@ManyBeenRinsed I type this as someone who thinks you know your stuff.
Compare the GDP data and the payroll survey data. Warehousing and transportation GDP: +1.2% m/m. Warehousing and transportation payroll: -1.6% m/m.
Unless trucks are driving themselves now, the GDP data is wrong.
Is there a source that tracks oil reserves with any sort of accuracy? Is it possible that the US is manipulating the oil price with seized barrels from Venezuela's reserves? @Rory_Johnston@RichardDias_CFA
@farwell_WR You want a smaller wealth gap? More cheaper stuff. You want more cheaper stuff? Less market manipulation. Less market manipulation = more business formation. You're looking for a better Band-Aid that only increases the gap for my kids in 20 years.
@farwell_WR "because if we don't have enough wealth in the economy then we can't redistribute the proceeds." And then you argue for price controls on gas in your monologue. Pick a lane, Farwell, pick a lane.
@farwell_WR Capitalism does not fail when paired with a pure democracy. Capitalistic principles brought down feudalism and fostered Rule of Law. Capitalism wobbles, however, when the invisible hand is slapped by intervention by the most invested in that marketplace.
@farwell_WR Your version of capitalism peaked under The Competition Act of 1985 and it's been watered down ever since, regardless of amendments. Capitalism is near perfect when it benefits the "lowest invested interest", not the most invested interest. 2/2
@farwell_WR Banks. Airlines. Grocery stores. Telecommunications. Concert tickets. Pick any. The redistribution happens now via share price and dividends. Your argument is not rooted in the imperfection of capitalism but rather the mechanisms governments pull for votes. 1/2
@jshmuel Doug Ford will likely go down as the best politician to politic externalities without actually addressing the issues therein in Canadian history (honourable mention to McGuinty who created solutions to non-Ontario problems)
@GavMcCracken @ChaosOptions @calvinfroedge I don't know much about all this Boiler Room chatter but I can attest to stealing $APM.TO in mid summer and going 3x this far. Shrug.