Justin Trudeau running for Liberal leadership

[Flames in 07]

Originally Posted by Zulu29

Ok, first off I used to work in the patch in northern BC and Alberta so I'm not "anti-Alberta and anti-oil".

And I don't profess to be a business or economics expert however I think we all saw what speculation and "pumping" up of stocks led to in the world economy in 2008.

Just because I posted a globe and mail article doesn't mean I don't get info from other sources either.

I didn't say you did. I said the G&M is anti alberta and anti oil.

I'm sure you get info from lots of places, but posting a G&M article to prove a point about the true value of the CAD is not credible. Nothing against you, just your source is a hot steaming pile of garbage.

My point is that the CAD is not artificially inflated, its current value is a true representation of its value. If it wasn't those speculators, would adjust its true value by way of selling the crap out of it.

What happened in 2008 has nothing to do with the CAD value being over or under or truly valued in the marketplace. 2008 exposes massive flaws in market economies and democracies, but none of those flaws have to do with 2013 CADs.

[MarchHare]

Originally Posted by Zulu29

How did the liberals plan on devaluing the currency?

I would also like an answer to this question.

My layman's understanding of economics leads me to believe that it's the Bank of Canada -- not the party in power -- that can most directly influence the value of the dollar through measures such as changing interest rates or altering the monetary supply. What did the Liberal governments of 1993-2006 do that devalued the currency? Be specific.

[Zulu29]

So sick of the Cons, Flaherty just interfered with a financial institutions ability to operate in a free market. What a farce. He praises Canadian banks on one hand for being prudent lenders then tell them that their borrowing rate is too low on the other. Heaven forbid we save a few bucks on our mortgages. So ridiculous.

[Jacks]

Originally Posted by Zulu29

So sick of the Cons, Flaherty just interfered with a financial institutions ability to operate in a free market. What a farce. He praises Canadian banks on one hand for being prudent lenders then tell them that their borrowing rate is too low on the other. Heaven forbid we save a few bucks on our mortgages. So ridiculous.

There are plenty of regulations that affect a banks ability to operate in a free market. While I don't necessarily agree with the move I think the idea is to stave off a rate war amongst the banks. There is concern that people are already overborrowing in this low rate climate and could be in trouble when the rates inevitably go back up. Considering that the government guarantees the majority of these mortgages I don't think it's an extreme position. That being said I prefer to let free markets remain as free as possible.

[transplant99]

Trudeau would sure fix things right up though... "just watch him".

Its not enough he is riding daddys coattails....now he is even using one of his more famous catchphrases.





http://www.thestar.com/news/canada/2..._airplane.html

[zamler]

What an arrogant doosh, without the smarts and political savvy of his father.

[Slava]

Originally Posted by zamler

What an arrogant doosh, without the smarts and political savvy of his father.

That's arrogant? What do you expect him to say here? "No, I actually don't think so. In fact if you elect me as leader I'll probably lose and we might not even get back to official opposition."

[zamler]

Originally Posted by Slava

That's arrogant? What do you expect him to say here? "No, I actually don't think so. In fact if you elect me as leader I'll probably lose and we might not even get back to official opposition."

LOL, just lol.

Aunt Sally dialed up to 11. How about he comes up with some original thoughts instead of thinking he can just invoke phrases from his father and waltz in and become PM. That's about as arrogant as it gets.

[Slava]

Originally Posted by zamler

LOL, just lol.

Aunt Sally dialed up to 11. How about he comes up with some original thoughts instead of thinking he can just invoke phrases from his father and waltz in and become PM. That's about as arrogant as it gets.

Again though, of course this is his sentiment. I have no doubt that any politician, whether they think they can actually win or not, is going to publicly tell everyone that they will. Its not arrogant, its just common-sense. No one will support a candidate for leader of any party if the candidate says anything other than that.

You think that Harper would've said anything else if he were asked in 2003 whether he could beat the Liberals? Would Mulcair have a different reply today, or even Elizabeth May?

[MarchHare]

I've been quite clear that I'm no huge backer of Trudeau, but you guys are really grasping at straws if you think how he signed that note is in any way meaningful at all.

[Daradon]

Here's what I don't get about the rate manipulation. Why wouldn't they just have the BoC raise their rate. The banks would follow suit and it wouldn't be so heavy handed. I thought the Canadian lawmakers were more in charge of the BoC than the division they have down south. Someone here probably knows the finer points.

[Senator Clay Davis]

Of course had Trudeau signed the letter "Nah kid, I'm gonna get my ass kicked", the people calling him arrogant would call him some other name. We get it, every time the name Trudeau comes up you wanna strangle a kitten.

[Slava]

Originally Posted by Daradon

Here's what I don't get about the rate manipulation. Why wouldn't they just have the BoC raise their rate. The banks would follow suit and it wouldn't be so heavy handed. I thought the Canadian lawmakers were more in charge of the BoC than the division they have down south. Someone here probably knows the finer points.

They can't raise rates at this point because it would likely cause too much tightening and quell whatever recovery there has been to this point. This is the main issue; they have to get some inflation going, but not too much. Flaherty doesn't want Canadians to keep borrowing (but we are), so he's meddling in the markets.

I would love to know what the "conversation" was between Manulife and Flaherty yesterday though. That would be very interesting to say the least.

[MarchHare]

Originally Posted by Daradon

Here's what I don't get about the rate manipulation. Why wouldn't they just have the BoC raise their rate. The banks would follow suit and it wouldn't be so heavy handed. I thought the Canadian lawmakers were more in charge of the BoC than the division they have down south. Someone here probably knows the finer points.

The government can't manipulate BoC interest rates. Only Mark Carney has that power, and he operates at arm's length from the government.

[zamler]

Originally Posted by Slava

Again though, of course this is his sentiment. I have no doubt that any politician, whether they think they can actually win or not, is going to publicly tell everyone that they will. Its not arrogant, its just common-sense. No one will support a candidate for leader of any party if the candidate says anything other than that.

You think that Harper would've said anything else if he were asked in 2003 whether he could beat the Liberals? Would Mulcair have a different reply today, or even Elizabeth May?

It's the way Trudeau is going about things. He has almost no substance at all, running 90% on his last name. So he invokes a famous phrase from his father and tosses in that he's going to beat Harper. Yes that's arrogance, and not a good kind either.

It's also extremely stupid because the more Justin drags up images of his Father, the more he is going to polarize and worse alienate voters that would rather toss themselves off a cliff than see Canada return to the days of PET.

[Slava]

Of course he's running on his last name though. If Ben Mulroney were running he wouldn't be promoting his time on Canadian Idol!

[Senator Clay Davis]

Originally Posted by zamler

So he invokes a famous phrase from his father and tosses in that he's going to beat Harper. Yes that's arrogance, and not a good kind either

Umm, you do know that was the question the kid asked right? Would he prefer he just not answer it? Or would a simple, boring "Yes, I will" have been better? Grasping at straws indeed...

[burn_this_city]

I think the note is a non-issue, not sure anyone I know would care. Aren't politicians supposed to have some level of bravado?

[Daradon]

Originally Posted by Slava

They can't raise rates at this point because it would likely cause too much tightening and quell whatever recovery there has been to this point. This is the main issue; they have to get some inflation going, but not too much. Flaherty doesn't want Canadians to keep borrowing (but we are), so he's meddling in the markets.

I would love to know what the "conversation" was between Manulife and Flaherty yesterday though. That would be very interesting to say the least.

Yeah, I understood that reason. Basically skirting the system to get the best of both worlds then.

[Daradon]

Originally Posted by MarchHare

The government can't manipulate BoC interest rates. Only Mark Carney has that power, and he operates at arm's length from the government.

Yeah that's more what I was wondering. Doesn't the finance minster have some sway though?