Search found 5538 matches

by ghariton
17 Aug 2017 12:13
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 178
Views: 10275

Re: Clippings 2017

The left thinks that increases in the minimum wage have no impact on jobs and makes workers better off. The right thinks that increases in the minimum wage lead to loss of jobs and increases in the unemployment wage. Past studies have tended to show little impact either way. The problem with those s...
by ghariton
15 Aug 2017 18:46
Forum: Financial News, Policy and Economics
Topic: NAFTA Renegotiation
Replies: 34
Views: 1718

Re: NAFTA Renegotiation

U.S. media have taken note of the opening Canadian position. They run from the neutral like the New York Times to negative reactions, such as this one from Reason . In passing, I note that the Canadian objectives seem to make no mention of intellectual property rights. Perhaps the present government...
by ghariton
15 Aug 2017 13:17
Forum: Financial News, Policy and Economics
Topic: NAFTA Renegotiation
Replies: 34
Views: 1718

Re: NAFTA Renegotiation

Canada makes public its top ten demands ahead of the start of NAFTA renegotiations. (1) A new chapter on labour standards. We want to make this part of the main agreement, instead of a side agreement. The U.S. is onside. This is really aimed against Mexico. (2) A new chapter on environmental standar...
by ghariton
11 Aug 2017 20:28
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 178
Views: 10275

Re: Clippings 2017

Consumption and Income Inequality in the U.S. Since the 1960s This paper claims that inequality in the U.S. has been growing much more slowly when measured in terms of consumption than in terms of income. ISTM that consumption is at least as important as income. After all, the only point of earning...
by ghariton
04 Aug 2017 23:10
Forum: Financial News, Policy and Economics
Topic: cryptocurrencies and mining
Replies: 9
Views: 212

Re: cryptocurrencies and mining

I have enough problems getting my head around fiat currencies issued by governments/central banks. Cryptocurrencies are too much of a stretch for me.

George
by ghariton
04 Aug 2017 23:08
Forum: Retirement, Pensions and Peace of Mind
Topic: Retirement - is it over-rated?
Replies: 263
Views: 13495

Re: Retirement - is it over-rated?

First, I agree that there is no difference between a highly paid employee and a lower paid employee when it comes to the challenges associated with transitioning into non-paid-work life (I would say "retirement" but that's just a different form of structure). ISTM the real difference is between emp...
by ghariton
03 Aug 2017 22:14
Forum: Financial Planning and Building Portfolios
Topic: good afternoon. seeking advice for a rrsp portfolio build
Replies: 12
Views: 475

Re: good afternoon. seeking advice for a rrsp portfolio build

There are inverse ETFs that go up when the market goes down and vice versa. Indeed, some go up twice as fast when the market goes down. As far as I know, these focus on U.S. markets rather than Canadian markets. That said, these products are not intended for long holding periods, only for very short...
by ghariton
03 Aug 2017 18:03
Forum: Financial News, Policy and Economics
Topic: NAFTA Renegotiation
Replies: 34
Views: 1718

Re: NAFTA Renegotiation

Put the Pacific ocean between us and the subsidized farmers in Wisconsin; and put us next door to China; and then we can talk about getting rid of supply management. I don't agree. If the U.S. government wants to subsidise Canadian consumers of milk and dairy products, we should welcome that. Maybe...
by ghariton
03 Aug 2017 16:49
Forum: Retirement, Pensions and Peace of Mind
Topic: Retirement - is it over-rated?
Replies: 263
Views: 13495

Re: Retirement - is it over-rated?

Volunteering, seriously? I'm on the boards of three not-for-profits, and considering joining a fourth. This last one is a bit tricky. They are consumer advocates, which I strongly believe in, but they lean a bit further to the left than I am comfortable with. Perhaps I can influence them, nudging t...
by ghariton
02 Aug 2017 23:44
Forum: Financial News, Policy and Economics
Topic: NAFTA Renegotiation
Replies: 34
Views: 1718

Re: NAFTA Renegotiation

I'm fully aware of how the original quotas were handed out. So were purchasers. They felt there was value in owning them anyway. Too bad they ended up being 'the greater fool'. Sure, they thought that there was value in buying quota, even at the ever-higher prices being charged. But re,=member that...
by ghariton
02 Aug 2017 14:25
Forum: Financial News, Policy and Economics
Topic: NAFTA Renegotiation
Replies: 34
Views: 1718

Re: NAFTA Renegotiation

We in Canada do not look at the policies of other countries in fields such as agriculture, health care, cultural policies, and so on. We in Canada have the TruthTM. Therefore it would be a waste of time to see how others do these things.

George
by ghariton
01 Aug 2017 18:20
Forum: Taxing Situations
Topic: Investment income in a CCPC
Replies: 730
Views: 66057

Re: Investment income in a CCPC

All very well and good but not really sure how that addresses the point I was making that these changes in legislation are going to affect a helluva lot more people than just doctors. It certainly would have affected me if I hadn't wound down my CCPC last year, and I'm not a medical doctor. Perhaps...
by ghariton
31 Jul 2017 12:04
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 178
Views: 10275

Re: Clippings 2017

Larry Swedroe has a piece that describes, once again, that the market gurus and other experts can't forecast better than random: Unfortunately for investors, there’s a whole body of evidence demonstrating that market forecasts have no value (though they supply plenty of fodder for my blog)—their ac...
by ghariton
31 Jul 2017 10:56
Forum: Retirement, Pensions and Peace of Mind
Topic: Retirement - is it over-rated?
Replies: 263
Views: 13495

Re: Retirement - is it over-rated?

This is an interesting article. Over time I'm becoming closer to this point of view than the "retirement is the best thing in the world" perspective. It may be correlated to age or lack of any daily structure. What if retirement makes you miserable? Thank you for the link. I can identify with much ...
by ghariton
29 Jul 2017 13:44
Forum: Financial News, Policy and Economics
Topic: NAFTA Renegotiation
Replies: 34
Views: 1718

Re: NAFTA Renegotiation

BTW, in the great free enterprise nation south of us, Congress forks out billions of dollars in farm subsidies. That's so much better then supply management, because they can then dump their subsidized surpluses on our market at below cost. :roll: I don't support the U.S. system of subsidy either. ...
by ghariton
29 Jul 2017 00:38
Forum: Financial News, Policy and Economics
Topic: NAFTA Renegotiation
Replies: 34
Views: 1718

Re: NAFTA Renegotiation

As a compromise, I suggest government buy back all quotas at the price originally paid by current farmers, i.e. book value (without goodwill). Randomly call in 10% of the quotas each year, and allow imports to replace double that amount each year. No other compensation. George Why not, as a comprom...
by ghariton
25 Jul 2017 18:44
Forum: Financial News, Policy and Economics
Topic: How does fractional reserve banking increases money supply?
Replies: 14
Views: 356

Re: How does fractional reserve banking increases money supply?

I agree with almost all that longinvest wrote :wink: The characterization of good and bad debt in terms of vale-added works well for enterprises, but less well for households. About the only "productive debt" incurred by individuals and households is borrowing toward education and other increases in...
by ghariton
23 Jul 2017 14:10
Forum: Financial News, Policy and Economics
Topic: Printing or removing currency by Federal Reserve
Replies: 1
Views: 203

Re: Printing or removing currency by Federal Reserve

First, distinguish "money" from "currency". Currency consists of paper (or plastic) bulls plus metallic coins. Money includes this and a host of electronic forms. When a central bank wants to create money, it usually buys bonds and credits the value of the purchase to the purchaser's account, usuall...
by ghariton
20 Jul 2017 17:18
Forum: Taxing Situations
Topic: Investment income in a CCPC
Replies: 730
Views: 66057

Re: Investment income in a CCPC

I'm an MD that graduated last year. I haven't incorporated yet as I still have some debt to service but if this goes through is there any reason to incorporate at all? I can't income split as my partner makes lots. As far as I know, lowering income taxes was the main advantage of incorporating for ...
by ghariton
19 Jul 2017 21:25
Forum: Financial Planning and Building Portfolios
Topic: Outstanding Financial Pornography
Replies: 622
Views: 107038

Re: Outstanding Financial Pornography

FWIW, I would expect the rates of return on family-controlled businesses, as earned by external shareholders, to be slightly higher that rates of return on widely held businesses. The reason is that shareholders in family-controlled (or any narrowly controlled) businesses are exposed to an extra ris...
by ghariton
19 Jul 2017 16:52
Forum: Retirement, Pensions and Peace of Mind
Topic: Best DB Plan?
Replies: 6
Views: 334

Re: Best DB Plan?

DB plans are sometimes known as 'ball and chain', 'golden handcuffs', etc. From what I experienced (so anecdotal) DB plans did indeed act as golden handcuffs. Indeed, I was told that many DB plans were designed that way. This can have the unfortunate side effect of incenting people to stay in jobs ...
by ghariton
17 Jul 2017 22:38
Forum: Taxing Situations
Topic: Budget 2016
Replies: 52
Views: 2011

Re: Budget 2016

Ah, but is there anything in there for restrictions on use of CCPC's? The scuttlebutt pre-budget was along the lines of needing at least 3 arms length employees to get value from CCPC....not that I am against putting the squeeze on those who used it primarily for income splitting. There was a bit o...
by ghariton
17 Jul 2017 21:50
Forum: Financial News, Policy and Economics
Topic: NAFTA Renegotiation
Replies: 34
Views: 1718

Re: NAFTA Renegotiation

Read the document itself. Once you get past the cover, introduction and table of contents, it's only 14 pages long, and an easy read. First, this is very high level. The devil will be in the details, which will likely only come out during the negotiations. We must be patient. Second, at this high le...
by ghariton
16 Jul 2017 13:53
Forum: Retirement, Pensions and Peace of Mind
Topic: Investment changes in retirement
Replies: 132
Views: 3533

Re: Investment changes in retirement

Not only can equities have negative real returns for extended periods of time, so can bonds and other fixed income. In fact, if there is unanticipated inflation, bonds can suffer much more than equities. Similarly, wars and changes of regime can completely wipe out bonds, while equities do retain so...
by ghariton
14 Jul 2017 13:19
Forum: Retirement, Pensions and Peace of Mind
Topic: Investment changes in retirement
Replies: 132
Views: 3533

Re: Investment changes in retirement

I just imagine what my wife would say if I told her than we lost more than half of our portfolio which we accumulated through hard work and savings. I remember losing 12 per cent of our portfolio over two consecutive days in 2001 part of a cumulative loss of 66 per cent). When I told my wife the se...