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Deja-Vu Eh? Canadian Stocks Plunge To 2-Year Lows
Canadian stocks are down 15% from their highs in 2008 (and down 18% from the 2014 highs) as the blowback from a collapsing energy market ripples across the entire "not unequivocally good" economy. However, perhaps more worrying is the 2008-esque dynamic playing out almost perfectly for America's northern neighbor...
Canadian stocks are at a 2-year closing low...
Deja vu, eh?
Charts: Bloomberg
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oh CanaDUH!
Strange that all the genuine hosers are in NYC, Washington DC., and the City of London Corp..
At least someone knows when to get out...
The currency has been warning for months now......that Canada will slow down.....and eventually go down.
...and can't say we will feel too bad for them. CanaDUHians are a bunch of self-rightous, elitist pricks with little bragging rights to back up the ego (and teh we is a CanaDUHian too).
@Coinhead.
I am one, and sadly, I can't disagree with you.
hey dickhead fuck off
Zero - you got the sentiment right, but it needs more bacon and maple syrup flavor.
How 'bout " Hey, you hoser dickhead, fuck off, eh ? "
Coinhead -
You do a disservice to all Canadians by claiming their nationality as yours.
Fuck me running - you, and Justin Bieber, Canadians.
Thank God they also sent us:
Don Cherry ( God of Hockey, the Sport of Kings )
Neil Young ( rock and roll )
Bob and Doug Mackenzie ( Beer, and take off, eh, you hoser. )
Lorne Greene ( Bonanza ),
Alexander Graham Bell ( invented the telephone ),
Frederick Banting ( invented insulin ),
Rob Furlong ( who held longest recorded shot by a sniper on record for a long time, at 2,657 yards - while serving with distinction in Afghanistan - because Canadians aren't pussies. )
On behalf and for defense of all Canadians every where, I say to you, mister Coinhead " I fart in your general direction, your mother smells like elderberries, and, take off, eh ? You hoser.
You missed Wayne Gretzky, Mike Meyers, Jim Carrey, Dan Aykroyd, Pamela Anderson, and Mario Lemieux.
and Alex Trebek
I know, I know - the list of good to bad is enormous. I just threw in a few good ones. please add to the list so Americans don't hate Canada for Bieber and Coinhead.
coinhead is a virtualized Netizen from teh internet.
THE FAKE CRYPTO CANADIAN
The Ballad of The legend Fonestar, deceased,
And His Reincarnation, The Evil Henchman, Igor Teh COINHEAD
" I like Shitcoin,
It's for real,
And the Fed,
Is never gonna steal.
Mah munnies gud,
Teh blockchain's solid,
I feel Coinhead's wood,
Said a guy named Walid.
Muh diapers r white,
Teh basement is cuhl,
Les Cheetos diet rite,
Playin wit me tool.
I's teh baysment troll,
On teh Zero Hedge,
Till teh day I fawl,
Off teh high rise ledge.
Mah crypto is reel,
Saez teh Goldman Sachs
Till teh day I feel,
Teh takes it backs.
Teh net fell down,
In two zreo one six,
I lost muh azz,
When teh crypto kicks.
Now I sells meh azz,
For teh Fed bux needed,
TU buh muh Cheetos
Fo muh face tu feeded.
End uv muh storee
Is buh teh silver
So's u hev teh hedge
When electron's r over. "
Haha very good =]
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Poutine.
Tons of playmates.
French Canadian women.
Funniest comedians eva.
Lacrosse.
Back bacon.
Good beer.
Good rye.
You can grow a plant in your back yard, talk with those two guys who seem to have a house together and you don't really give a @#$%.
Pretty relaxed folks until they get riled up. (Don't ƒµç? with their cable bills!)
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V-V
Don't BTD....
Not quite. There was some price discovery left in 2008/2009...
not any more motherfuckers.
I went to Wal-Mart today and discovered all the prices were up.
That's unpossible as everyone knows that there is no inflation...
it was negative deflation because a negative times a negative equals a positive.
So are you saying it was a bad time for me to purchase a Hybrid car?
with 84 months financing and 0% down.. what could go wrong?
Well, 72 months with $0 down and 0% interest. Who says the bankers are the only ones who get money for nothing.
The best part was when I realized they would give me an extra $1,000 rebate if I took the free money rather than pay in cash. With no prepayment penalty I can pay it off immediately. Essentially they paid me $1,000 to wait a month to pay for the vehicle. Too funny.
I have been wondering if I ticked the top.
Dealers get a fee when they option a car loan to a bank, when you pay it off early the bank loses twice, the interest and the fee.
Nice to know I am giving a banker the shaft. Though in this case there was/is no interest.
ZH just ticked the bottom on the TSX. Load up!!
Like Gartman on steriods.
Santa's passing out so much coal this year that Barry will have him put on the terrorist watch list for being a global warming threat to humanity.
Great... another ZH "U R Here"... these always fail to come about.
The TSX is really a mining/natural resources index.
rocks, trees, oil
always has been, always will be
Meanwhile in another iniverse universe....the plan is for the chinese to keep pouring people and money into the Tor/Van RE markets which will conteract the negative tar sands drag. Personally I have no idea anymore but for many others, (with much parroting and not a lot of thought), this seems a perfectly sane business model.
A West side Single family dwelling in Vancouver cost $1 million+ 15 years ago when Oil was under $20.
The chinese have a lot of money but $1B people to share it with and their only great income is building worthless shit. It's economy is failing and the PBoC is running on fumes. Euther they revalue to gold or they crash too.
Canada is crashing, Brasil is fucked, Europe is spending $75B/month on buying toxic debt in the form of Greek bonds.
Everyong is unemployed in all the "1st world nation-states". The consumer is gone. There aren't that many wannabe millionaires.
China produces far more than "worthless shit".
They are the parts, specialty, and raw material manufacturer for the rest of the world.
Job,
Not sure those numbers prove a point one way or another. Inflation has doubled easily in 15 years, so I suppose 2x20 and 2x1,000,000, are probbaly somewhat in line. And the flow from asia into Van. (and less so from Eastern Can.) has been going on for a lot longer than 15 years. Don't forget the notorious Hong Kong police episode, among many others. The question is what might make that flow slow and if it does, the implications, especially if the demand for Canada's raw materials, especially Alberta's tar, remains subdued for a prolonged period.
I live in BC, and frankly I don't care what happens to Alberta, BC real estate has gone up while Alberta has gone boom and bust 3 times. maybe some rubes in Okanagan will be hurt, but sending Albertans packing is good news all around here.
I know that in a city just outside of Toronto (Waterloo, with LOTS of Chinese), a person recently walked into the sales office of a new condo and put a deposit down on 50 units....
These condos are used by their kids when they are at University of Waterloo, better known as Waterwoo
Note that Waterloo is a tech hub in Canada, where Blackberry was founded and where Google is just setting up a huge office.
I know not how the TSX isn't down another 15% from here alone. Money flew out of Canadian equities beginning of year.
Give it a month.
So Wall Street created a strong dollar - which Timmy said would happen - and kept stocks high, while bringing oil and gold lower.
I think Bernanke is a little smug, but he did his masters happy. He printed trillions of dollars anually and Wall Street did what they will. They kept the US consumer economy running on easy loans, low interest and high stock gains.
The only question is, how long will it last.
Say what you want about Canadians, but what other sport(besides actual fighting sports)can you go watch two or more bare knuckled fights per game?
Toss in a dozen cross checks, hip checks, and other agregiously violent acts and it's hard to see why hockey isn't #1 in the US.
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Sorry folks, but 13040 takes you back to the days of January 2007.
Sent a snap from yahoo finance to friends this morning, who'd put that monthly installment into their RRSP like clockwork.
Love to see the returns of $100 invested monthly into the TSX since 2007.
Ziltch?
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V-V