Layton a no show!
back_blastnet @ Wed Oct 08, 2008 10:38 pm
livefreeordi livefreeordi:
I wouldn't be surprised if he was being tutored in economics 101 and the class
ran late.
His lambasting of Harper's comment that "there may be some good buys on the TSX"
shows his utter lack of understanding of the stock market.
Guess what Layton, the prudent investor buys low and sells high.
What's your advice Layton? Canadians should wait until the market
reaches it's peak before they buy?
What an azz-clown.
ran late.
His lambasting of Harper's comment that "there may be some good buys on the TSX"
shows his utter lack of understanding of the stock market.
Guess what Layton, the prudent investor buys low and sells high.
What's your advice Layton? Canadians should wait until the market
reaches it's peak before they buy?
What an azz-clown.
Jack knows the point but I think YOU missed his point. The current market situation is being ruled by fear so many people are throwing away perfectly good stock and taking losses. So of course for a shrewd investor there is a lot of possibilities for good buys.
Jack's point was that Harper is an ASS for saying so and it proves how completely out of touch he is. His mind is on a few rich guys getting richer instead of the rest of us that don't have stocks or who's pensions and savings are getting blown away because of a lot of people in other countries are making stupid decisions.
I will concede that New Democrats are generally terrible at articulating their economic plans though they are well planned and thought out. For the NDP its just so much easier to talk about Healthcare, Education, the Environment etc.. Just as Conservatives are much more comfortable taking about Money, but not about the rest. The Liberals are kinda like the All in One printer. It does everything but none of it well enough.
Within the party I'm one of the voices that keeps saying "It doesn't matter what you promise them if they don't think you'll have the money to make it happen."
It has gained traction and you've probably noticed that Jack has been talking a fair bit about the economy, you may not have noticed that the price tag on the NDP platform is smaller then that of the Liberals.
back_blastnet @ Thu Oct 09, 2008 12:53 pm
Umm. Ok so you are far from rich, but you are in the market. If you were to pull out now you would be accepting losses. So your own retirement is currently in worse shape then it was. Whether you pull out now or not, as it stands there are losses. If you stay in you may get it back and more, but you could potentially lose more.
It doesn't take banks going under for people to lose their retirements. For years businesses have been allowed to underfund their employees pension funds those eventually become large liabilities. As many of them go close up shop their employees pension funds become creditors like anyone else and often near the bottom of the pile.
Last year I worked with a man who had worked for Abitiby Consolidated for 37 years, he was in his late 50's and during a restructuring the company was allowed to wipe out a large amount of their pensions. So now he's in his late 50's most of his pension is gone and he doesn't have many years to shore it up before he has to start relying on it. Furthermore he'll probably have to move to another town and get retraining in order to get back to a similar income.
It doesn't take banks going under, we've already lost hundreds of thousands of manufacturing jobs in the past several years. A recent study showed that in Toronto only 33% of neighbourhoods are identified as middle class. That number was over 60% in the 1970's.
The bank of Canada announced a half percent drop in interest rates. Naturally the chartered banks are pocketing half of that and only passing on a 1/4 percent drop in their own interest rates. Just another wonderful example of excess while the rest scramble around for the scraps.