2012 corporate tax cuts in the spotlight today
Good question posed here: “Will 2012 corporate tax cuts fuel or weaken Canadian economy?” The Canadian Centre for Policy Alternatives says the cuts, which Flaherty’s office claims will take most…
Canadian economy
The zombie-banker lives and roams the earth
Another follow-up; Craig Alexander, TD’s chief economist – it pains me to reference a classic neoclassical bank economist – noted on Lang and O’Leary last night that Canada’s debt to…
We’re in an of economic whirlpool with no immediately conceivable way out
An addendum to yesterday’s post with some additional observations referenced from Tavia Grant’s report in The Globe and Mail today. I suggested yesterday that we’re in an economic whirlpool with…
descending down the pot-holed road of recession towards the sink hole of depression
These remarks of Paul Krugman could easily apply to Canada, for it is essentially homeowners with their massively extended debt load who have bumped our debt to GDP ratio up…
Combined with Harper Regime’s Austerity Program, Continuous Deleveraging of Household Debt Could be a Serious Issue
House prices have been speculatively bid up to 29% over real value with all the low interest, easy credit banks have been only too willing to give us. They’re just…
Housing bubble for Canada?
The Economist thinks Canada is vulnerable: To assess the risks of a further slump, we track two measures of valuation. The first is the price-to-income ratio, a gauge of affordability.…
Our Economic Future
Quite middling. Because it was pretty middling when the leading indicators were running alot higher. Manufacturing was particularly crap, which is bad news for Ontario.
Armine vs. Canada’s Poster Boy for Capitalism
On last night’s Lang and O’Leary Exchange, given that the odds were 3 to 1/2, Armine Yalnizyan held her own against Kevin O’Leary, Canada’s poster boy for capitalism, a bank…
Stimulative austerity bearing fruit in Britain? Not. Nor globally
George Osborne was quick out of the gates with the austerity as stimulus gambit. Which as everybody from myself to Paul Krugman predicted was going to be a flop. Osborne…
Bob Rae on the Economy
Good speech from last week by Bob Rae on the Canadian economy in the global context. It’s short on details, but well aimed in its critique of “ideological islands of…
The economy lab, the dark age of free trade theory, and the naive view on natural resources and economic development
Over at the Economy Lab in the Globe which Failed, which itself has gone from bad to worse, one of the economists they keep in their stable has either produced…
Pathological Commitment to the Ideology of Austerity Brings Only Economic Stagnation
The curse of austerity - thestar.com This is a very insightful analysis of our current situation. Here's a bit of a gloss on it: Neither the private sector nor consummer…
Profit, wage, NDP, and tax revenue growth in Newfoundland and Labrador
Although I covered it off in my rebuttal to the Minister of Finance Thomas Marshall in the last post I thought maybe a graphic would be a more compelling way…
A without prejudice rejoinder to the Minister of Finance
On Wednesday of last week the Minister of Finance for Newfoundland and Labrador Thomas Marshall was interviewed by CBC Central Morning about a report I did for the Newfoundland and…
The 1 % responds: We all have lobbyists!
As the CBC bends over backwards to be fair and balanced they gave the top 1% the opportunity to respond to the Occupy Movement. I will not bother with the…
Global News | Interactive map: ‘Occupy Wall Street’ events taking place across Canada on Saturday
Global News | Interactive map: 'Occupy Wall Street' events taking place across Canada on Saturday "Occupy Wall Street" events across Canada are continuing the movement that began with a small…
Bernake Would Seem to Get It. Does Flaherty?
http://goo.gl/CXd0Y Bernake would seem to get it: laying off government employees creates more unemployment. He also knows that any budget deficit should be constricted over a longer term, that cutting…
The Keeping Canada’s Accountants & Tax Advisors Busy Act
They sure know how to name a statute, these Conservatives: "Minister of Finance introduces the Keeping Canada's Economy & Jobs Growing Act." Think the above suggested title fits the bill…
Serious times: Harper talking recession
It appears that David Cameron's speech yesterday to Parliament made a big splash. Beyond the parts where he played up to Canada and made a case for increased trade and…
Ear to the ground
In the news, a few headlines from today and the last 24 hours or so..."Euro zone crisis? It’s more like Armageddon." It is now morphing into a banking crisis, one…