Investment in eco-friendlieness throughout a depression

Business
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Well, as a CEO of a 16 people company … I can tell you that we are puting hard work into being as conservational as feasible for these major reasons:

  • this is what our clients want and then, it shall assist us to obtain as substantial a market share as we, as a commerce, possibly know how to

  • it is unlikely that environmental conditions will ever go back to being as unrestricting as they were being previously, hopefully, hence, any corporation which is not thinking conservational now on it’s own will have to launch in due course and meet a steeper learning curve

  • I for my part would not invest in a venture that is not green minded, cleanly seeing that I observe it says a lot in relation to the big business itself along with its talent (or lack thereof) to adapt to its surroundings.

  • it simply is the suitable thing to do!

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?

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about 3:30 on a Saturday with a wet sponge…

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Is Canada in a depression? I hadn’t heard.

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We were in a depression (just like about everyone else) but we came out of it fairly unscathed mostly because we put hard work into being as conservational as feasible in the boom times.

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tke… beaten by the US! On your own soil! Empty netter pickpocketed!

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You can thank the goalies for that win (both of them). I think we know which team actually outplayed the other.

That empty netter was sick though even though the game was pretty much over anyway.

/ Oh and Canada was in a recession, not a depression, wanted to correct that but too late to edit the post. If we lose to Russia tonight, then we’ll be in a depression

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There is really no widely accepted definition of a depression, so this is a tricky question. However, there have been plenty of headlines like ‘are we in a depression?’ going around for a couple of years.

Compared to the great depression, the recent economic woes don’t come close. Most economists have labeled the recent economy as a severe recession, but not a depression.

What makes you think that Canada was, in fact, in a depression? What did Canada do that was ‘conservational’ during periods of economic growth?

The only thing that I’m sure went well for Canada was their banking policies, which were much more risk averse than those of Europe or the US. That made a big difference for Canada. Beyond that, can you cite any examples or sources?

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Yeah I think so too, Brodeur didn’t play like he can (used to?) and Miller played his socks off. It wasn’t exactly one sided though, and given that every single player on both teams plays for an NHL team how could Canada be that far ahead really?

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My understanding is that the accepted definition of a depression is four consecutive quarters of GDP contraction.

The one that people use in the real world though is “a recession is when my neighbour loses his job, a depression is when I lose mine”.

What makes you think that Canada was, in fact, in a depression? What did Canada do that was ‘conservational’ during periods of economic growth?

LOL I was just making fun of the nonsensical original post.

The only thing that I’m sure went well for Canada was their banking policies, which were much more risk averse than those of Europe or the US. That made a big difference for Canada. Beyond that, can you cite any examples or sources?

Stricter banking laws and regulations were one. None of our banks were even really hurt by the banking crisis, there were no bank bailouts and none of our major banks went into bankruptcy protection.

Different laws and regulations in terms of home ownership, as far as I know in the USA mortgage interest is a tax deduction to encourage people to buy homes (which also discourages people from paying off their mortgages which leads to higher debt loads) whereas in Canada it is not so there is no incentive to take on more than you can afford or to delay paying it off. Ironically, home ownership levels are quite similar anyway.

Also no NINJA mortgages on this side of the border.

A federal government that has ten (?) straight years of surpluses used to pay down the debt while cutting taxes vs a federal goverment that has been running huge deficits since the 80’s.

Along with the above is a general (if not always valid) cultural dislike of going into debt in Canada vs the attitude in the USA.

Inability to walk away from a mortgage in Canada, if you’re underwater on your home value in Canada you can’t just choose to walk away and be free and clear in 7 years once it drops off your credit report. That really screws over the people that don’t walk away because it causes even more downward pressure on their home values.

Canada has other natural advantages over the USA going forward including our gigantic amount of natural resources that India and China are going to need as they move forward to become the next economic superpowers.

Anyway, I don’t think any of the above is “political” so hopefully the post won’t get deleted.

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Is that another way of saying ‘ethical’? Greed got us into this mess, pure and simple, hope Obama can reign those institutions back in.

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That is a simplistic, emotional, and inflammatory comment and certainly this thread should be locked now :slight_smile:

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Well… I’m trying to be careful not to cross any lines here, I’m not entirely certain what the rules are about this sort of thing except ‘no religion or politics’ but my comment was not related to either of those. I’m also not going to react negatively to your assessment of my comment, even though it’s insulting in it’s implications that it wasn’t worth posting. I think it’s an important point.

You could call it ‘simplistic’ yes, but ‘clear sighted’ might be another way to put it. When you strip away all the complexity of modern finance, a very simple human behavioural trait is what got us into this mess, greed, pure and simple. The ‘few’ knew what the risk was but the profits far outweighed any scruples they may have had and they took advantage of a system designed to reward their behaviour but which assumed that such behaviour would be ethically conducted. That has been shown not to be the case and whoever is in charge (I’m not necessarily an Obama fan, don’t mistake that comment for partisanship) needs to put in place restrictions that will prevent this happening again. The market desperately needs to review it’s ethics.

So, I think my opinion on greed as a motivating factor is both valid and relevant to the thread topic and doesn’t violate any SPF ToS that I’m aware of, if it does I hope someone will inform me in a PM rather than reporting me anonymously. :slight_smile:

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Of course it may be that an analysis of human behavioural traits isn’t appropriate for the ‘business and legal issues’ forum even within the context of why the global crash happened, no problem, just let me know.

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Bump for the gold medal game today.

Someone’s gonna get hurt!

Fitting that the gold medal that sets the new record for most gold medals for a single country in the Winter Olympics will be the men’s hockey gold :wink:

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Heh, 24 seconds…!!! At 3.45 I had the USA losing 3-1 on an empty netter. Tense stuff but you just knew Crosby was gonna do something memorable. Gratz canada!