USA, Canada, Australia Have The Most Companies Running Losses

[Economy 52,835]

https://www.bnnbloomberg.ca/a-top-performing-u-s-hedge-fund-is-shorting-canada-s-banks-1.1200486

 

Canada has 80% the companies listed on the stock market running losses the worst in the world. That figure is followed by Australia at #2 and the US at #3

 

Companies running losses isn't always a bad indication. Sometimes it can simply mean they are putting a lot of investment in expanding such has Netflix and Amazon have done in recent years

 

However Canada and Australia are also #1 and #2 for most overall private sector debt suggesting a serious issue of leverage

 

Canada also has an alarming high number of "zombie companies" which are companies that for 10 years or longer cannot make enough profit to cover even the interest in their debt, companies that chronically are barely hanging on.

[Lord Temptation 11,209]

We are so doomed! 

2020s depression hereeee we come! 

I hope we get new art and design styles and fashions like how the Great Depression got art deco, jazz and Cadillacs 

[JustAnother 5,113]

1 minute ago, Lord Temptation said:

We are so doomed! 

2020s depression hereeee we come! 

I hope we get new art and design styles and fashions like how the Great Depression got art deco, jazz and Cadillacs 

Great Depression happened after all of these things became famous 

[Economy 52,835]

2 minutes ago, Lord Temptation said:

We are so doomed! 

2020s depression hereeee we come! 

I hope we get new art and design styles and fashions like how the Great Depression got art deco, jazz and Cadillacs 

Canada and Australia can burn together 

[Lord Temptation 11,209]

2 minutes ago, JustAnother said:

Great Depression happened after all of these things became famous 

Jazz started at the turn of the 20th century.

Art deco started in 1925 at an expo in Paris.

Cadillacs also started before the 1930s.

I knew all these things. The point is that in the 1930s (the Great Depression) all the styles evolved and coalesced, influencing furniture design, architecture, cars, fashion and music to become something unique, iconic and instantly recognisable. 

Art deco is synonmous with the 1930s henny  even though elements were already present in earlier forms 

[Lord Temptation 11,209]

5 minutes ago, Economy said:

Canada and Australia can burn together 

I would be happy to burn or freeze to death with Canada 

What a way to go!  Might as well do it in style 

[Economy 52,835]

12 minutes ago, JustAnother said:

Great Depression happened after all of these things became famous 

The 1920s were sometimes also referred to as the "roaring 20s"

 

Tones of inventions like the telephone, dishwashers, washing machines, hair dryers etc were invented that decade. It was a huge decade for innovation

 

The 1920s also had a strong economy particularly in North America. It was the decade that the middle class really blossomed into existence

 

Hard to believe such glorious times were followed by such misery (great depression and then world war 2)

[Economy 52,835]

Just now, Lord Temptation said:

I would be happy to burn or freeze to death with Canada 

What a way to go!  Might as well do it in style 

I'm still hoping we get a soft landing tho

 

The government and regulators have very carefully tried to engeneer a soft landing for the housing market and tried to trigger slow and stable deleveraging

 

Also increase child benefits, infrastructure spending and small business taxes are helping support economy as highly indebted consumers pull back and the housing market decelerates

 

Low unemployment leading to faster wage rises is also helping offset high debt and increases in interest rates

 

I have good hopes this housing/debt bubble will deflate rather than pop and cause a hard crash

 

We will have to see what happens. Same with Australia 

[Lord Temptation 11,209]

4 minutes ago, Economy said:

The 1920s were sometimes also referred to as the "roaring 20s"

 

Tones of inventions like the telephone, dishwashers, washing machines, hair dryers etc were invented that decade. It was a huge decade for innovation

 

The 1920s also had a strong economy particularly in North America. It was the decade that the middle class really blossomed into existence

 

Hard to believe such glorious times were followed by the worst of times right after (great depression and then world war 2)

In a certain sense the 1920s were a bit of an illusion. Like, how could they just pretend everything was back to normal right after WW1? The Depression was inevitable. 

[JustAnother 5,113]

4 minutes ago, Lord Temptation said:

Jazz started at the turn of the 20th century.

Art deco started in 1925 at an expo in Paris.

Cadillacs also started before the 1930s.

I knew all these things. The point is that in the 1930s (the Great Depression) all the styles evolved and coalesced, influencing furniture design, architecture, cars, fashion and music to become something unique, iconic and instantly recognisable. 

Art deco is synonmous with the 1930s henny  even though elements were already present in earlier forms 

Ok but most of these things were just as big in the 20s  I’m just saying the Great Depression didn’t give us all these things. 

3 minutes ago, Economy said:

The 1920s were sometimes also referred to as the "roaring 20s"

 

Tones of inventions like the telephone, dishwashers, washing machines, hair dryers etc were invented that decade. It was a huge decade for innovation

 

The 1920s also had a strong economy particularly in North America. It was the decade that the middle class really blossomed into existence

 

Hard to believe such glorious times were followed by the worst of times right after (great depression and then world war 2)

Yes I’ve taken my fare share of college history classes  That seems to be the pattern also, to have a really glorious era means we must suffer through a horrid one first. 

[Lord Temptation 11,209]

3 minutes ago, Economy said:

I'm still hoping we get a soft landing tho

 

The government and regulators have very carefully tried to engeneer a soft landing for the housing market and tried to trigger slow and stable deleveraging

 

Also increase child benefits, infrastructure spending and small business taxes are helping support economy as highly indebted consumers pull back and the housing market decelerates

 

Low unemployment leading to faster wage rises is also helping offset high debt and increases in interest rates

 

I have good hopes this housing/debt bubble will deflate rather than pop and cause a hard crash

 

We will have to see what happens. Same with Australia 

I mean. I don’t want chaos and violence on the streets. But with the way social media has people so offended at everything, i think if a Depression or new recession does happen, social media will make it feel 10 times worse. Then it could snowball and get completely out of hand.

Look at the Yellow Vest Protests in France. Unfortunately that could spill over into Germany and the UK with Brexit.

The world is so interdependent now, which is good in some ways but horrifying when you think of what could go wrong 

[Economy 52,835]

2 minutes ago, Lord Temptation said:

In a certain sense the 1920s were a bit of an illusion. Like, how could they just pretend everything was back to normal right after WW1? The Depression was inevitable. 

I mean families were happy when reunited (not counting ones where husband's died) and everything seemed like it was gonna be better

 

Add to the fact that technology for mass production and efficiency was really taking off and people could enjoy a standard of living like never before and there were good reasons to be happy

 

I'm sure there were many living with scars from WW1 tho particularly widowed women and children who now didn't have a father

[Economy 52,835]

Just now, Lord Temptation said:

I mean. I don’t want chaos and violence on the streets. But with the way social media has people so offended at everything, i think if a Depression or new recession does happen, social media will make it feel 10 times worse. Then it could snowball and get completely out of hand.

Look at the Yellow Vest Protests in France. Unfortunately that could spill over into Germany and the UK with Brexit.

The world is so interdependent now, which is good in some ways but horrifying when you think of what could go wrong 

Yeah... During the Eurozone crisis even bad news out if Greece or Ireland affected US markets a Country with an economy many times larger

 

A country the size of Canada (10th largest economy) or even Australia which is in the top 20 could most definitely cause a lot of economic havoc globally if our economies collapsed into a depression

 

I think that's a worse case scenario tho since rates are unlikely to go up quickly this time around like they did in 2004-2006 and regulations have been placed to try to contain speculation

 

Also we don't have the issue of extremely high energy prices like when oil went to $148/barrel in 2008 (tho for Canada that might actually be a good thing)

[Lord Temptation 11,209]

7 minutes ago, Economy said:

I mean families were happy when reunited (not counting ones where husband's died) and everything seemed like it was gonna be better

 

Add to the fact that technology for mass production and efficiency was really taking off and people could enjoy a standard of living like never before and there were good reasons to be happy

 

I'm sure there were many living with scars from WW1 tho particularly widowed women and children who now didn't have a father

 

3 minutes ago, Economy said:

Yeah... During the Eurozone crisis even bad news out if Greece or Ireland affected US markets a Country with an economy many times larger

 

A country the size of Canada (10th largest economy) or even Australia which is in the top 20 could most definitely cause a lot of economic havoc globally if our economies collapsed into a depression

 

I think that's a worse case scenario tho since rates are unlikely to go up quickly this time around like they did in 2004-2006 and regulations have been placed to try to contain speculation

 

Also we don't have the issue of extremely high energy prices like when oil went to $148/barrel in 2008 (tho for Canada that might actually be a good thing)

It’s the butterfly effect: even a slight change in one location can have huge systemic repercussions many years later. Globalisation has compounded this, and the 24 hour economy and news cycle. I hope we have more of a slow grind than a grinding halt. Dunno how but I hope it’s not like an eruption, more of a gradual spill.

When I look back at WWI and WWII it does seem like the 20s was the eye of the storm. Seemingly alot of innovation was being made. But there is also thay underbelly of fear and unresolved trauma. Also in the 20s Germany had their shortlived Weirmar republic: trillion percent hyperinflation and crippling debt. There is always another side to the glitz and glamour. The 20s may have been roaring on one side of the spectrum, but seething with pain and disillusionment on the other 

[Economy 52,835]

9 minutes ago, Lord Temptation said:

 

It’s the butterfly effect: even a slight change in one location can have huge systemic repercussions many years later. Globalisation has compounded this, and the 24 hour economy and news cycle. I hope we have more of a slow grind than a grinding halt. Dunno how but I hope it’s not like an eruption, more of a gradual spill.

When I look back at WWI and WWII it does seem like the 20s was the eye of the storm. Seemingly alot of innovation was being made. But there is also thay underbelly of fear and unresolved trauma. Also in the 20s Germany had their shortlived Weirmar republic: trillion percent hyperinflation and crippling debt. There is always another side to the glitz and glamour. The 20s may have been roaring on one side of the spectrum, but seething with pain and disillusionment on the other 

Yeah... Seems like the best times were between 1950s and 1970s in the sense that the worst of wars were behind and the economy had low unemployment and a thriving middle class

 

Not sure I'd be willing to give up today's gadgets and entertainment to live back then tho not to mention social rigidness