Category:Economics
Netflix jumps quarterly always on subscriber numbers, but never on profitability and sustainability
The pack leader in this debt-driven bubble, Netflix, made another 8% leap today with glowing media reports everywhere noting that subscriber growth beat analyst estimates in the latest earnings report.
If there’s any indicator big enough saying how much risky speculation is fueling this stock market, it is today’s wall-to-wall media co… Read more
Name a period in history …
Name a period in history where exponentially growing national debt was eventually paid off in full, because a nation’s financial growth was so excessive as a result of the theoretical fruits of modern Keynesian economic policy.
We’re still waiting, but don’t expect it to happen anytime soon, or at all.
Meanwhile, the amount of times ma… Read more
Canadian Housing Bubble: Toronto sales down 40% YOY in March
Has a correction arrived and about to reverse course, or is the bubble just now feeling the pressure of the pin?
Let’s translate the numbers that came out from the Toronto Real Estate Board, a report that should be taken with a grain of salt considering the conflict of interest they have in reporting the truth:
… Read moreTORONTO — Canada’s largest real estate
Thursday Thoughts: the promise for more “free” things and the bursting of bubbles
Any politician should be endlessly ridiculed for using the word “free”
“Free” means without cost, and clearly every “free” thing promised by the government comes at a steep cost — the complete opposite of free.
The “free” daycare promised by the current Ontario government which would saddle Ontar… Read more
Communities work, Communism does not — Part 4: that wasn’t real Communism!
According to Wikipedia, the Economic Calculation Problem as coined by Austrian economist Von Mises states:
… Read more[…] pricing systems in socialist economies were necessarily deficient because if a public entity owned all the means of production, no rational prices could be obtained for capital goods as they were merely internal transfers of goo
When it comes to talking, you should give Trump some credit
Scott Adams, Dilbert cartoonist, calls him a “master persuader”.
Perhaps it’s time to give credit to the fashionably unlikable president and acknowledge that Trump knows how to talk. It’s probably also time for most hardcore partisans, whether they are for or against Trump, to start looking at issues pragmatically rather tha… Read more
SHOW YOUR WORK! Part 2: Canadian government, stop passing legislation without proof of necessity
As a follow-up to yesterday’s article, let’s shift focus to the debt-spending tactics of the federal government, whose nefarious end goals are the same as the Ontario provincial government, but are much more transparent.
Finance Minister Bill Morneau is a little less careful with his words as the ulterior motive behind their so-called R… Read more
How long can Powell and Trump talk up the markets?
Psychology in the short run, fundamentals in the long.
The notes from new Federal Reserve chairman Jerome Powell hinting at strong economic numbers are driving up the stock market and the U.S. dollar, continuing the unprecedented uptrend since the inauguration of Trump and his administration.
Persuasion is in full force, as investors and speculators ar… Read more
Dealer gratuity systems: socialism vs. capitalism in poker rooms
Any Canadian poker player that has spent time in other card rooms, particularly those in the United States, can attest to the stark difference in dealer quality based on the gratuity system enforced by the card room.
In the OLG casinos in Ontario, dealers in general (with a few exceptions) are notoriously bad. Speed and competency are severely lacking, and a… Read more
A double-whammy is in store for Netflix
In my article from several weeks ago, Netflix and BitCoin have disturbing similarities, I conjectured that Netflix will be a big loser in a stock market upheaval:
My issue with Netflix is its irrational valuation. When the inevitable pop in the bond and stock market occur I fully expect this stock to be the biggest loser of the FANG stocks.
Fast forward a few we… Read more