iOS app Android app
Clicking Follow Back will add user to your friends list and may allow access to your Social News timeline..

HuffPost Social News

Badges:
Your Badges and the Badge Module will be removed from your profile

brundlesmith's Comments

View Comments:   Sort:
next
1 - 25
BMO, RBC, TD Hike Mortgage Rates; Economists Wary Of Effect On Housing Market

BMO, RBC, TD Hike Mortgage Rates; Economists Wary Of Effect On Housing Market

Commented Aug 22, 2013 at 20:07:28 in Canada Business

“The headline is wrong. It should say economists wary of effect of housing CRASH. Interest rates were lowered to induce more people to buy houses. Those that can only afford a house with low interest rates are the same people who have taken on record debt and will default when rates go north of 5 %--just like the US did. We are no different. If there isn't a problem in the housing market, why is it brought up EVERY WEEK? And just imagine how much debt the CMHC (read taxpayer) is going to swallow when it is forced to underwrite all the garbage mortgages. Government created this housing bubble with temporarily cheap money and 30 year mortgages, "protected" by CMHC insurance. And who is going to buy up all the foreclosed houses? Not the next generation, already saddled with debt and low paying jobs. The correction is going to be epic and the denial is getting louder and louder.”
Canadian Economy Did Little Better Than U.S. In Great Recession, Revised Data Shows

Canadian Economy Did Little Better Than U.S. In Great Recession, Revised Data Shows

Commented Aug 6, 2013 at 18:57:06 in Canada Business

“The US is circling the drain and its GDP and unemployment numbers are completely fudged. By any sane definition, it's in a depression. Almost every country in world now has slow or no growth. This is a SYSTEMIC problem and Canada's turn is up right after the next big correction (crash).”
Trudeau Attacks: Peter MacKay Won't Send Controversial Mailouts, Spokesperson Says

Trudeau Attacks: Peter MacKay Won't Send Controversial Mailouts, Spokesperson Says

Commented May 9, 2013 at 00:23:36 in Canada Politics

“I was with you until Harper and less government. We don't have less government, we have more. We don't have a free market guy--Harper has chosen the next BOC (a centrally planned organization if there ever was) by proxy to ensure the BOC does exactly what he wants. That's called communism. He has now turned the NRC into a corporate welfare fund for market innovation. Government has no role in selecting winners in the free market. And don't get me started in their "fiscal" conservatism. Yes, most liberals don't bother to understand conservatism. But it this government isn't conservative. It's a joke.”
Sun News On Basic Cable? CRTC Opens Hearings As Channel's Losses Widen

Sun News On Basic Cable? CRTC Opens Hearings As Channel's Losses Widen

Commented Apr 23, 2013 at 13:36:55 in Canada Business

“Almost there : ) you missed: slagging the "lavish tax-funded CBC", slagging environmentalists for "de-railing the nationally important Northern Gateway pipeline", slagging Romas and Gypsies, and praising the Conservatives for their continued fight against unionism, marxism, socialism, communism, terrorism, and environmentalism.”
Joe Oliver, Conservative Cabinet Minister, Says People Aren't As Concerned About Climate Change

Joe Oliver, Conservative Cabinet Minister, Says People Aren't As Concerned About Climate Change

Commented Apr 12, 2013 at 22:05:52 in Canada Politics

“The problem with reality is that you can deny reality, but you can't deny the consequences of reality. You and your organization continue to deny reality. The climate is changing, and we caused it. However, reality becomes clearer every year. And every year you will back peddle more until you can no longer deny reality. Your short sightedness is pretty bold though. Do you really think the next generation, who will bear the brunt of our collective inaction, will be tolerant of what you have done? For a few bucks, you have deliberately introduced doubt and denial. You are no better nor any different than the paid shills for the tobacco lobby. Will you ever have the ethics to admit it?”
Ezra Levant Roma Comments: Kory Teneycke, Sun News VP, Takes Heat On CBC Over ‘Jew vs. The Gypsies'

Ezra Levant Roma Comments: Kory Teneycke, Sun News VP, Takes Heat On CBC Over ‘Jew vs. The Gypsies'

Commented Mar 26, 2013 at 18:16:13 in Canada Business

“Bazinga! F & F. Although I think the irony is lost on most faux news north supporters.”

fromdnorth on Mar 26, 2013 at 18:57:22

“yes”
Peter Penashue Byelection: Harper Wants A Candidate He Can Control, Ex-Tory MP Says

Peter Penashue Byelection: Harper Wants A Candidate He Can Control, Ex-Tory MP Says

Commented Mar 19, 2013 at 18:39:52 in Canada Politics

“You hit the nail on the head. It doesn't matter which party--it's all about control. And it's killing democracy. I hate it when I agree with you, but you're right.”
Rick Mercer Says Scientists 'Muzzled' In Canada Again (VIDEO)

Rick Mercer Says Scientists 'Muzzled' In Canada Again (VIDEO)

Commented Feb 27, 2013 at 19:37:24 in Canada Politics

“You have repeatedly suggested that scientists have political motivations but you have failed to demonstrate it. Here is some evidence that falsifies your argument. As a government scientist I sign a declaration of ethics and values. If I violate them, I can be terminated. My work cannot reflect political bias. A google search under Treasury Board ethics will show you what I must follow. I encourage you to read it. The bigger question is why there is no such code of conduct for politicians.”

CPmike on Feb 28, 2013 at 18:27:36

“Oh that explains it, a government scientist.”
Rick Mercer Says Scientists 'Muzzled' In Canada Again (VIDEO)

Rick Mercer Says Scientists 'Muzzled' In Canada Again (VIDEO)

Commented Feb 27, 2013 at 16:04:04 in Canada Politics

“You have suggested that science has political presuppositions. As I am a scientist, I would expect you to use factual examples to support your argument. It's nothing personal--that's how science works. I would further expect you to use deductive arguments by tying your evidence to an overarching conclusion. You have failed to support your argument that science is steeped in politics. By falsification, I only need to demonstrate that your conclusion is unfounded. I hope I'm smart enough to argue with you. Your tax dollars support my research : )”

CPmike on Feb 27, 2013 at 18:26:20

“If you are a scientist, which I doubt, you are a poor one. As a scientist you would be aware of the two studies I quoted. They were actually used recently in an interview on CBC with a scientist taking about scientific freedom. You are a poor scientist because again you claim I am mistaken but again your whole argument has no substance rather than articulating "you are wrong" You actually give another example or science with political presumppositions than many practice.”
Rick Mercer Says Scientists 'Muzzled' In Canada Again (VIDEO)

Rick Mercer Says Scientists 'Muzzled' In Canada Again (VIDEO)

Commented Feb 27, 2013 at 11:45:00 in Canada Politics

“Science works with evidence and logic, both of which are missing in your argument. Better luck next time.”

Jay upnorth on Feb 27, 2013 at 15:08:18

“CPmike, I'm going to jump in here. I will admit that I like that your using logic, I don't agree with your logic but hey...that's freedom of speech for you.

Truth be told, in my opinion in order for there to be proper advances in research/science, it should be discussed. The public has a right to know and the more discussion that takes place the better educated on subjects that the main populace becomes. Personally the only time that scientists are muzzled is when a govt is over controlling, which is oppostie IMO to the advancement of humanity.
Every now and then a Joe Shmoe of the population provides brilliant insight to the scientific community which helps advances things...don't take away any chances of advancement please, don't restrict people from communicating to advance fields of research. But hey...it's a free country eh? At least it supposed to be...”

CPmike on Feb 27, 2013 at 12:29:34

“And are you smart enough to explain how my logic is flawed, using evidence, instead of an emotional name call or negative feeling. ”
Biggest Threats To The Global Economy, According To The World Economic Forum

Biggest Threats To The Global Economy, According To The World Economic Forum

Commented Jan 10, 2013 at 17:34:19 in Canada Business

“Really? Humans have consumed more food than we have produced for 6 of the last 11 years, and the rate of population growth now exceeds the rate of productivity increases. That's a problem. Here's a bunch more facts about armageddon for your reading pleasure (#52 is food). We are in trouble, but we'll do nothing until it hits us in the face.
http://bit.ly/TdHrVb
Biggest Threats To The Global Economy, According To The World Economic Forum

Biggest Threats To The Global Economy, According To The World Economic Forum

Commented Jan 10, 2013 at 17:19:03 in Canada Business

“What a joke. Risk of collapse? It's well under way. Economic contraction is everywhere, food prices are set to explode, inflation is ramping up, income disparity is increasing, and all politicians can do is print money, and run more deficits. Take your pick-fiscal, economic, political, ecological--nothing we are doing is sustainable, and yet the denial of reality is deafening. It's time for war, and there's lots of distractions to pick from: China/Japan, Iran/Israel, Palestine/Israel, UK/Argentina. Or even more interesting: Syria + Israel/US+ Russia/China. Blow it up real good.”
huffingtonpost entry

Chinese Investment Into Canada Boomed In 2012: BMO

Commented Jan 4, 2013 at 15:38:01 in Canada Business

“I completely agree, and while you are obviously capable of critical and rational thought, the vast majority of Canadians love their servitude to the latest Igadget, which provides hours of meaningless distraction. All they want is a job, lots of debt, and cheap Chinese goods from Walmart. Heck, I don't think you could get a majority of people to explain Faust, let alone understand the relevance to Canada in 2013. Maybe there's an app for that.”

canobserv on Jan 5, 2013 at 08:08:59

“feeling cynical huh?.......although I will agree that we as a society have stopped being citizens and have become "consumers"........it was the beginning of the end of citizen involvement”
Canadian Vs. U.S. Economy: GDP Growth South Of The Border Nearly 5 Times As Fast In Q3

Canadian Vs. U.S. Economy: GDP Growth South Of The Border Nearly 5 Times As Fast In Q3

Commented Dec 1, 2012 at 12:41:51 in Canada Business

“We have ample proof from the vast majority of OECD countries run by oblivious economists and despotic central banks that central planning is an absurd idea. We are now watching the predictable end of the Euro, and the fall of the US and the UK. It is hilarious that the current solution to all these problems is by borrowing more money from the future and devaluing currency by printing money. While they circle the toilet bowl, we watch in mocking amazement as though we are somehow different. Is our debt under control? Do we have bubbles caused by central bank policy of low interest loans? As much as it kills me, Harley is right, governments have and continue to simply kick the can down the road. This government is no different.”
Canadian Vs. U.S. Economy: GDP Growth South Of The Border Nearly 5 Times As Fast In Q3

Canadian Vs. U.S. Economy: GDP Growth South Of The Border Nearly 5 Times As Fast In Q3

Commented Dec 1, 2012 at 12:28:49 in Canada Business

“I agree with the government having very little control and stoking investor confidence. That's why I think it's absurd to run with the economy as part of a platform. I disagree with the idea that this government in particular has done a good job of attracting investors. While simultaneously denying that the "net benefit test" guidelines are opaque, flip flopping on state-run takeovers, and delaying decisions by months, this government has botched any credibility it had....”

brundlesmith on Dec 1, 2012 at 12:41:51

“We have ample proof from the vast majority of OECD countries run by oblivious economists and despotic central banks that central planning is an absurd idea. We are now watching the predictable end of the Euro, and the fall of the US and the UK. It is hilarious that the current solution to all these problems is by borrowing more money from the future and devaluing currency by printing money. While they circle the toilet bowl, we watch in mocking amazement as though we are somehow different. Is our debt under control? Do we have bubbles caused by central bank policy of low interest loans? As much as it kills me, Harley is right, governments have and continue to simply kick the can down the road. This government is no different.”
Canadian Vs. U.S. Economy: GDP Growth South Of The Border Nearly 5 Times As Fast In Q3

Canadian Vs. U.S. Economy: GDP Growth South Of The Border Nearly 5 Times As Fast In Q3

Commented Dec 1, 2012 at 11:16:38 in Canada Business

“I enjoy debating with you so, so why have Conservatives, who supposedly represent smaller government, less regulation, and less interference, taken on the role of "running the economy"? I support smaller, smarter government, and this seems truly bizzaro to me. When has a federal government ever done anything well? Will they take responsibility if the economy does poorly? We now have a Conservative nanny state, who will take care of the economy and promise you a job. That sounds more like socialism than conservatism.”

Warren Yuill on Dec 1, 2012 at 12:07:15

“Government has very little control over the national economy.
All they can do is tweak it in reponse to a myriad of constantly changing conditions.
Some times those tweaks bear fruit.
Sometimes not.
What this government has been doing very successfuly is maintaining global confidence in canada as a place to invest and do bussines.
We have ample proof of that success coming from sources like the G20 IMF World bank And the OECD.
So you don't have to take my word for it. lol
Cheers”

HarleyOpenRoad on Dec 1, 2012 at 11:41:49

“Exactly.

The "Conservatives" are that in name only. The 3 major political parties could be more accurately described as Left, more Left, and ridiculously Left.”
Mark Carney Headed To Bank Of England: Here's What The British Press Is Saying (PHOTOS)

Mark Carney Headed To Bank Of England: Here's What The British Press Is Saying (PHOTOS)

Commented Nov 27, 2012 at 16:01:03 in Canada Business

“I really want to argue with you : ) What has Mark Carney done for me??? In order to "stimulate" the economy, he has lowered interest rates to near zero. So, the knock on effect is that those endangered species who actually work and save money get punished. Those people who really shouldn't borrow money are tempted to take on even more debt. Their expenditures (debt) count as GDP growth. In the process, we get bubbles--auto loan bubbles, housing bubbles, nice big debt bubbles. The economy has produced more "stuff" by individuals taking on more debt. When interest rates go up, the bubbles will burst, I will have lost money because inflation ate any interest I earned, and the economy will go back into recession. Thanks for punishing me and rewarding high risk behavior. Your move.”

brio228 on Nov 27, 2012 at 18:34:50

“I lot of what you are saying it true but it's not Carney, it's greed! If interest rates were higher I could retire! The problem is that we are in a global economy and cannot make choices in a vacuum. Interest rates in the US are painfully low. If Carney had raised interest rates higher than the US, capital would flood into Canadian Dollars and the dollar would be $1.05 to $1.10. This would drastically harm the Canadian economy. I am a business broker and used to sell manufacturing businesses. I don't anymore. The high Canadian dollar destroyed many of the ones that were shipping into the US. Now I sell service businesses. The bubbles are driven by greed and advertising that makes people believe they deserve luxuries they cannot afford. We cannot believe how busy spas and places that give manicures are. We have young relatives driving cars that you should only drive once your mortgage is paid off! I remember when my mortgage was at 10 3/4 %. I worked like a dog to make someone else rich. Yes it keep real estate prices artificially low because your mortgage payment was so punishing. It did motivate me to pay off my mortgage fast. There is a happy medium for interests rates but I don't see us there any time soon. Carney is just the messenger.”

Poster999 on Nov 27, 2012 at 18:34:14

“All good points. there is two sides to every coin and the fact of Canadians following the American lead of being highly indebted does not bode well as you have already stated. It seems to me Canadians used to be much wiser with their money and Canadian policy was to avoid a boom-bust model which Americans have traditionally embraced. I guess we are changing and maybe not for the better but time will tell I suppose. Fanned and Faved for a good post sans the over the top rhetoric that often occurs here..”

Liban CZ on Nov 27, 2012 at 16:19:25

“me, me, me, meeeeeeeee.......?”
Mark Carney Appointed To Bank Of England

Mark Carney Appointed To Bank Of England

Commented Nov 26, 2012 at 19:10:08 in Canada Business

“Is the government's job really to run the economy? Why did Canada choose to have a central bank some 40 years ago? Who do central banks get advice from, and who do they report to? How many central banks are now run by former big bank execs (read Goldman Sachs)? Where is all that central bank "money" going? Central banks and too big to fail banks in cahoots? That could never happen right? That would be one hell of a conspiracy because big banks and their minions always act ethically.”
Justin Trudeau Alberta Comments Could Derail Liberal Star's Momentum (VIDEO)

Justin Trudeau Alberta Comments Could Derail Liberal Star's Momentum (VIDEO)

Commented Nov 23, 2012 at 14:45:46 in Canada Politics

“While I respect your opinion, I am an Albertan and I do not support your view. Don't confuse political ideology with the views of the people. Albertans recently had the right to choose an extreme form of government in the provincial Wildrose Party. We chose to reject them. The majority of us are not teabaggers, and we are not blind.”
Generation Y And Home Ownership: A Generation Of Renters, But Not By Choice

Generation Y And Home Ownership: A Generation Of Renters, But Not By Choice

Commented Nov 21, 2012 at 16:39:36 in Canada Business

“Relax!!! It's going to be an inter-generational gong show in just a few short years. With boomers retiring and looking to downsize and with scores of Gen X, Gen Y, and millenials now renting, it's going to be a buyers market. Many boomers are counting on the income from their homes for retirement, but when they all flood the market at the same time, it's going to be awesome : )”
Canada's New Mortgage Rules ‘Unnecessarily Jeopardizing The Health Of Canada's Housing Markets': CAAMP

Canada's New Mortgage Rules ‘Unnecessarily Jeopardizing The Health Of Canada's Housing Markets': CAAMP

Commented Nov 19, 2012 at 15:26:20 in Canada Business

“I follow you right up until the Bank of Canada. The libertarian coolaid would convince me that had the markets been free to set interest rates, they would never be as low as they are now. This would have the added benefit of actually rewarding "savers" with meaningful interest rates (who are now being punished by ultra low rates), and discouraging "lenders" who simply can't afford to buy a house. Rates will go up, crushing those who took the risk, and Central Banks share the blame. I used to hate libertarians, but some of their ideas about human behaviour and self interest actually do make sense.”

quax on Nov 20, 2012 at 02:00:44

“Interest rates across the board are kept artificially low. Competitive devaluation in a sense is already upon us.

As a small player I don't see the Bank of Canada as having much of a choice but to keep dancing to this dismal tune.”
IEA World Energy Outlook 2012: U.S. To Be Energy Independent; Subsidies To Fossil Fuels Worth $523 Billion

IEA World Energy Outlook 2012: U.S. To Be Energy Independent; Subsidies To Fossil Fuels Worth $523 Billion

Commented Nov 12, 2012 at 20:48:18 in Canada Business

“It is good to know that some people can see through all the BS! Reality which escapes the majority, all in one simple post.”
Canada Housing Slump: Flaherty's New Mortgage Rules A Scapegoat For A Much Bigger Problem

Canada Housing Slump: Flaherty's New Mortgage Rules A Scapegoat For A Much Bigger Problem

Commented Nov 2, 2012 at 13:28:11 in Canada Business

“Yes they do. Dig deeper. Why was there such a push to shove low interest loans down the throats of high risk lenders? The problem is bigger than just the banks.”
Canada Housing Slump: Flaherty's New Mortgage Rules A Scapegoat For A Much Bigger Problem

Canada Housing Slump: Flaherty's New Mortgage Rules A Scapegoat For A Much Bigger Problem

Commented Nov 2, 2012 at 13:15:13 in Canada Business

“Yes!!! Government meddling. It's terrifying to think we're on the hook for under writing these potential defaults through CMHC. Would you go as far as to agree that the bubble would never have grown if the BoC didn't set interest rates a slow as they did? I see this as further meddling...”

HarleyOpenRoad on Nov 2, 2012 at 13:47:09

“High interest rates only benefit the rich, as they have little or no debt and much capital.

Low interest rates help the middle class and the poor, making their debts much easier to service.”
next
1 - 25