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Boudrias

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Everything posted by Boudrias

  1. Costmar and Pearson. It will be hard rooting against Canada.
  2. It appears the feds put their hopes on a Chinese vaccine. They failed to fund domestic vaccine capability in Saskatoon and Quebec. Yesterday announcement suggests only 3 million Canadians will inoculated in Q1. The Liberals are good at pointing fingers at everyone other than themselves. The Americans will inoculate more people in one day than Canada will in 3 months.
  3. I would prefer he was playing in NA right now, but where? The KHL teams have to make a monetary and development decision on players who likely leave for NA. Just as we debate about giving up and coming prospects TOI versus established vets, the debate goes on. If Russia truly wanted to stop the flow of talent to NA they could easily do that by making passports disappear. Do we go back to the Mogilny days? I doubt it as such treatment would threaten more critical sectors that actually make big money for Putin. Pressure on family, playing time and exposure in key tourny's probably works for some. I guess another aspect would be the willingness for Russian vets in the NHL going back to play for Russian national teams would be impacted if harsher treatment was handed out. Just imagine if Ovy decided not to play for Team Russia. Pods might have some disappointments this season but IMO it wets his desire to come to Vancouver. I just hope that the Canucks are in regular contact.
  4. Russian Hockey cannot be happy to see a pretty steady stream of their talent heading to the NHL. I suspect many KHL teams are losing money and lossing good players hurts. I am hoping that Larionov is talking to him regularly.
  5. Now the rumour is that the season doesn't start until Feb.1st. Try will be in prime shape when he shifts over.
  6. Bitcoin? What is everyone’s favourite method of investing?
  7. Haven't looked closely but thought of GM when I was looking at re-entering MG. When you look at the relative valuation between GM and Tesla you have to look at GM. I was reading the other day that GM is considered one of the leading EV developers. I doubt I go this route as I only carry 10 USD stocks and I prefer tech and healthcare. My industrial is RTX.
  8. In my life time the government share of GDP has grown steadily. The federal government taking over TransMountain was the classic example. I have a friend whose daughter works for the federal government in Ottawa. She tells him that a huge number of federal government workers were sent home in March to 'work from home'. The actuality was that there was no work they could do from home. They sat at home, collecting full wages, as many Canadians collected CERB if they were lucky. How many people have lost their businesses? I am not saying this is universal but it is very concerning.
  9. Who is doing the arithmetic of what is economically feasible and what is not? ‘Thru no fault of their own’ has become the siren call of politicians who find it expedient to ‘create’ more money. It is becoming believable by many that there are no consequences. But of course there is. Yesterday in the House it was exposed that MP’s were collecting their lunch stipend while eating at free, government paid, luncheons. It is not the $ involved it is the ethics. These are the same people who are spending money that will enslave future generations. At the very least the cost of what is going on here should be publicly debated in a manner that fully discloses future impacts. Informed decisions have to be made.
  10. I met Orr 2X and he was a great guy. His legs were massive. He came to Kootenay Lake to fish with Bucyk.
  11. I am leery about economic thought from decades or even hundreds of years ago. How are the static conventions measured against today's speed of communication, technology and cost of money. Top that with a aging demographic. Many factors at play.
  12. All time best in my time has to be Bobby Orr. He did absolutely everything. As much as I hated the Bruins I loved watching him. His acceleration was breath taking. I didn't see enough of Tim Horton to have a real opinion but his strength was legendary. Another mention is Serge Savard. Before he broke his leg he was effortless. The Savardian spin-o-rama was not meant for Denis. Savard's Cup record means something as well. The Habs d-core during those CUPs was one of the best ever. Coffey, like Orr was a pleasure to watch coming up the ice. I would say Orr's overall game was superior.
  13. Look at the size of NFL teams and all their support staff. It is working for them. There were 15 -16 thousand at the Steelers game yesterday. The stadium probably holds 100,000. Major loss of revenue for the teams and loss of income for the players. Start Jan.1st! The vaccines will probably be available to them by February.
  14. Economic growth is the only way governments can see any light at the end of the tunnel. The rationale for much of the Covid relief appears to be about survival for both people and businesses. People usually spend thru necessity and some businesses as well. The catchall that all businesses are sitting on hoards of ill gotten gains is a fallacy. Businesses often get tax breaks to facilitate investment which improves productivity and thusly sustainability. Governments who take on the same effort have poor records of success. Government debt as an instrument of growth does have limits. Eventually the service costs dominate budgets and eliminate the ability to spend on critical sectors. Since the federal government debt is likely already over $1 trillion consider the interest charges at more conventional rates of 3 - 5%. That is only federal add in provincial, municipal and crown corps. Then consider the needs of pension plans for returns of 8% to meet their actuarial requirements for sustainable payouts. The reality is that most pension plans are not sustainable now. Again, the emperor has no clothes, IMO.
  15. Check XBT it tracks Bitcoin. H/L $750/188. Unreal but I am sticking with gold.
  16. Last I read Canada is running a current account deficit of + $50 billion. In essence the Canadian economy has an obligation + $50 billion to the Bank of International Settlements. The simple process of printing money suggests there are no international ramifications to the value that a currency represents. How many times in history have we seen this process carried out by governments who were not prepared to conduct their fiscal affairs in a prudent manner. South American countries were famous for this. Inevitably it led to much higher cost for carrying debt and loss of investment capital in those countries. IMHO it is a classic example of a failing financial policy. I am no expert but the history of printing money exhibits failed governance. As you accurately point out inevitably inflation will happen. Almost every country is adding to their national debt. It is a bit of a ponzi scheme, the emperor has no clothes, if you will. Another common fallacy heard on the streets is that there will be a 'great reset'. All debt will be washed away and everyone will start even again. The world has never worked like that. It is not solely about political philosophy. For me it has always been geopolitics. The fallacy of globalization is the suggestion that winners and losers can be evened out. I suggest that geography dictates much of the winner/loser scenario. Winners have to extend help in an ethical way but also for global sustainability. Canadians, as much as many would disagree with me, think they are equal to Americans. Canada has no where near the same economic capacity of the USA. I am not referring to the size of the economy but to the nature of the $'s created in the GDP. Canada is fundamentally a resource based economy that makes her living primarily thru sales to the USA. While it is the USA national interest to maintain this relationship of Canada being a store house of these resources it is not so for Canada. IMO this relationship is a national security risk. Never in my life time has there been a serious national debate on this over riding threat. A national economic plan for the future of Canada has never been realized. Harper had Canada on a course to be a major oil supplier to the world. The income from that industry could have allowed Canada to diversify from American market dominance. It could have allowed a more independent political role in the world. Another Norway, if you will, only much larger. Canada is a price taker in world markets, the Americans generate far more value in a $1 of their GDP than we do. In otherwards more profit and a greater ability to take on debt. IMHO Canada is in serious trouble and there is not a political party in the country that is willing to be honest about that fact.
  17. Walked pass many times over the years. It was always to busy to go in. Friends over there right now say it is very quiet. Hoping for easy Covid testing in Calgary by February.
  18. $3000/ounce for gold, Yes. Many forecasts in that range. Look at forecast on Bitcoin. Jaime Carrasco says higher. The assumption is that everything will settle down and return to 'normal' after Biden takes over. When Covid is beaten. IMHO the debt will undermine the value of all currencies. Inflation will come.
  19. Tempting but I am at full allocation right now. Trying to be patient as this plays out. Exit strategy starts at $3000.
  20. I think we were talking about our ACB’s. My number was larger as I bought later than Ari.
  21. Well congrats on that. KL was actually the last gold stock I bought so my cost $64. Not worried at all about this one. Their EPS growth has been forecasted at + 27% next year. Production growth from 500k ounces to 1.1 million in 2 years. Top that with low cost.
  22. Well I lost my shirt in the oils so I thought I had better try another commodity. I took some profit in FVI and put it into KL. Some of my FNV is in USD. When I move out of this play I will likely sell all except FNV. The Q4 results should really be strong as they will get the full benefit of the higher gold price. FVI is still building out their Argentina mine and KL plans on doubling their production over next 2 years. AEM still ramping up their NWT mines. I cannot get overly excited by bullion dropping as there could be any number of reasons. There is some income loss in these stocks as their dividends are meager. I factor that in on my profit considerations. That said I am anticipating a double or more over the next 2 years, As is I have lost half my gains YTD over the past 2 months.
  23. I doubt Try will burn any bridges with the Russian Hockey Federation.
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