Trump Finally Admits To Being Full Of It

[Nine_Ender]

That is the harsh reality of the situation. Without a large market for raw goods, Canada is effectively doomed. Without services being offered by companies in the U.S. and cross-border workers - Canada tanks immediately. Without tie-ins to U.S. financial infrastructure, Canada's large 6 banks go under within two months.

Let Canada go whine about the U.S. trade policies and mouth the words "trade war" all they want --- within a few months, reality with hit them and they will toe the line.

Reality check on our banks. They have much stronger balance sheets and prospects then most of your American banks. Several have bought out failing US banks since 2008. TD Bank actually has a large presence in the US now. Canadian banks have ZERO reliance on US financial infrastructure, if their US operations went to ZERO they'd still be profitable enterprises with rising dividends and equity long term.

Why do you post this nonsense ? What is the point ? Trolling with some outright lying mixed in just makes you a troll at best and a delusional prick. if you believe all the shit you post. I tried to give you some credit but you aren't coming off as very bright in these conversations. I'm dead serious about this. Not one Canadian bank was in danger in 2008/2009 on any level.US banks, some of the biggest, would have gone under without government intervention.

 

[gwb-trading]

You are not a reasonable person, you are basically a troll in nature. Bombardier is one of the most mediocre companies in Canada, it's a family run business that would have gone bankrupt without subsidies ( reminds me of most Trump businesses ). However, Trump feared them enough to slap a 300% tariff on their planes. The tie in with Airbus is very recent, a direct response to the tariffs. The tariffs were actually declared unfair by international agencies. Many sources also contend that Boeing had been heavily subsidized when it was building.

It's not the Canadian media declaring a "trade war" will impact the US. The main voices in that discussion are American industry leaders, state and city government officials, American trade related industry groups, and the Canadian equivalents. All the media does is report on that reality.

The truth hurts little Nine_Ender, eh?

Selling C-Series planes to Delta for $19.6m each, below their $33.2m production cost -- is the classic definition of dumping and why the anti-dumping duty was put into place.

Bombardier is a family owned business, eh? Bombardier Aerospace is a division of Bombardier Inc which is traded on the TSX exchange as BBD.A & BBD.B and is a S&P/TSX 60 component.

How many billions more of public money is the Canadian government going to dump into Bombardier.

 

[Nine_Ender]

Just re-read it and he's also admitting to his administration being stupid and making shit up to sound smart among his peers.

Thought he meant it as we're "being taken advantage of" kind of bs at first.

He's like some of the idiots on here like gwb_trading. It's all ego and bluster. Hard to know how much of it is trolling the world and how much of it is genuine delusion and ignorance. Doesn't seem smart to put these guys in charge though; better they do something like try to rule the world of IT network engineering or security.

 

[gwb-trading]

Reality check on our banks. They have much stronger balance sheets and prospects then most of your American banks. Several have bought out failing US banks since 2008. TD Bank actually has a large presence in the US now. Canadian banks have ZERO reliance on US financial infrastructure, if their US operations went to ZERO they'd still be profitable enterprises with rising dividends and equity long term.

Why do you post this nonsense ? What is the point ? Trolling with some outright lying mixed in just makes you a troll at best and a delusional prick. if you believe all the shit you post. I tried to give you some credit but you aren't coming off as very bright in these conversations. I'm dead serious about this. Not one Canadian bank was in danger in 2008/2009 on any level.US banks, some of the biggest, would have gone under without government intervention.

This explains why all the credit agencies are downgrading Canadian banks.

Moody's downgrades Canadian Banks
https://www.moodys.com/research/Moodys-downgrades-Canadian-Banks--PR_366355

It is the second time in the past five years that the banks’ exposure to increasingly indebted Canadian consumers and elevated housing prices has led the credit rating agency to downgrade their debt en masse.

Come talk with me after the real estate market in Toronto and Vancouver collapses and we will see just how strong Canadian banks are.

 

[Nine_Ender]

The truth hurts little Nine_Ender, eh?

Selling C-Series planes to Delta for $19.6m each, below their $33.2m production cost -- is the classic definition of dumping and why the anti-dumping duty was put into place.

Bombardier is a family owned business, eh? Bombardier Aerospace is a division of Bombardier Inc which is traded on the TSX exchange as BBD.A & BBD.B and is a S&P/TSX 60 component.

How many billions more of public money is the Canadian government going to dump into Bombardier.

Truth doesn't hurt I don't care about Bombardier; Toronto is suing them actually. Bombardier is listed but uses class B shares and the family are majority owners. Boeing is a monopoly that tries to maintain that status through dubious means. They don't even make the planes that Delta needed. The whole tariff thing stinks to high heaven but the antidote is tariffs on the US and we will see that reality it seems.

Like many arrogant Americans, you don't know what hits you until it's too late. Whether it's the Iraq War, your medical system, your financial crisis, or your gun violence ( something like 7 minors get shot in the US every single day on average ) you continue to make mistakes that detract from what was once easily the strongest economy on the planet. Life the next 10-20 years in the US isn't going to be easy street anymore, those days are over. Canada is better positioned to weather any storm then you are. The real problem is that Americans aren't used to adversity of any type, so we get to hear about it on here almost daily. Canadians are much tougher in many ways.

 

[Nine_Ender]

This explains why all the credit agencies are downgrading Canadian banks.

Moody's downgrades Canadian Banks
https://www.moodys.com/research/Moodys-downgrades-Canadian-Banks--PR_366355

It is the second time in the past five years that the banks’ exposure to increasingly indebted Canadian consumers and elevated housing prices has led the credit rating agency to downgrade their debt en masse.

Come talk with me after the real estate market in Toronto and Vancouver collapses and we will see just how strong Canadian banks are.

The same headlines existed in 2010 and 2011. These rating agencies are mediocre companies. They get it wrong all the time. You can talk all you want about a housing collapse that you think might happen but the US had one that DID happen in 2008/2009. Mark my words, there will be no lasting housing collapse in Canada, and our banks will remain strong investments throughout. Every demographic and economic trend for Toronto is strong through the year 2045 minimum. Vancouver I can't say but some Asians love Vancouver.

An investment of $2.50 in TD Bank in 1995 is now worth $76. Very few investments are that safe, reliable, and enduring on this planet. Go ahead and short Canadian banks if you don't like money long term. Most analysts see TD Bank as a buy at $76.

 

[Nine_Ender]

Canada has essentially a third world economy. It exports raw materials, oil and grain. It manufactures nothing, except for some airplanes that are no doubt heavily subsidized and snow machines. A trade war with the US would devastate the canadian economy, while the US would barely feel it. Anything we get from Canada we can make, grow or extract ourselves.

Specific real world example :

Magna International, Canadian firm, manufacturers auto parts. 26B market cap, P/E 9; if you drive, your car probably has Magna content. Consistent growth, been around for decades, growth potential in newer AI technologies ( already partnered up with some big players ) and capable of building the cars themselves if need be. Far more successful firm then American firms like Chrysler and GM, both of which were effectively bankrupt in 2009.

Trade tariffs are NOT a sign of strength of your economy. They are a sign of weakness in sectors of your economy that need artificial barriers to compete on world markets. Canada is not demanding widespread tariffs, the US is.

 

[gwb-trading]

Specific real world example :

Magna International, Canadian firm, manufacturers auto parts. 26B market cap, P/E 9; if you drive, your car probably has Magna content. Consistent growth, been around for decades, growth potential in newer AI technologies ( already partnered up with some big players ) and capable of building the cars themselves if need be. Far more successful firm then American firms like Chrysler and GM, both of which were effectively bankrupt in 2009.

Trade tariffs are NOT a sign of strength of your economy. They are a sign of weakness in sectors of your economy that need artificial barriers to compete on world markets. Canada is not demanding widespread tariffs, the US is.

Magna International has 309 manufacturing operations and 99 product development, engineering and sales centres in 29 countries with over 152,000 employees. Of these there 76,000 employees throughout Canada, Mexico and the United States. They have a larger presence in the U.S. than in Canada. The number of Magna employees in Canada is just slightly above 20,000. They have U.S. locations in 9 states.

Magna is stopping all new plants and production expansion in Canada...
Facing higher costs, Magna puts brakes on new plants in Canada
https://www.theglobeandmail.com/rep...rofit-sales-climb-7-per-cent/article18550841/

And the new Ontario labor laws requiring $15 per hour will have them laying people off...
Ontario passes new labour laws auto suppliers have fought against
http://canada.autonews.com/article/...abour-laws-auto-suppliers-have-fought-against

Magna says Ontario's new labour laws threaten jobs
https://www.theglobeandmail.com/rep...ws/article35756954/+&cd=3&hl=en&ct=clnk&gl=us
https://www.theglobeandmail.com/rep...ws/article35756954/+&cd=3&hl=en&ct=clnk&gl=us
Of course if you work for Magna in Canada - don't try to use the restroom... especially at Presstran Industries which is owned by Magna International
Ontario manufacturing company employee alleges she was docked pay for taking restroom breaks
https://globalnews.ca/news/3917938/...he-was-docked-pay-for-taking-restroom-breaks/

Magna is not really a "Canadian" company except their headquarters is located there and they having a manufacturing presence in Ontario which declines every year. Magna effectively "manufactures nothing in Canada" compared to other countries.

The majority of Magna jobs are going to China...
How Magna International quietly became a powerhouse in China
http://www.canadianbusiness.com/lists-and-rankings/best-stocks/investor-500-magna-china/

or to Mexico...
Carmakers say adios to Canada as Mexico shifts into higher gear
http://www.cbc.ca/news/business/car...a-as-mexico-shifts-into-higher-gear-1.3108148

 

[gwb-trading]

Canadian banks have ZERO reliance on US financial infrastructure,

Go to your local large Canadian Bank and ask them what would happen to their Credit Card business if TSYS located in Columbus, Georgia no longer processed their payments. I can easily name another two dozen U.S. processors and financial infrastructure companies Canadian banks are so reliant on that if they stopped supporting Canadian banks - the banks would be out of business within weeks.

This extends to the world markets currency exchange operations of Canadian banks which would be out of existence within hours without support from U.S. investment banks.

 

[Poindexter]

A trade war with the US would devastate the canadian economy, while the US would barely feel it.

Absolutely.