The next 1929 Crash nobody is talking about... (And the Canadian middle-class)

[DeletedUser394]

I changed the title to reflect the deflect... lol.

lmao, love the randomness. A+

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[joncrx]

BWAHAHAHA!

Well played MJ

 

[mindfulimmortal]

A little known fact is of 2012 (last actual data report) only 2.96% of products we buy in the USA are sourced in China! Yes it might be slightly higher as of today but still not a high percentage. Speaking of import/export the top three exports (from the USA to others) are: Machinery, Computers, and petrochemicals. Food is the fastest growing export today.
One more eye opening fact is as of 2012 online sales is less than 6% of USA retail! So 94% of sales are done old school brick and mortar. Questions becomes should one be chasing online sales when it such a small percentage?

 

[daivey]

huh?

Investopedia is one of the most respected websites on financial matters on the internet.

Also, econ 101: There are two ways to measure wealth (whether you like it or not). These are facts and are not subjective.

1. Income
2. Net Worth


And I don't disagree that the housing market is beyond overvalued. I'm just calling out people that post factually incorrect statements. (ie the original person I responded to, not you).

China does not have 'the wealthiest middle class', regardless of which of the two criterion that one chooses to use. That is factually incorrect on every level. But people love to propagate inaccurate information.

Anyway, if we want to use your preferred criteria (networth), https://en.wikipedia.org/wiki/National_wealth Or you could do nominal GDP per capita. That's the best we can do with regards to measuring net worth.

That's why income is a lot easier and more widely used measurement.

China is not at the top, eh? So he was wrong again

Ps: 3 separate paragraphs mention income in the article that I link to.. I'm done. Going back to stacking money. have a nice day.

i don't care about china in my posts. the article you linked to did nothing to prove or back up your claim. it just said "canada is the highest" but never gave us a figure... which i find odd. also no sources....

there are better articles you could have linked to.

in any case, im not arguing of ways to measure "wealth" but the "wealth" in Canada is pretty BS...

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[DeletedUser394]

i don't care about china in my posts. the article you linked to did nothing to prove or back up your claim. it just said "canada is the highest" but never gave us a figure... which i find odd. also no sources....

there are better articles you could have linked to.

in any case, im not arguing of ways to measure "wealth" but the "wealth" in Canada is pretty BS...

Why so salty?

Ok, seeing as you seem to be fixated on that article here are the 'better articles I could have linked to'.

Perhaps The New York Times, Time, and The Atlantic are better sources?

http://www.nytimes.com/2014/04/23/u...longer-the-worlds-richest.html?abt=0002&abg=1

http://www.theatlantic.com/business/archive/2014/04/how-did-canadas-middle-class-get-so-rich/361053/

http://time.com/72671/why-the-u-s-m...ichest-and-other-fascinating-news-on-the-web/

Not good enough? Here's 4 more sources.

http://globalnews.ca/news/1284297/canadas-middle-class-most-prosperous-in-world-report/

http://www.theglobeandmail.com/repo...orlds-richest-study-suggests/article18090490/

http://www.ctvnews.ca/canada/middle-class-richer-in-canada-than-u-s-report-1.1787386

http://www.dailymail.co.uk/news/art...ds-richest-CANADIANS-taken-over.html#comments

'The idea that the median American has so much more income than the middle class in all other parts of the world is not true these days,” said Lawrence Katz, a Harvard economist who is not associated with LIS.'

I guess you know more about these things than Harvard economists. Anyone can play keyboard warrior

Have a great day

"Wealth in Canada is pretty BS". Nah, just you and your opinion are the only things that are off here.

Maybe now we can actually get back to the dang topic. Not replying to any further comments about this here, and not only because I won't be able to see your replies

 

[joncrx]

Why so salty?

Ok, seeing as you seem to be fixated on that article here are the 'better articles I could have linked to'.

Perhaps The New York Times, Time, and The Atlantic are better sources?

http://www.nytimes.com/2014/04/23/u...longer-the-worlds-richest.html?abt=0002&abg=1

http://www.theatlantic.com/business/archive/2014/04/how-did-canadas-middle-class-get-so-rich/361053/

http://time.com/72671/why-the-u-s-m...ichest-and-other-fascinating-news-on-the-web/

Not good enough? Here's 4 more sources.

http://globalnews.ca/news/1284297/canadas-middle-class-most-prosperous-in-world-report/

http://www.theglobeandmail.com/repo...orlds-richest-study-suggests/article18090490/

http://www.ctvnews.ca/canada/middle-class-richer-in-canada-than-u-s-report-1.1787386

http://www.dailymail.co.uk/news/art...ds-richest-CANADIANS-taken-over.html#comments

'The idea that the median American has so much more income than the middle class in all other parts of the world is not true these days,” said Lawrence Katz, a Harvard economist who is not associated with LIS.'

I guess you know more about these things than Harvard economists. Anyone can play keyboard warrior

Have a great day

"Wealth in Canada is pretty BS". Nah, just you and your opinion are the only things that are off here.

Maybe now we can actually get back to the dang topic. Not replying to any further comments about this here, and not only because I won't be able to see your replies

@MJDemarco please change the thread name to Canada - Our only hope against China ;-)

 

[Jøə]

The Chinese manipulate markets and currencies, but they have nothing on the U.S. All markets in the U.S. are manipulated, from zero interest rates, the most important price signal in capitalism, to "the plunge protection team" that keeps markets from falling, manipulations in commodities, silver, gold, and currency to protect the dollar's world reserve currency status, insider trading, and price manipulation across the board. As soon as interest rates rise, the house of cards will be exposed for what it is. When the market finally has its way, it will make 2008 look like a spring shower.

Yep, people don't realize the US may be the ones reliving 1929 in the not too distant future. The Fed has been delaying interest rate hikes for years now. If rates rise, the stock market has to go down, and people will finally realize that QE doesn't work. It only functions as a caffeine buzz; deceivingly effective in the short term, leads to a crash, and is not a viable alternative to plentiful sleep, a good diet, and a healthy lifestyle. Once foreigners realize that our economy isn't actually recovering, why would they want to continue to hold our debt and get paid with a depreciating currency with no light at the end of the tunnel? We could see a huge decrease in demand for the dollar, and a large reduction in the living standards for the average American. All because some politicians foolishly manipulated the most important price in the economy (price of borrowing money), resulting in unsustainable bubbles.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Ninjakid]

Just chilling here like

 

[Ninjakid]

the "wealth" in Canada is pretty BS...

 

[wbrett1027]

Stock markets crash, I'll be the first one to dump every dollar I have into stocks


Brett.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.