Trade War with China

Status
Not open for further replies.

Dizasta1

Senior Member
Lol
Please, Log in or Register to view URLs content!


“It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike. Take the Victory!”


Not to reign your parade, Trump, but $21 trillion in national debt, fudged numbers on employment, petro-dollar's decline, DJI drop -700 & -500 points on successive days in the past week .. makes for dismal show of progress. It's the opposite. Drink coffee much?
 

solarz

Brigadier
Interest rates have been rising, as you would expect with any heavy debt overhang.

Please, Log in or Register to view URLs content!

That article is out of date, and misses some crucial details.

Demand remains extremely strong in the Toronto housing market. A month ago, a developer office near my home put 85 units of condos up for sale, with a price starting from low 300k. The units sold out in one day. People were lining up outside the office from 5 am, in 0 degree weather. In comparison, townhouses selling for 600k has been on sale for a month now.

Because the real estate prices are driven by interest rates, the feds can effectively control the real estate market. That's why there won't be a bubble.
 

solarz

Brigadier
Hell yeah! All the hippies complaining about oil are hypocrites. They atill drive to or take a bus to their stop drilling rallies or stop pipelines. Type on computers made with plastic parts. Use government services paid for by oil companies royalties.

The problem with hippies and socialists is they eventually run out of other people money.

There are only two ways to generate wealth. The first is resource extraction or growing food. The second is producing good people need by manufacturing. Technology development that supports the improvement in the efficiency of the two activities above or advancement of it also add value by being part of the primary and secondary industries.

While I support Alberta's, and Canada's, exploitation of its natural resources, you cannot deny that continued reliance on fossil fuel is pushing us to the brink of ecological disaster.

Humanity cannot stop using fossil fuels overnight, but they must be used with the understanding that we need to move toward something better.
 

vincent

Grumpy Old Man
Staff member
Moderator - World Affairs
That article is out of date, and misses some crucial details.

Demand remains extremely strong in the Toronto housing market. A month ago, a developer office near my home put 85 units of condos up for sale, with a price starting from low 300k. The units sold out in one day. People were lining up outside the office from 5 am, in 0 degree weather. In comparison, townhouses selling for 600k has been on sale for a month now.

Because the real estate prices are driven by interest rates, the feds can effectively control the real estate market. That's why there won't be a bubble.

You forgot the CMHC. Major source of distortion
 

vincent

Grumpy Old Man
Staff member
Moderator - World Affairs
While I support Alberta's, and Canada's, exploitation of its natural resources, you cannot deny that continued reliance on fossil fuel is pushing us to the brink of ecological disaster.

Humanity cannot stop using fossil fuels overnight, but they must be used with the understanding that we need to move toward something better.

One has to be able to feed oneself first. Banning oil export without building up the alternative source of income is national suicide
 

solarz

Brigadier
One has to be able to feed oneself first. Banning oil export without building up the alternative source of income is national suicide

Yes of course. Renewable energy needs fossil fuel to become mature.

David Suzuki once said environmentalism has reached a dead end. I agree with him, and I believe that it's because what should have been a scientific endeavor has now turned into a political sideshow. Science and nuance has been sacrificed for sound bites and ideological purity.

Nevertheless, this does not change the fact that we need to move on from fossil fuels, and sooner better than later.
 
now I read
U.S. and Canada are deluding themselves: MOFA
Updated 2018-12-17 23:08 GMT+8
Please, Log in or Register to view URLs content!

It is self-deception that both the U.S. and Canada regarded themselves as law-based nations but without any explanation for the detention of a senior executive from China, said Hua Chunying, the spokesperson for the Chinese Ministry of Foreign Affairs, on Monday in a regular press briefing.

Meng Wanzhou, Chief Financial Officer of Chinese tech giant Huawei, was detained in Vancouver earlier this month for extradition to the United States.

At the U.S.-Canada 2+2 ministerial meeting on December 14, Canada's foreign minister Chrystia Freeland claimed Canada's detention of Huawei CFO was “based on the law and international agreements”.

The U.S. Secretary of State Mike Pompeo called the “illegal” detention of the Canadian citizens unacceptable and said that they ought to be returned.

The U.S. and Canada disregarded the fact as well as the rule of law, Hua said.

Canadians with a sense of justice have written letters to the Chinese embassy in Canada, saying the action of Canada government is unreasonable and illegal, while many Americans including economist Jeffrey D. Sachs hinted at the potential damage of this action directly, she added.

China strongly urges Canada to release the Chinese citizen with the protection of legal rights and the U.S. to withdraw the arrest immediately, Hua stated.
 

Anlsvrthng

Captain
Registered Member
Yes. But got to make it, grow it first. Only small societies can be compleltly dependent on trade. And in the end someone still need to make the good, do the research or grow the food.

Doesn't looks well.

The Bond Market Has Frozen: For The First Month Since 2008, Not A Single Junk Bond Prices
Late last week, we reported that in the aftermath of a dramatic drop in loan prices, a record outflow from loan funds, and a general collapse in investor sentiment that was euphoric as recently as the start of October, the wheels had come off the loan market which was on the verge of freezing after we got the first hung bridge loan in years, after Wells Fargo and Barclays took the rare step of keeping a $415 million leveraged loan on their books after failing to sell it to investors.


Please, Log in or Register to view URLs content!

 

Tam

Brigadier
Registered Member
That article is out of date, and misses some crucial details.

Demand remains extremely strong in the Toronto housing market. A month ago, a developer office near my home put 85 units of condos up for sale, with a price starting from low 300k. The units sold out in one day. People were lining up outside the office from 5 am, in 0 degree weather. In comparison, townhouses selling for 600k has been on sale for a month now.

Because the real estate prices are driven by interest rates, the feds can effectively control the real estate market. That's why there won't be a bubble.

This article just came out 8 hours ago.

I prefer to take the macro picture.

Please, Log in or Register to view URLs content!


Canadian Real Estate Sales Drop Over 12%, Vancouver’s Decline Is Almost 3x Larger

"Canadian real estate sales are still dropping. Canadian Real Estate Association (CREA) numbers show home sales falling in November. Last month, only three major real estate markets saw increase on a year over year basis. The rest saw declines, especially in major markets like Vancouver – which led the way lower.
Canadian Real Estate Sales Drop Over 12%
Canadian real estate sales are still falling, and fast. CREA reported 33,318 sales in November, down 15.25% from the month before. Sales across the country are now down 12.54%, when compared to the same month last year. The decline is the eleventh consecutive month for declines, and is likely to continue."

You only have three markets that have higher sales this year, the rest have double digit downs. Vancouver which is the epicenter of Chinese real estate investment in Canada is down by 3X.
 
Status
Not open for further replies.
Top