i hate the recession

Cliffy

Standing Member
Nov 19, 2008
44,850
193
63
Nakusp, BC
Yea!!! for the feast or famine of capitalism. Yea!!! for pollution and environmental degradation. Which is why I chose poverty so as to contribute as little as possible to the insanity of destroying our life support system.
 

Kakato

Time Out
Jun 10, 2009
4,929
21
38
Alberta/N.W.T./Sask/B.C
I said we are out of recession officially, kakato. Recession means falling GDP two quarters in a row. GDP has stopped falling, so technically the recession is over.

I also said that it will be a while before unemployment picture starts to improve; there usually is a lag of a few months.

Well the numbers dont mean anything to me,im not even counted as a stat so not much for accuracy there.
no one in the government knows if im working or not,there still asking me where last years payroll is,so numbers mean squat to me,I see whats happening from a contractors perspective and I know most big outfits in Alberta and BC personally and can tell you that those numbers will change when real life catches up with the peeps crunching them.:roll:
 

SirJosephPorter

Time Out
Nov 7, 2008
11,956
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48
Ontario
Well the numbers dont mean anything to me,im not even counted as a stat so not much for accuracy there.
no one in the government knows if im working or not,there still asking me where last years payroll is,so numbers mean squat to me,I see whats happening from a contractors perspective and I know most big outfits in Alberta and BC personally and can tell you that those numbers will change when real life catches up with the peeps crunching them.:roll:


But that is how a typical recovery works, kakato. The first to recover is the stock market. Investors have their eagle eyes on the companies, they are aware of the bottom line, the future prospects, what is coming down the pipe etc. When they see the future prospects brighten, they buy stocks and the stock market goes up.

Next, the economic indicators start to turn. Housing starts, durable goods, GDP etc show signs of improvement. As the bottom line of the companies improves, as the demand for good increases beyond their capacity, they hire more people. So unemployment is the last to recover.

We are in the second phase right now. Stock market recovered months ago, now other indicators are showing signs of improvement. I know the unemployment picture looks bleak at present. However, assuming it is an average recession, assuming it behaves normally (which is not guaranteed of course, there is a first time for everything); unemployment is expected to start improving 6 to 9 months from now.

But you are right, unless the unemployment picture improves, people won't feel that the recession is over.
 

YukonJack

Time Out
Dec 26, 2008
7,026
73
48
Winnipeg
"Yea!!! for the feast or famine of capitalism. Yea!!! for pollution and environmental degradation. Which is why I chose poverty so as to contribute as little as possible to the insanity of destroying our life support system."

Cliffy, if you take a closer and an HONEST look, you will see than the worst pollution and enviromnental degradtion is committed by China and India.

Americans are smart enough to realize that breathing dirty air and drinking dirty water is NOT what normal people would do. Thru history, Western capitalism has ALWAYS come up with solutions for real or perceived damage it might have caused.

Even with the most ridiculous politically correct twisting and spinning of facts, the same can not be said for China and India. They gleefully pollute and degrade, because they know that they are safe from criticism, due to backstabbing Westerners like Al Gore and, perhaps, yourself.

Speaking of Al Gore, isn't he the type that gives capitalism a bad name? Along with Michael Moore?
 

kryptic

- gone insane -
Sep 24, 2009
138
3
18
Alberta
Stock market has recovered? says who? I would rather think it looks like it
has recovered from all the money the government has put into it!

Stimulus... thats it, thats all that is driving it for now.

But that is how a typical recovery works, kakato. The first to recover is the stock market. Investors have their eagle eyes on the companies, they are aware of the bottom line, the future prospects, what is coming down the pipe etc. When they see the future prospects brighten, they buy stocks and the stock market goes up.

Next, the economic indicators start to turn. Housing starts, durable goods, GDP etc show signs of improvement. As the bottom line of the companies improves, as the demand for good increases beyond their capacity, they hire more people. So unemployment is the last to recover.

We are in the second phase right now. Stock market recovered months ago, now other indicators are showing signs of improvement. I know the unemployment picture looks bleak at present. However, assuming it is an average recession, assuming it behaves normally (which is not guaranteed of course, there is a first time for everything); unemployment is expected to start improving 6 to 9 months from now.

But you are right, unless the unemployment picture improves, people won't feel that the recession is over.
 

Machjo

Hall of Fame Member
Oct 19, 2004
17,878
61
48
Ottawa, ON
I dont know how bad Canada has been hit by the recession but England has been hit pretty bad ,especially in the construction industry .Many building sites have come to a standstill with houses half built and many sites havent even got off the ground .
Other industries have been hit pretty hard too ,my wife has just had to go on a 3 day week .
Many people over here blame the current labour government for not intrvening in the banks who have payed out rediculous bonuses to their executives and for lending out money to people who could not afford to pay it back .
Not so long ago it was not uncommon to receive offers for various loans or credit cards through the post ,or people given mortgages which were well beyond their means .
Theres been lots of houses reposessed and lots of people who have lost their jobs .How have we got in such a mess .:-(

We've been lucky here in Canada... well, relatively speaking, anyway; though some are predicting Canada's recession might not be as deep but might be more long-lasting. I hope not.

Anyway, you came to a Canadian site to discuss the UK side of the recession, so why not discuss how we could help one another. Among my proposals on the Canadian side:

1. Reduce legislative barriers to British nationals working in Canada

2. Reduce legislative barriers to the importation of British goods and services.

And I'm sure there are plenty of other things we could do to help the UK too, but this could be a start.
 

Machjo

Hall of Fame Member
Oct 19, 2004
17,878
61
48
Ottawa, ON
they have predicted it will 5 years at least before we are out of it ,some have said it may not have occured if another government had been in power but theres a saying over here it doesnt matter whos in they all piss in the same pot:smile:

Remember too that in some ways it's natural justice, which could be a good thing. Owing to developing countries being able to produce goods and services cheaper than developed countries, it automatically gives them a natural advantage over the more developed countries. This is a good thing since it's a form of natural justice built right into the natural free market, thus allowing for a natural redistribution of wealth through freer movement of labour, goods and services worldwide. A tough pill to swallow, but justice is not always easy, just like many other virtues.
 

Machjo

Hall of Fame Member
Oct 19, 2004
17,878
61
48
Ottawa, ON
Its called greed,thats what got us in this mess.Bloated government used to easy tax dollars suddenly has to find more coin so they rape the working man with more taxes.Then when they are hung out to dry and have no more money left the tax rev peeps will come ask for more.

Funny but I dont see the government cutting back but then again they are handing out the stimulis packages and thats like a retirement package and 5 year job security right there for most civil servants.:roll:

Wouldn't the argument be the opposite? A responsible government does not lower taxes in the midst of budget deficits any more than it increases spending unless absolutely essential in the midst of a budget deficit, and even increases taxes if necessary to pay off its debt.
 

Machjo

Hall of Fame Member
Oct 19, 2004
17,878
61
48
Ottawa, ON
"Yea!!! for the feast or famine of capitalism. Yea!!! for pollution and environmental degradation. Which is why I chose poverty so as to contribute as little as possible to the insanity of destroying our life support system."

Cliffy, if you take a closer and an HONEST look, you will see than the worst pollution and enviromnental degradtion is committed by China and India.

Americans are smart enough to realize that breathing dirty air and drinking dirty water is NOT what normal people would do. Thru history, Western capitalism has ALWAYS come up with solutions for real or perceived damage it might have caused.

Even with the most ridiculous politically correct twisting and spinning of facts, the same can not be said for China and India. They gleefully pollute and degrade, because they know that they are safe from criticism, due to backstabbing Westerners like Al Gore and, perhaps, yourself.

Speaking of Al Gore, isn't he the type that gives capitalism a bad name? Along with Michael Moore?

To be fair to China and India though, they each represent about 1/4 of the world's population.That's alot of mouths to feed, alot of homes to build, alot of cars to build, etc. etc. etc. To be fair, it would be more appropriate to compare pollution levels produced on a per capita basis. I seem to remember that North America is the worst on that front, and Tokio rated very well on a per capita level.
 

SirJosephPorter

Time Out
Nov 7, 2008
11,956
56
48
Ontario
To be fair to China and India though, they each represent about 1/4 of the world's population.That's alot of mouths to feed, alot of homes to build, alot of cars to build, etc. etc. etc. To be fair, it would be more appropriate to compare pollution levels produced on a per capita basis. I seem to remember that North America is the worst on that front, and Tokio rated very well on a per capita level.


Quite so, Machjo. On a per capita basis, pollution caused by India and China, their carbon footprint is much lower compared to USA and Canada.

Indeed, if India and China had been split into several smaller countries, they would be praised for causing very little pollution. It is because of their huge population ( 7 or 8 times that of North America) that makes it appear that they are the big polluters. The are not.

I think per capita basis, North America is the biggest culprit.
 

Ron in Regina

"Voice of the West" Party
Apr 9, 2008
29,457
11,084
113
Regina, Saskatchewan
To be fair to China and India though, they each represent about 1/4 of the world's population.That's alot of mouths to feed, alot of homes to build, alot of cars to build, etc. etc. etc. To be fair, it would be more appropriate to compare pollution levels produced on a per capita basis. I seem to remember that North America is the worst on that front, and Tokio rated very well on a per capita level.


To be fair, when comparing apples to oranges, or China & India to
North America, the climate of each region must be taken into
account. Something like surviving through Winter greatly increases
an individuals carbon footprint.
 

Machjo

Hall of Fame Member
Oct 19, 2004
17,878
61
48
Ottawa, ON
To be fair, when comparing apples to oranges, or China & India to
North America, the climate of each region must be taken into
account. Something like surviving through Winter greatly increases
an individuals carbon footprint.

True. But ever been to Harbin in winter? It's just as cold as Ottawa. But you are right, that is something worth considering too.
 

SirJosephPorter

Time Out
Nov 7, 2008
11,956
56
48
Ontario
To be fair, when comparing apples to oranges, or China & India to
North America, the climate of each region must be taken into
account. Something like surviving through Winter greatly increases
an individuals carbon footprint.


Not quite Ron. In India it gets very hot. When we were in India, we visited a city called Jaipur. We were told that in summer temperature there goes up to 44 degrees Centigrade (in the shade), 111 degrees Fahrenheit, for the Centigrade challenged. Yet hardly anybody in Jaipur has air conditioning.

Can you imagine anybody in North America not having air conditioning if temperature reached 44 degrees? There probably will be a law requiring people to have air conditioning. There will be government help to the poor to get air conditioning.

It gets very hot in India. If North America had similar climate, its carbon footprint still would be very high. Only instead of heating being the cause of it, it would be air conditioning.
 

Ron in Regina

"Voice of the West" Party
Apr 9, 2008
29,457
11,084
113
Regina, Saskatchewan
Not quite Ron. In India it gets very hot. When we were in India, we visited a city called Jaipur. We were told that in summer temperature there goes up to 44 degrees Centigrade (in the shade), 111 degrees Fahrenheit, for the Centigrade challenged. Yet hardly anybody in Jaipur has air conditioning.

Can you imagine anybody in North America not having air conditioning if temperature reached 44 degrees? There probably will be a law requiring people to have air conditioning. There will be government help to the poor to get air conditioning.

It gets very hot in India. If North America had similar climate, its carbon footprint still would be very high. Only instead of heating being the cause of it, it would be air conditioning.


I have central air. We do usually get warm here in the summer, but only hit +44c
if you factor in the humidity. In the last five years, I've run my air conditioning for
a total (I believe) of 13 days...four years ago for a friend who was pregnant and
camped at my place while I was at work.
 
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