September 7, 2018
February 20, 2018
April 6, 2013
I had shown earlier that the federal government can easily take on $2 trillion of new debt.
We aren't close: Total debt isn't even at $2 trillion yet.
As I wrote before, at least once each decade, people seem to believe the sky will fall and the world will end.
Read the Forbes article I mentioned. Learn why hyperinflation Armageddon didn't happen after the US injected trillions into their economy after 2008.
February 20, 2018
Classic Norm's Forbes piece:
"Since 2008, public companies haven’t reinvested most of the borrowed money. Nor have they spent it to raise wages or add jobs. Instead, they’ve used that money to buy their own shares and artificially pump up their prices."
"Fun fact: for most of the 2010s, the companies themselves became the #1 buyers of stocks. They bought more stock than individual investors, foreign investors, and even institutional investors"
Norman1 said in post classic:
"For context, the total federal revenue is around $300 billion a year. $2 trillion of debt is about 7 years of income.
How precarious would it be for someone earning $50,000 a year to have 7 x $50,000 = $350,000 of debt?"
March 30, 2017
September 30, 2017
December 20, 2016
November 19, 2014
Actually, no. It is a huge pain in the ass to have to go through 4 pages of drivel to find a few relevant postings.
If people wish to discuss other topics, START OTHER THREADS. It's not hard for gods sake and actually benefits the forum instead of wasting other members time by polluting existing threads.
November 7, 2014
I totally agree with Koogie. Same thing happened in Wealth One Bank thread. A thread about a 2.88% GIC developed into discussions about the current TSX, CDIC and bank bailouts.
I have no problem with any of these discussions, but in their own threads. It gets to a point where you really have to dig to find the details you're looking for based on the thread heading.
November 21, 2015
September 11, 2013
This thread, like most, went off original topic a long time ago, about post #10, so why are people waiting until now to point that out? If you're concerned with drift bring it up as soon as it happens. Then we'll just end up with lots more, shorter threads and then folks will be complaining about having to wade through them all to find the few specific threads they're interested in.
I'm with those who recognize mature adult conversations morph - a different but related point is brought up, then another different but related point to that one arises, and so on until we're way off the original topic. That's one thing that makes social gatherings fun, conversational messiness is part of free expression and allows for lots of ideas to be expressed. I think Peter does a sterling job of cutting in when needed, good enough for me.