Recession.

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rookiepilot
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Re: Recession.

Post by rookiepilot » Mon Feb 25, 2019 3:44 pm

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Re: Recession.

Post by mmm..bacon » Mon Feb 25, 2019 9:00 pm

Ha ha..the Harold Marks that I thought of was the, ah...international businessman. As for my the pimply-faced kid at my local bank, I wouldn’t know - I’ve dealt with the guy 15 floors above him for at least the last decade - and I pay him to read your Marks’ books, cartoons and all, for me.
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Re: Recession.

Post by rookiepilot » Mon Feb 25, 2019 9:11 pm

mmm..bacon wrote:
Mon Feb 25, 2019 9:00 pm
Ha ha..the Harold Marks that I thought of was the, ah...international businessman. As for my the pimply-faced kid at my local bank, I wouldn’t know - I’ve dealt with the guy 15 floors above him for at least the last decade - and I pay him to read your Marks’ books, cartoons and all, for me.
No one who works at a bank even gets Howard Marks. Bank people...are bank people. Only.

You are dealing with a different level....of pimply faced...salesman.

You are paying him to market to you. Sweet deal. For them.
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Re: Recession.

Post by confusedalot » Thu Feb 28, 2019 6:52 pm

I think I said it before.

No recession anytime soon. The world has changed a whole lot. Nuclear wars, world wars, are a thing of the past. Same goes for recessions. The bean counters have gotten smarter.

Don't worry.
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Re: Recession.

Post by rookiepilot » Fri Mar 01, 2019 9:43 am

CANADA:
"The country's economy grew by just 0.1 per cent in the fourth quarter, for an annualized pace of 0.4 per cent, Statistics Canada said Friday from Ottawa. That's the worst quarterly performance in two and a half years."

USA:

"The 2.6 percent annualized rate of gains in gross domestic product from October to December compared with the 2.2 percent median estimate of economists surveyed by Bloomberg".
"The report shows how Republican-backed tax cuts may have continued to aid growth and help bring the full-year figure to 3.1 percent, just above President Donald Trump’s 3 percent goal."

MAGA!

----

People here think Trudeau chasing away foreign investment is somehow a good thing. Don't believe me, look at the figures. International investors have given this country the big middle finger, which is fine in a socialist paradise I guess.
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Re: Recession.

Post by kilo3bravo » Fri Mar 01, 2019 9:52 am

confusedalot wrote:
Thu Feb 28, 2019 6:52 pm
I think I said it before.

No recession anytime soon. The world has changed a whole lot. Nuclear wars, world wars, are a thing of the past. Same goes for recessions. The bean counters have gotten smarter.

Don't worry.
I'm also an idealist - although I'm not certain it's wise to disregard the possibility of any of those events, especially with current global instability.

Recessions are a natural part of the financial cycle. How hard/soft the looming recession becomes is a result of both Canadian and international conditions.
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Re: Recession.

Post by oldncold » Fri Mar 01, 2019 2:21 pm

1)country net debt 655billion
2) harper added that debt in minority gov with the libs and Ndb holdn a non confidence gun to the head if he didnt. Blo. His fiscial brains out
3) until you millions of millenials who for the first time will have more voters than baby boomers. Vote and realize our dollar would be 15c. Stronger if we were not not in such a fiscal hole. They. Won't do squat
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Re: Recession.

Post by mmm..bacon » Fri Mar 01, 2019 3:23 pm

rookiepilot wrote:
Fri Mar 01, 2019 9:43 am
CANADA:
"The country's economy grew by just 0.1 per cent in the fourth quarter, for an annualized pace of 0.4 per cent, Statistics Canada said Friday from Ottawa. That's the worst quarterly performance in two and a half years."

USA:

"The 2.6 percent annualized rate of gains in gross domestic product from October to December compared with the 2.2 percent median estimate of economists surveyed by Bloomberg".
"The report shows how Republican-backed tax cuts may have continued to aid growth and help bring the full-year figure to 3.1 percent, just above President Donald Trump’s 3 percent goal."

MAGA!

----

People here think Trudeau chasing away foreign investment is somehow a good thing. Don't believe me, look at the figures. International investors have given this country the big middle finger, which is fine in a socialist paradise I guess.
And yet, According to the IMF, Canada’s debt/gdp ratio is lower than that of the USA, as is our per capita debt. I wonder how much more economic activity would have to be spurred by those tax cuts to pay down the debt incurred by them?

At least, when we mention SNC-Lavalin, only Canadians laugh; MAGA, not so much...
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Re: Recession.

Post by EPR » Fri Mar 01, 2019 6:11 pm

rookiepilot wrote:
Fri Mar 01, 2019 9:43 am
CANADA:
"The country's economy grew by just 0.1 per cent in the fourth quarter, for an annualized pace of 0.4 per cent, Statistics Canada said Friday from Ottawa. That's the worst quarterly performance in two and a half years."

USA:

"The 2.6 percent annualized rate of gains in gross domestic product from October to December compared with the 2.2 percent median estimate of economists surveyed by Bloomberg".
"The report shows how Republican-backed tax cuts may have continued to aid growth and help bring the full-year figure to 3.1 percent, just above President Donald Trump’s 3 percent goal."

MAGA!

----

People here think Trudeau chasing away foreign investment is somehow a good thing. Don't believe me, look at the figures. International investors have given this country the big middle finger, which is fine in a socialist paradise I guess.
Exactly! It's too bad the left wingnuts choose to ignore the data and/or spin it so that it's not a positive thing. #CNNfakenews
I also hope they nail Trudeau to the cross for the SNC scandal, he's got a lot of nerve to do what he did...to save Quebec jobs...considering what he has/hasn't done to or for our Oil Industry!! :smt013
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Re: Recession.

Post by iflyforpie » Fri Mar 01, 2019 7:14 pm

MAGA# :lol:
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Geez did I say that....? Or just think it....?

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Re: Recession.

Post by oldncold » Fri Mar 01, 2019 8:48 pm

1)in three years trudeau has added nealy 50 billion to the net debt ENOUGH TO FUND THE FIGHTER PROGRAM FOR 40 YEARS OMG still no jets and he goes to work in a new limo every year. go figure. :oops:

2) with that level of debt it is a blatant lie that he will ever fix the native issue other than band-aid stop gap crisis funding .

3) the interest payments on the debt exceed the budgets of the dept of defense and ingenious affairs combined. 32 billion

4) the big piss off is the lack of accountabillity on the political left . for their grandiose schemes. they want a European model but selectively forget the 525 million to pay for it and in a territory of the size of. saskatchewan

flame away.
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Re: Recession.

Post by oldncold » Fri Mar 01, 2019 8:54 pm

if you get tired of the political bs and scheer loses the next federal election i would take a run at the job . why you ask my grand kids need a chance a low debt affordable future . which is a pipedream to the next gen
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Re: Recession.

Post by confusedalot » Fri Mar 01, 2019 9:19 pm

Oh boy........

Gals and guys, perhaps can I point out that we are missing the point?

National pride is nice, the world does not revolve around Canada.

Lots of land mass, not a whole lot of people.

Most European countries have 3 times more people and GDP.

And then, US, China, Russia.......these are the powerhouses you need to look at.

Canada, Trudeau, harper, or whatever, have almost zero effect on the global economy, so look at the big picture.

As always, Canada will live or die, and as usual, will benefit or lose all depending on the fortunes of the big guys.

I see no global recession anytime soon
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Re: Recession.

Post by altiplano » Fri Mar 01, 2019 9:42 pm

EPR wrote:
Fri Mar 01, 2019 6:11 pm
I also hope they nail Trudeau to the cross for the SNC scandal, he's got a lot of nerve to do what he did...to save Quebec jobs...considering what he has/hasn't done to or for our Oil Industry!! :smt013
Nerve? Putting the SNC charges to bed with a deal and moving on is exactly what any government should have done in this case. That some minister thought making a career out of bringing down a corporation was a good idea and dug in over it... well that's the company they're keeping over there on the left...

Blue or red, I don't want frivolous overreaching prosecutions of Canadian corporations for getting business done in less savory parts of the world... bribes paid by their shareholders and costed into their contacts in another country... guaranteed all of them German, French, American, British, Spanish Corporations are paying the same bribes to operate in these jurisdictions... it's just the way business is there, we don't need to string them up over it.

This case is overblown... the media is eating it up, the opposition is making hay... it's a waste of time.
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Re: Recession.

Post by YYZSaabGuy » Sat Mar 02, 2019 5:31 am

altiplano wrote:
Fri Mar 01, 2019 9:42 pm
Nerve? Putting the SNC charges to bed with a deal and moving on is exactly what any government should have done in this case. That some minister thought making a career out of bringing down a corporation was a good idea and dug in over it... well that's the company they're keeping over there on the left...

Blue or red, I don't want frivolous overreaching prosecutions of Canadian corporations for getting business done in less savory parts of the world... bribes paid by their shareholders and costed into their contacts in another country... guaranteed all of them German, French, American, British, Spanish Corporations are paying the same bribes to operate in these jurisdictions... it's just the way business is there, we don't need to string them up over it.

This case is overblown... the media is eating it up, the opposition is making hay... it's a waste of time.
Nope.....not even close:

1. It's not the government's job to "put the SNC charges to bed with a deal and move on". Charge decisions are made by the Director of Public Prosecutions, not by the Attorney-General.

2. Wilson-Raybould wasn't "making a career out of bringing down SNC"; rather, she was declining to overrule the DPP's decision that a Deferred Prosecution Agreement not be entered into with SNC. In other words, she supported getting the matter in front of and dealt with by the courts, under the existing law, rather than cutting a side deal with a politically influential defendant.

3. I agree with your point that bribery is the norm in some other countries, and that we shouldn't disadvantage Canadian companies from competing on a level playing field. But if you want that outcome, you need to change the existing laws - not just in Canada, but internationally as well, because this is not just a Canadian issue.

Minimizing political interference in the judicial system is a pretty clear cornerstone of our governance. I really, really don't want Trudeau, or any other politician for that matter, having the ability to quietly intercede and decide who faces criminal charges and who gets a deal, based on his own polling data, re-election ambitions, and perceived need to favour corporations from a certain province. And that, by the way, is not an issue "...over there on the left", nor is it an issue on the right: it's just common sense.
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Re: Recession.

Post by altiplano » Sat Mar 02, 2019 7:10 am

SNC was willing to own up to those charges under the laws and practices of our system.

Deals are made all the time. It's expedient, it's cheaper than a trial, it delivers the desired outcome of punishing poor behaviours. In this case, it was in the best interest of the government, SNC, and Canadians... Trudeau badly fumbled the handling of it, but I don't appreciate this kind of stuff getting dragged on.
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Re: Recession.

Post by flyzam » Sat Mar 02, 2019 7:50 am

YYZSaabGuy wrote:
Sat Mar 02, 2019 5:31 am
I agree with your point that bribery is the norm in some other countries, and that we shouldn't disadvantage Canadian companies from competing on a level playing field.
You both realize that in any of these places bribery and corruption are illegal as well right?

Saying that we shouldn't disadvantage Canadian companies from breaking the law to create a level playing field sounds more than unethical.

I'm not a liberal or otherwise and have no horse in this race, but that absolutely is the governments job to stop Canadian companies from breaking the law here and elsewhere.
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Re: Recession.

Post by YYZSaabGuy » Sat Mar 02, 2019 8:35 am

Sure, a DPA might have been the better option, but the DPP rejected that solution as inappropriate (if you review the requirements at https://www.osler.com/en/blogs/risk/sep ... -in-canada, for example, you might be able to guess why that decision was made). Moreover none of the terms which might have been included have been released, so as a practical matter it's impossible to say it would have been a better outcome.

I am quite sure that SNC would have been delighted to accept a DPA, thereby avoiding the ongoing publicity and the ultimate risk of a criminal conviction which could result in a multi-year lockout from bidding on federal government contracts.

The problem in this case is that the PMO intervened in an attempt to override the decision of the accountable civil servants. I think we can all guess the underlying motivation: the Caisse is a major SNC shareholder, the Quebec government has designated SNC as one of 10 publicly-traded Quebec-based companies considered "strategic", the historic Liberal base in Quebec, and the fact that JT himself is a Quebec MP facing re-election in a few months. Understanding the motivation doesn't excuse the blatant politically-motivated interference. The impartiality of our justice system has already come under some scrutiny as a result of the Huawei CFO arrest and extradition proceedings, and McCallum's public musings about the rationale. The follow-on SNC debacle doesn't help.

Like you, I suspect we're all going to be very tired of this story before it's over. But put the blame squarely where it belongs, on the PMO. Not on the Opposition, for doing its job, and not on the Press, for doing the same. A fish rots from the head down, and I would prefer having this stuff aired out in public to having to watch and wonder as pols abuse their influence for their own advantage under cover of benign indifference from the rest of us.
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Re: Recession.

Post by YYZSaabGuy » Sat Mar 02, 2019 8:39 am

flyzam wrote:
Sat Mar 02, 2019 7:50 am
YYZSaabGuy wrote:
Sat Mar 02, 2019 5:31 am
I agree with your point that bribery is the norm in some other countries, and that we shouldn't disadvantage Canadian companies from competing on a level playing field.
You both realize that in any of these places bribery and corruption are illegal as well right?

Saying that we shouldn't disadvantage Canadian companies from breaking the law to create a level playing field sounds more than unethical.

I'm not a liberal or otherwise and have no horse in this race, but that absolutely is the governments job to stop Canadian companies from breaking the law here and elsewhere.
I'm happy to let other countries enforce their own laws, including those applicable to Canadian companies operating in their jurisdictions. I don't see any need for the Canadian government to competitively disadvantage Canadian businesses by enforcing the laws of another country, any more than I expect other governments to enforce Canadian laws. That's not unethical, it's just common sense.
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Re: Recession.

Post by rookiepilot » Sat Mar 02, 2019 8:53 am

Personally, I hope they dig deep enough to reach China. Maybe then we'll find out more, like who and how much would be paid off for SNC to avoid prosecution. That might be fun speculation, but it sure as heck happens in other countries, we'd be incredibly naive to think it doesn't happen here.

If you all are happy with a PM who panders relentlessly to Quebec, as I've said many, many times, while giving the west the shaft good for you but it's not my Canada.

It's funny how the rule of law applies in Canada, except in Quebec.

This is an embarrassment to Canada.
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Re: Recession.

Post by flyzam » Sat Mar 02, 2019 9:28 am

YYZSaabGuy wrote:
Sat Mar 02, 2019 8:39 am
flyzam wrote:
Sat Mar 02, 2019 7:50 am
YYZSaabGuy wrote:
Sat Mar 02, 2019 5:31 am
I agree with your point that bribery is the norm in some other countries, and that we shouldn't disadvantage Canadian companies from competing on a level playing field.
You both realize that in any of these places bribery and corruption are illegal as well right?

Saying that we shouldn't disadvantage Canadian companies from breaking the law to create a level playing field sounds more than unethical.

I'm not a liberal or otherwise and have no horse in this race, but that absolutely is the governments job to stop Canadian companies from breaking the law here and elsewhere.
I'm happy to let other countries enforce their own laws, including those applicable to Canadian companies operating in their jurisdictions. I don't see any need for the Canadian government to competitively disadvantage Canadian businesses by enforcing the laws of another country, any more than I expect other governments to enforce Canadian laws. That's not unethical, it's just common sense.
So a Canadian peodiphile goes to Thailand and has sex with underage girls and you think they shouldn't be held accountable in Canada?

As someone who grew up in Africa, no bribery is not that common and is certainly not out in the open. Most of the time. Foreign companies coming in with large pockets only makes the issue worse.

Yes it is unethical and only pushes back valid efforts to rid these countries of this issue. It is absolutely unethical.

It is also illegal under Canadian law under the Canadian Corruption of Foreign Public Officials Act (CFPOA). The fact you are sitting here on a public professional pilots forum advocating for a.canadian company to break both Canadian and international law because it is 'common sense' makes me question your suitability as a pilot.

despicable.
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Re: Recession.

Post by YYZSaabGuy » Sat Mar 02, 2019 10:02 am

flyzam wrote:
Sat Mar 02, 2019 9:28 am
YYZSaabGuy wrote:
Sat Mar 02, 2019 8:39 am
flyzam wrote:
Sat Mar 02, 2019 7:50 am


You both realize that in any of these places bribery and corruption are illegal as well right?

Saying that we shouldn't disadvantage Canadian companies from breaking the law to create a level playing field sounds more than unethical.

I'm not a liberal or otherwise and have no horse in this race, but that absolutely is the governments job to stop Canadian companies from breaking the law here and elsewhere.
I'm happy to let other countries enforce their own laws, including those applicable to Canadian companies operating in their jurisdictions. I don't see any need for the Canadian government to competitively disadvantage Canadian businesses by enforcing the laws of another country, any more than I expect other governments to enforce Canadian laws. That's not unethical, it's just common sense.
So a Canadian peodiphile goes to Thailand and has sex with underage girls and you think they shouldn't be held accountable in Canada?

As someone who grew up in Africa, no bribery is not that common and is certainly not out in the open. Most of the time. Foreign companies coming in with large pockets only makes the issue worse.

Yes it is unethical and only pushes back valid efforts to rid these countries of this issue. It is absolutely unethical.

It is also illegal under Canadian law under the Canadian Corruption of Foreign Public Officials Act (CFPOA). The fact you are sitting here on a public professional pilots forum advocating for a.canadian company to break both Canadian and international law because it is 'common sense' makes me question your suitability as a pilot.

despicable.
Look, I understand that intellectual rigor isn't your strong point, but try and keep up.

1. I'm not sure how (or why?) you would extrapolate from a discussion about an SNC Lavalin DPA to sex tourism. Try and address the issue at hand.
2. However, to your point: sex with an individual under the age of consent is illegal in Canada, so Canadian sex tourists are (I assume) liable for prosecution in Canada under the criminal code. I say assume, because I've never had occasion to look into it - maybe you have?
3. Your definition of what is and isn't "absolutely unethical" isn't always going to synch up with everyone else's definition: it's a complicated world out there, and shockingly, your personal ethics aren't always going to be universally accepted.
4. I'm well aware of CFPOA's provisions. Go back and read, carefully this time, what I wrote (sound the words out loud, if it helps you). I did not advocate that Canadian companies should break the laws. I advocated for the Canadian government to enforce Canadian laws applicable to Canadian companies, and for foreign governments to enforce their own laws applicable to Canadian companies operating in their jurisdiction. Period. I'm not sure why you find that either complicated or nefarious.

And finally, don't worry your pretty little head about my suitability as a pilot.......I'll take my chances with the regulatory authorities over an anonymous little internet troll any day, thanks.
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Re: Recession.

Post by rookiepilot » Sat Mar 02, 2019 10:16 am

YYZSaabGuy wrote:
Sat Mar 02, 2019 10:02 am

2. However, to your point: sex with an individual under the age of consent is illegal in Canada, so Canadian sex tourists are (I assume) liable for prosecution in Canada under the criminal code. I say assume, because I've never had occasion to look into it - maybe you have?
This is not very nice to say , or imply about another poster, YYZSaab, and I'm quoting it so it doesn't disappear.

You might think that's cute, personally it makes me lose respect for every other word you wrote.

Totally out of line.
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Re: Recession.

Post by Diadem » Sat Mar 02, 2019 10:31 am

Americans are losing $323 billion in tax deductions this year because of their government's terrible ideas about the economy: https://www.huffingtonpost.ca/entry/tax ... f77651b412
Keeping $323 billion from returning to their economy is going to hurt them badly, and substantially increases the risk of a recession. Oh yeah, MAGA...
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Re: Recession.

Post by YYZSaabGuy » Sat Mar 02, 2019 10:31 am

rookiepilot wrote:
Sat Mar 02, 2019 10:16 am
YYZSaabGuy wrote:
Sat Mar 02, 2019 10:02 am

2. However, to your point: sex with an individual under the age of consent is illegal in Canada, so Canadian sex tourists are (I assume) liable for prosecution in Canada under the criminal code. I say assume, because I've never had occasion to look into it - maybe you have?
This is not very nice to say , or imply about another poster, YYZSaab, and I'm quoting it so it doesn't disappear.

You might think that's cute, personally it makes me lose respect for every other word you wrote.

Totally out of line.
Agreed: quote your heart out. That said, I'd guess it's about as out of line as the previous poster's comment that I would consider sex tourism acceptable. Or did you not bother to read the full thread?
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