please
either economic forces are dealt with or they deal with you. I already said we're doing alright.
Canada/US Economies Thriving....YAY
- Thread starter Curiosity
- Start date
please
either economic forces are dealt with or they deal with you. I already said we're doing alright.
BitWhys
Ya but could ya dance a jig or somethin???
Look at some nations and compare.....we have more than enough to keep us comfortable... and we take it for granted.
Ya but could ya dance a jig or somethin???
Look at some nations and compare.....we have more than enough to keep us comfortable... and we take it for granted.
wtf for?
because some op-ed is jawboning the M2 into the stock market where its safe and warm?
I've got better things to dance about.
the labour stats have been showing near perfect employment for ages already. when the announcements of massive relief of poverty and spontaneous urban renewal start making the headlines I'll even let you call the tune. until then I'll take the financial news with the same large grain of salt I always have.
Bit
OK I'll give you some fact...I'll copy my year end stock portfolio...made almost as much interest as I did in take home pay....and I still have plenty to give to charitable choices....anonymously ....because I don't believe in giving for a "tax break".
That's a comfortable position... I am learning how to earn and re-earn.
OK I'll give you some fact...I'll copy my year end stock portfolio...made almost as much interest as I did in take home pay....and I still have plenty to give to charitable choices....anonymously ....because I don't believe in giving for a "tax break".
That's a comfortable position... I am learning how to earn and re-earn.
I do think that costs will be absorbed companies. The reason is because returns on capital are currently so high, much higher than the costs of capital. That is untenable over the long run, though it can be sustained for some time.
I don't know if wages are going to rise appreciably. I'm a firm believer that the conditions we have in the global economy are going to persist for some time, which benefits capital, not labour, or at least not labour in the first world - it definitely benefits labour in the third world. That's why we are seeing a global move away from market economics in the political arena - the rise in protectionism around the world, legislative increases in minimum wages, nationalizations of resources in third world countries, the suspension of the Doha round, increased emphasis on equality in China after the most recent People's Congress, etc.
But what's the breaking point? There's nothing to indicate suppliers won't continue to creep into the world of unrealized gains because aggregate demand has yet to slow up in the face of a long-running easy money policy. Imbalances are one thing, but something's got to trigger the correction.
You think it was the developing countries that tanked the Doha? The impression I got is everyone is waiting for the US and EU to actually practice what they preach.
In terms of the returns to labour and to capital, I don't think there is a breaking point. You may see a correction in asset markets, but that shouldn't effect the price of labour relative to capital too much I would think.
The failure of the Doha round was primarily due to the Western world's inability to do anything about agricultural subsidies.
The failure of the Doha round was primarily due to the Western world's inability to do anything about agricultural subsidies.