The 7 surprising countries that are in a stock bear market

  • tj85016

    Posts: 4123

    Jan 09, 2016 1:32 AM GMT
    not the obvious ones like China and Brazil (both deep into bear markets)

    20150108_EOD3.png

    chart courtesy of Andrew Laphthorne, Société Générale (aka SocGen, Paris) prices as of today 1/8/16 (major market indices)
  • Posted by a hidden member.
    Log in to view his profile

    Jan 09, 2016 1:53 AM GMT
    Russia has been hit pretty hard too!
  • Apparition

    Posts: 3529

    Jan 09, 2016 3:51 AM GMT
    canada is completely because of the petro dollar. It doesnt affect the rest of the economy (eat that alberta)
  • tj85016

    Posts: 4123

    Jan 09, 2016 5:19 AM GMT
    Apparition saidcanada is completely because of the petro dollar. It doesnt affect the rest of the economy (eat that alberta)


    oh really? do you have any idea how many tax dollars go to Ottawa because of oil (or used to)?

    about $20 billion in 2013 . . . that pays for a lot of teachers, cops and healthcare
  • Apparition

    Posts: 3529

    Jan 09, 2016 6:57 AM GMT
    tj85016 said
    Apparition saidcanada is completely because of the petro dollar. It doesnt affect the rest of the economy (eat that alberta)


    oh really? do you have any idea how many tax dollars go to Ottawa because of oil (or used to)?

    about $20 billion in 2013 . . . that pays for a lot of teachers, cops and healthcare


    all of which are paid out of the "imaginary" debt level, and not a single teacher will lose their job, the debt just keeps being piled on (which will never be paid, so is imaginary)


    ==============================================

    http://www.cbc.ca/news/business/oil-price-drop-means-lost-billions-for-canada-cibc-says-1.2874641

    "'Energy's share of Ontario's economy is a scant two per cent, and that province will actually benefit by a weaker Canadian dollar.' CIBC says"

    ==================================================
  • tj85016

    Posts: 4123

    Jan 09, 2016 1:46 PM GMT
    ^^

    actually, no, the debt has consequences - that's why the Canadian Dollar has gotten completely destroyed as of late

    and the value of the CDN dollar has a ton to do with real forex flows and trade and inflation and prices, and ultimately, interest rates