OT: Coronavirus XXIV: The Shit Has Hit the Fan in Europe Again :(

[Oilers in NS]

I think it may be an Indica based product.

U know you can order Shatter that is 50% Indica and 50% Sativa now. U would be hyper for 10 mins, sleepy for 10

 

[Fourier]

View attachment 374547
I guess u didn’t check leading up to that. The country was booming and u pick one month. So you are saying country was going for a recession. It’s hard to keep up that pace. Just to let u know, if Covid had not have hit, the economy would have picked back up again.
I like how you picked a month and say we are in a recession. If the GDP goes below the previous month, they call it a recession. It’s hard to keep up the pace the way he had the economy booming. I’ll tell ya what. Come back on here in 2 months and see how Sleepy Joe has the country running. It won’t be a recession, it will be closer to a depression. Hello China, cmon in , Joe is hereView attachment 374547

The chart you are presenting does not really make the case that the economy in the US would have continued to boom nor does it make the case that it was the present WH's policies that were fully responsible for the growth in the market over this last three years and 8 months. In fact if you look historically the growth in markets has been greater under Democratic administrations than it had been under Republican administrations despite the stereo type.

Democrats Vs. Republicans: Who Is Better For The Stock Market?

But even this may be as much a matter of chance as it is the influence of various administrative decisions. The annualized return under Obama was 17% in his first term and 12.6% in his second term. The only better combined returns were in were in Clinton's two terms. But do they deserve full credit? Probably not. One major factor was that they were starting at a historically low point because of the great recession. They did make a lot of good choices to turn things around and the cooperation between Obama and Bush at the end of the Bush Term allowed for some of the policies to actually happen. But central banks around the world also played a huge role in turning things around, just as astute moves by the Fed helped fend off even worse losses and quickened the turn around this summer.

Trump's tax cuts actually had a relatively minimal impact on growth, that probably only lasted a short period. They may well have been negated by his tariff policies which despite his claims were actually a huge tax increase on American industry and consumers. Deregulation was certainly a factor in growth, but that comes with a significant cost in other areas. Even so the markets rose at a slower rate over Trumps first 3 years than they did under Obama. (If you start with record high markets you should expect to end with record high markets by the way.) Moreover, it is correct that prior to the pandemic there were definite signs of a looming small recession which is pretty natural given the length of the growth cycle. But the big thing about simply looking at index returns is that they do not always reflect the larger economy. For example the last few years growth in the market has centered around primarily a handful of players, mostly in the tech sector. Look at aa company like Deere. From the beginning or 2018 through to the beginning of 2020 t was essentially flat. It has taken off recently due to historically low interest rates and the promise of a big stimulus if Biden gets elected. in fact, if the pandemic gets controlled and Biden follows through I think the consensus is that even with raising corporate tax rates you will probably see substantial growth in the first few years of his term simply because of proposed infrastructure spending. We saw a similar thing in 2008 in both Canada and the US.

Bottom line is that far too much credit and far too much blame goes to politicians for how the economy goes. Most of the time both successes and failures are more do to outside influences and circumstance than they are due to political ideology.

 

[Raab]

You guys had to go and ruin a good thing... BBO has been good letting us voice our opinions respectfully and you pull this crap.

 

[Senor Catface]

You guys had to go and ruin a good thing... BBO has been good letting us voice our opinions respectfully and you pull this crap.

Ok Mr. "There's Going to be a Civil War in Canada"

 

[Raab]

Falun Gong founder. Epoch Times is run by Falun Gong.

Solid source material.

The real question is, why does it bother Karen in Windsor if she gets the Epoch Times, and why is it on the national news? Like I get stuff all the time in the mail, most of it I don't even look at. Whats next you can'y deliver a Sobeys flyer because the picture of a beef steak on the front upsets a vegan? I think theres a lot of validity in what Laos had to say on the subject. And he would know as he's lived in China

 

[Oilers in NS]

The chart you are presenting does not really make the case that the economy in the US would have continued to boom nor does it make the case that it was the present WH's policies that were fully responsible for the growth in the market over this last three years and 8 months. In fact if you look historically the growth in markets has been greater under Democratic administrations than it had been under Republican administrations despite the stereo type.

Democrats Vs. Republicans: Who Is Better For The Stock Market?

But even this may be as much a matter of chance as it is the influence of various administrative decisions. The annualized return under Obama was 17% in his first term and 12.6% in his second term. The only better combined returns were in were in Clinton's two terms. But do they deserve full credit? Probably not. One major factor was that they were starting at a historically low point because of the great recession. They did make a lot of good choices to turn things around and the cooperation between Obama and Bush at the end of the Bush Term allowed for some of the policies to actually happen. But central banks around the world also played a huge role in turning things around, just as astute moves by the Fed helped fend off even worse losses and quickened the turn around this summer.

Trump's tax cuts actually had a relatively minimal impact on growth, that probably only lasted a short period. They may well have been negated by his tariff policies which despite his claims were actually a huge tax increase on American industry and consumers. Deregulation was certainly a factor in growth, but that comes with a significant cost in other areas. Even so the markets rose at a slower rate over Trumps 3 years than they did under Obama. Moreover, it is correct that prior to the pandemic there were definite signs of a looming small recession which is pretty natural given the length of the growth cycle. But the big thing about simply looking at index returns is that they do not always reflect the larger economy. For example the last few years growth in the market has centered around primarily a handful of players, mostly in the tech sector. Look at aa company like Deere. From the beginning or 2018 through to the beginning of 2020 t was essentially flat. It has taken off recently due to historically low interest rates and the promise of a big stimulus if Biden gets elected. in fact, if the pandemic gets controlled and Biden follows through I think the consensus is that even with raising corporate tax rates you will probably see substantial growth in the first few years of his term simply because of proposed infrastructure spending. We saw a similar thing in 2008 in both Canada and the US.

Bottom line is that far too much credit and far too much blame goes to politicians for how the economy goes. Most of the time both successes and failures are more do to outside influences and circumstance than they are due to political ideology.

Im not doubting anything u said . I can’t pronounce half of this stuff but it sure looks good.
It reminds me of Frank the Tanks speech on the movie Old School when they had that square off to keep their frat house on campus

 

[ThePhoenixx]

Which the Chinese are... they also unlawfully interfering in Hong Kong. These are two MAJOR international issues.

This time is eerily similar to the Chamberlain years. Same reclaiming old homelands, etc.

 

[Little Fury]

Sure he did
Your reasoning is like all the people who run with the Democrats and people protesting
It’s like “ what do you mean, you don’t agree with us? That’s wrong and immoral”

Trump supporters of course being well known for their respectful tolerance of other viewpoints.

 

[Senor Catface]

The real question is, why does it bother Karen in Windsor if she gets the Epoch Times, and why is it on the national news? Like I get stuff all the time in the mail, most of it I don't even look at. Whats next you can'y deliver a Sobeys flyer because the picture of a beef steak on the front upsets a vegan? I think theres a lot of validity in what Laos had to say on the subject. And he would know as he's lived in China

Any organization that is anti-homosexual, anti-race mixing and believes races go to different heavens(!!) doesn't have a reliable voice.

The CCP is garbage and a blight on the world.

That doesn't mean every anti-CCP voice is on equal footing.

 

[Little Fury]

The real question is, why does it bother Karen in Windsor if she gets the Epoch Times, and why is it on the national news? Like I get stuff all the time in the mail, most of it I don't even look at. Whats next you can'y deliver a Sobeys flyer because the picture of a beef steak on the front upsets a vegan? I think theres a lot of validity in what Laos had to say on the subject. And he would know as he's lived in China

Karen in Windsor must be a CCP plant.

 

[Raab]

Ok Mr. "There's Going to be a Civil War in Canada"

I don't think you appreciate the situation were in right now. We have a strong socialist push from unemployed millenials who've been taught by bought off scholars to teach the ideals of big government. We then have corrupt politicians taking money from whoever they can. Meanwhile the average joe can barely afford rent, and to feed his family. Thats not to mention the race problems brewing over like we're seeing in NS, or the economic downturn coming from Covid.

 

[Little Fury]

I don't think you appreciate the situation were in right now. We have a strong socialist push from unemployed millenials who've been taught by bought off scholars to teach the ideals of big government. We then have corrupt politicians taking money from whoever they can. Meanwhile the average joe can barely afford rent, and to feed his family. Thats not to mention the race problems brewing over like we're seeing in NS, or the economic downturn coming from Covid.

Gee I wonder if there's a connection between young people turning to socialism and 40 years of neoliberalism, austerity and wealth transfers upward, nah couldn't be.

 

[Raab]

Any organization that is anti-homosexual, anti-race mixing and believes races go to different heavens(!!) doesn't have a reliable voice.

The CCP is garbage and a blight on the world.

That doesn't mean every anti-CCP voice is on equal footing.

If you look at the article I mentioned where the lady, and postman are upset. Its clear that the main problem was her view on the coronavirus coming from the CCP and calling it racist. The other stuff I know nothing about, either way I don't see why its national news, and am very concerned when people who've actually been to China and know what their propaganda looks like start sounding warnings.

 

[Drivesaitl]

Just to interrupt the latest shitshow here with some news. .

2290 cases now in Edmonton. 12 Neighborhoods in Edmonton now Redzoned and the provincial total being only 17 of these. Edmonton 12 Calgary 5 Resto of province=winning.

Edmonton flunking at remedial covid. Refresher lessons given for weeks, Edmonton still flunking bigtime. I mean we're the worst city in Canada for Covid right now. How does that even happen?

Hospitalization keeps going up, 123 now, but ICU remaining firm at 16. Pretty remarkable how few of these newer cases are translating into more serious immediate cases. If there was a time to be flunking this pandemic probably better it happens now than when the virus appeared much more lethal.

 

[Little Fury]

If you look at the article I mentioned where the lady, and postman are upset. Its clear that the main problem was her view on the coronavirus coming from the CCP and calling it racist. The other stuff I know nothing about, either way I don't see why its national news, and am very concerned when people who've actually been to China and know what their propaganda looks like start sounding warnings.

It's hard to say what her view was since the YouTube guy didn't actually play the clip.

 

[Fourier]

Im not doubting anything u said . I can’t pronounce half of this stuff but it sure looks good.
It reminds me of Frank the Tanks speech on the movie Old School when they had that square off to keep their frat house on campus

If you want a good balanced view on the economy, the market and particularly how the pandemic impacts everything I recommend recording Squawk Box and Squawk on the Street. You will hear from the right, the left and everywhere in between. A frequent guest who I really like is Mohamad El-Erian who is now the President of Queen's College Cambridge. When I stared watching he was the Co-CEO of PIMCO a huge fixed income manager.

They are also a very good source for mostly rather unbiased news on the pandemic. They frequently have CEO's of the major Pharma companies on. Today they had the CEO of Ely Lilly talking bout the results of their monoclonal antibody treatment.

 

[Raab]

Gee I wonder if there's a connection between young people turning to socialism and 40 years of neoliberalism, austerity and wealth transfers upward, nah couldn't be.

Wouldn't have anything to do with university professors getting their wage paid by CCP International student fees

The problem of the last 40 years has been monetary policy, bigger government, and government bailouts. Far from Liberal in the Classical sense of the word. Despite these facts in Universities and High Schools across this nation you'll hear all about how we need BIGGER government to fix the problems that government has created. I'd like to know why Highschool students are taught very little to nothing on Smith, Locke,Stuart Mill, Hayek, Friedman, etc... while being force fed socialist dogma about the Nordic countries? They conveniently like to leave out facts like the Nordic countries have free markets. Freer then Canada in many respects. For example in Norway theres no minimum wage. But you don't here about that when we talk about the Nordic model.

The fact is we need a total re-working of the curriculum, and people to stop trusting and looking to the government to fix the worlds problems.

 

[yukoner88]

My head after reading the last page and a bit

 

[Raab]

It's hard to say what her view was since the YouTube guy didn't actually play the clip.

If you watched the whole thing he plays it, then another clip very similar on CBC's the National. But you were sure after 8 minutes it was a waste of time. It not like it matters if our national news is influenced by the CCP.

 

[Raab]

Just to interrupt the latest shitshow here with some news. .

2290 cases now in Edmonton. 12 Neighborhoods in Edmonton now Redzoned and the provincial total being only 17 of these. Edmonton 12 Calgary 5 Resto of province=winning.

Edmonton flunking at remedial covid. Refresher lessons given for weeks, Edmonton still flunking bigtime. I mean we're the worst city in Canada for Covid right now. How does that even happen?

Hospitalization keeps going up, 123 now, but ICU remaining firm at 16. Pretty remarkable how few of these newer cases are translating into more serious immediate cases. If there was a time to be flunking this pandemic probably better it happens now than when the virus appeared much more lethal.

How can that be with their mask mandate?

 

[McOvechking]

How can that be with their mask mandate?

Because people are allowed to sit in restaurants without masks, and going to private gatherings indoors without masks.

 

[Nostradumbass]

View attachment 374547
I guess u didn’t check leading up to that. The country was booming and u pick one month. So you are saying country was going for a recession. It’s hard to keep up that pace. Just to let u know, if Covid had not have hit, the economy would have picked back up again.
I like how you picked a month and say we are in a recession. If the GDP goes below the previous month, they call it a recession. It’s hard to keep up the pace the way he had the economy booming. I’ll tell ya what. Come back on here in 2 months and see how Sleepy Joe has the country running. It won’t be a recession, it will be closer to a depression. Hello China, cmon in , Joe is hereView attachment 374547

That giant spike is the corporate tax cut, which isn’t real gains to the market. It’s a one-time bump.

 

[CantHaveTkachev]

Because people are allowed to sit in restaurants without masks, and going to private gatherings indoors without masks.

We need to get the Gestapo in here and bust these gatherings up

 

[kevy999]

Because people are allowed to sit in restaurants without masks, and going to private gatherings indoors without masks.

You're blaming restaurants when there is zero proof this is the cause of anything?? It's a damn restaurant and only a moron wears mask while sitting down to eat. Stay home! It is not essential.

 

[MaxR11]

422 new cases
4,738 active cases
123 in Hospitals
16 in intensive care
309 deaths

Interesting, according to a chart I'm looking at, we had a huge dip in amount of tests we completed today (especially in Edm). But positivity rate is still quite high.