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While our friends in the Liberal party boast about all their wonderful economic initiatives and vow to find those nasty culprits that "killed middle class dreams", we can take a look under the hood and see things maybe aren't as rosy as they promise.
It appears that Canada has had 7 consecutive quarters of contracting real gdp when measured on a per capita basis. Oops. This is fine!
If you think they understated inflation by more than 1%, then itโ€™s been 8 consecutive quarters.
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Me? Question the validity of data provided by Statistics Canada? Never.
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That's why I said "if". I know you're a good little citizen.
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I never question Chairman Trudeau.
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You can tell the economic prospects for the next decade aren't too hot when financial & business leaders have to start begging the government to pressure or force pension funds to invest more domestically, because said funds prefer investing outside Canada for stronger economic returns.
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Great point
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60 sats \ 1 reply \ @jeff 1 May
I see a potential problem, you probably aren't measuring the value-added to society by the most expensive app in North America, and are you sure you are counting the CRA employee growth properly? Theses things add value, you have to include them in GDP.
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You got me. I am ashamed at my oversight. Haha
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I thought this was about cannabis policy lol ๐Ÿ˜‚
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50 sats \ 0 replies \ @gnilma 1 May
I mean... it should be expected, right?
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ouch. It will pick up though. I feel we keep looking at the small picture, a zoomed up view. If we took a look with a wider view, I think we would be okay. Grayruby, why is the price of btc going down?
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My SN screen says 1sat=1sat.
Bitcoin had a lot going in it's favour from last Oct through to the beginning of April. Made a huge move. Too much leverage piled on. Leverage got wiped out and then tax season selling and then you had crypto traders trying to rotate to catch the next rally, then you have outflows from etfs the past couple weeks as early etf holders try to lock in some gains before price tanks. Positive momentum on the way up, negative momentum on the way down. We will find a floor soon in my opinion.
As I already mentioned, Canada won't be among the top ten GDPs by 2026.
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