Nowadays, Every 9/10 Chick Under 25 Is An Instagram Ho
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root_eruditorium_org
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they gotta eat. sears and k-mart are on life support, the tech industry and walmart are laying off thousands, and now our neighbor north of the border may be in economic trouble.
Global Recession? The Canadian Economy Shrinks At The Fastest Pace Since The Last Financial Crisis
TOPICS:Canada Economic Collapse Michael Snyder
September 1, 2016
By Michael Snyder
Things have not been this bad for the Canadian economy since the last global recession. During the second quarter of 2016, Canada’s GDP contracted at a 1.6 percent annualized rate. That was the worst number in seven years, and it was even worse than most analysts were projecting. This comes at a time when bad news is pouring in from all corners of the global economy. While things in the United States are still relatively stable for the moment, the same cannot be said for much of the rest of the planet. Canada in particular has been hit very hard by the collapse in oil prices, and the massive wildfire in northern Alberta back in May certainly did not help things. The following comes from the BBC…
The recent drop in GDP was larger than analysts had projected, but not far off the predicted 1.5% loss.
“[The figure] could have been worse, given the hit from the wildfire, and clearly confirms the disappointing downward trend in exports over the last few months,” said Sal Guatieri, senior economist at BMO Capital Markets.
In May, wildfires devastated the parts of northern Alberta where much of Canada’s oil and natural gas is produced.
For many years, high oil prices and booming exports enabled the Canadian economy to significantly outperform the U.S. economy. But now conditions have changed dramatically, and all of the economic bubbles up in Canada are starting to burst. This includes the housing bubble, as we have seen home sales in the hottest markets such as Vancouver drop through the floor late in the summer. In fact, it is being reported that home sales during the first two weeks of August in British Columbia were down a whopping 51 percent on a year-over-year basis.
Do you remember the housing bubble in the U.S. that helped fuel the last financial crisis? Well, a very similar bubble is now bursting up in Canada, and some investors have positioned themselves to make a tremendous amount of money when the whole thing comes violently crashing down. The following comes from Wolf Richter…
This summer, famed short seller Marc Cohodes came out of retirement (he now raises chickens on a farm in Sonoma County, CA, and sells the eggs for a fortune in San Francisco) and jumped into ring with a number of interviews on TV and in the print media, and this too rattled some nerves – largely because it hit home.
“I think it’s a money laundering-induced market,” he said as we reported at the time. “Where the local politicians, or the BC Liberals, are kept or in cahoots with the real estate brokers, developers, lawyers, that angle. And they have sought Chinese money to keep the market propped up and it won’t last,” he said. “China has capital controls on, and Vancouver has become the money laundering mecca of either the world or North America, and something is going to change and change drastically.”
If the price of oil does not rebound in a major way, the Canadian economy is going to continue to deeply struggle.
Meanwhile, one of the biggest economies in Africa is also shrinking. Nigeria is yet another oil-dependent economy that has fallen on really hard times, and during the latest quarter their GDP shrunk by 2.06 percent on an annualized basis…
Nigeria has slipped into recession, with the latest growth figures showing the economy contracted 2.06% between April and June.
The country has now seen two consecutive quarters of declining growth, the usual definition of recession.
Its vital oil industry has been hit by weaker global prices, according to the Nigerian Bureau of Statistics (NBS).
There are so many signs that indicate that the global economy has entered a new major downturn. Yes, the U.S. is doing better than almost everyone else for the moment, but this will not last indefinitely. Our planet is more interconnected than ever before, and just as we saw in 2008, big trouble on one side of the globe quickly affects the other side.
Today we also learned that the 7th largest container shipping company in the entire world has completely imploded. Total global trade has been declining for quite some time now, and it was inevitable that this sort of thing would start happening…
After years of relentless decline in the Baltic Dry index…
… today the largest casualty finally emerged on Wednesday when South Korea’s Hanjin Shipping, the country’s largest shipping firm and the world’s seventh-biggest container carrier, filed for court receivership after losing the support of its banks, leaving its assets frozen as ports from China to Spain denied access to its vessels.
Over in Europe, an emerging banking crisis continues to simmer just under the surface.
Most Americans are completely oblivious to the fact that major global financial problems could be just around the corner, but CNBC is reporting that banks over in Europe are “preparing for an economic nuclear winter situation”…
European banks, in particular, have had a very tough six months as the shock and volatility around Brexit sent banking stocks south. Major European banks like Deutsche Bank and Credit Suisse saw their shares in free-fall after the referendum’s results were announced. In the U.K., RBS was the worst-hit, with its shares plunging by more than 30 percent since June 24.
The current uncertainty over when the U.K. will start the process of quitting the EU has banks on tenterhooks. But a source told CNBC that banks are “preparing for an economic nuclear winter situation.”
Speaking on the condition of anonymity due to the sensitive nature of the topic, a source from a major investment bank told CNBC that financial services firms have put together a strategy in place that takes into account the worst-case scenario that could happen by the end of this year.
So precisely what would an “economic nuclear winter” look like?
I don’t know, but it certainly does not sound good.
We should be thankful that things have been as calm and stable as they have been so far in 2016, but nobody should be fooled into thinking that our problems have been fixed.
The truth is that the global debt bubble is at an all-time high, the banks are being more reckless and are more vulnerable than ever before, and troubling economic numbers continue to pour in from all over the planet.
The stage is certainly set for the next major global economic crisis, and it isn’t going to take much to push the world over the edge.
Michael Snyder is a writer, speaker and activist who writes and edits his own blogs The American Dream and Economic Collapse Blog. Follow him on Twitter here.
what is canadian economy doing in a thread about insta hoes? and this the first time i heard of this. we good up here fam, just getting fukked in the ass by taxes.Ya lately if I get a number I'm making plans like right away ..even on same night
I don't wanna hold on to a number for more than few days and get hit with
" Who's dis" " I don't remember"
You're a dime + 99, and it's a shame you don't know your worthWell, if that's the case then we can discuss guys irl that constantly approach me when I'm out. Not to sound conceited (bc at the end of the day this doesn't really matter to me) but I've been told by several guys that I'm a dime. It is what it is.
root_eruditorium_org
All Star
Lmao I know. it's crazy how much this shyt became normalized.
Not true breh..if you live in a major city and you decent looking with good verbal game you can get dimesFacts
There's no such thing as the low key bad bytch anymore. Those hidden gems don't exist.
Nowadays everybody from AROUND the world competing for the dime that lives down the street from you.
You got Arab sheikhs ready to fly this bytch out and cover her in feces and racks.
How the fukk is a nikka supposed to compete with sheikh abdullah?
The key is going out as much as possible and approaching as many girls
But nikkas don't wanna put in that work
Wait how come I didn't see your picYou nikkas are easily impressed. Believe whatever you want. I know my truth and the dudes on here who have seen my pic have said I'm too good looking to be on here anyways. Bye!
man i remember bagging this chick coming off a subway on my way to work last winter
Got the number...started talking...after a couple weeks we made plans to have dinner. Leading up to the dinner I saw this girl's snapchat handle and it had her last name in it so i decided hmmm...lemme creep the IG if she got one.
I go on her IG and see she got like 15K followers...titties all out...dudes simping every pic.. I didnt even realize how stacked she was cause she had a winter coat on but I was like
.
Needless to say the day of she flaked on me...never heard from her again. It's hard out here brehs. If a girl is an 8/10 above shes gonna have a looooooot of nikkas simping her and you're just jockeying for position at that point
I think you messed up there.
1. I dunno how you let it slide for weeks. A girl like that (hell, even most girls) you should see again within 48 hours max.
2. The fukk were you gonna take her to dinner for? Never take a shorty out to dinner. I met this chick the other day and she told me she's been out with 6 guys the last couple weeks (dating site) and that each one took her out to dinner. They each probably spent a 100 on her. 5 of those guys she said she's never gonna see again and she's far from a shallow person. One was insecure, other was depressing, other talked too much, etc. One of the 6 she said is her new BFF now though.
How much I spend? Not a damn thing. We went to the park. 15 minutes after I left her she texted "I'M SOOOOO SEEING YOU AGAIN"
I think the girl you posted is a solid 8/10, dunno what some of these guys is thinking here lol. Her followers gone up by 10 000 more since you seen her last lol
I
root_eruditorium_org
All Star
Well, if that's the case then we can discuss guys irl that constantly approach me when I'm out. Not to sound conceited (bc at the end of the day this doesn't really matter to me) but I've been told by several guys that I'm a dime. It is what it is.
think about it, but what else is a guy to say? you think a guy is gonna hit you with the
ChiefQueen
HBIC
You're a dime + 99, and it's a shame you don't know your worth
Clearly I know my worth considering I haven't let anybody hit.
But SO to Mario I love that song.
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I use hi5
root_eruditorium_org
All Star
that's how you got to do it. gotta be decisive as fukk and faast.
if she rejects you or flakes or doesn't hit you back after the first date, then it's better it happens within the span of a couple of days rather than weeks or months where it would inflict maximum psychological damage.
ChiefQueen
HBIC
think about it, but what else is a guy to say? you think a guy is gonna hit you with theif he's been put on the spot or is trying to get into your pants. c'mon
...
Who's putting anyone on the spot?
I don't ask to be approached in public nor do I ask for my time to be wasted.
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I meet a girl at 1230 am..best believe I'm texting her and trying to meet up at 3am
Most dudes get numbers or meet girl and wait for the perfect time to contact her cause they don't want the rejection
All that just to persevere their "self image"
Fukk that gotta treat this like a factory
I meet a girl at 1230 am..best believe I'm texting her and trying to meet up at 3am
Most dudes get numbers or meet girl and wait for the perfect time to contact her cause they don't want the rejection
All that just to persevere their "self image"
Fukk that gotta treat this like a factory