Paul Young provides a summary of the cost of living in the United States for November 2021. The document includes an agenda covering topics like the CPI index, housing prices, gasoline prices, producer prices, and freight costs. It also includes blogs about issues like supply chain disruptions, cargo volumes, and the relationship between stimulus spending and inflation. The document provides an overview of recent economic indicators and trends related to inflation in the US.
Blog – What is next for Solar Panels
Solar panels become a key area as part of clean energy. There are many problems that require attention before solar panels can play a key part of the electrical grid.
1. Solar Panel - https://www.northernminer.com/fast-news/bank-of-america-sees-further-upside-potential-for-silver-in-2021/1003825311/
2. Solar Stock - https://finance.yahoo.com/news/10-best-solar-energy-stocks-131437005.html
3. Health risks - https://www.chathamhouse.org/publications/the-world-today/2021-10/solar-panels-dark-side
4. Risks - https://www.roofingcalc.com/solar-panel-pros-and-cons-plus-cost-benefit-analysis/
5. Supply - https://www.americanprogress.org/issues/security/reports/2021/10/04/504512/creating-domestic-u-s-supply-chain-clean-energy-technology/
6. Grid issues - https://www.usnews.com/news/best-states/new-mexico/articles/2021-10-09/supply-chain-problems-threaten-utilitys-power-supplies
7. Resilient supply chain - https://pv-magazine-usa.com/2021/10/04/why-the-u-s-would-gain-from-a-domestic-renewable-energy-supply-chain/
8. Trade and Tariffs - https://www.spglobal.com/platts/en/market-insights/latest-news/electric-power/100721-us-solar-industry-frozen-by-proposed-tariffs-on-modules-swinerton-renewable-chief
9. Raw materials - https://www.canarymedia.com/articles/solar/whats-behind-solars-polysilicon-shortage-and-why-its-not-getting-better-anytime-soon
10. Innovation - https://www.worldfutureenergysummit.com/en-gb/future-insights-blog/solar-investment-and-innovation-outpaces-supply-problems.html
Geopolitical Events|COVID19|Canada and the World| March 4, 2022 paul young cpa, cga
Summary:
More and more countries are lifting vaccine mandates.
Supply chain continues to face many challenges.
Immune and gene therapy continue to explore at different ways to treat diseases.
Little has been said about the need for all levels of government to have better crisis and risk management policies and procedures.
Canada's merchandise exports decreased 2.3% in September, while imports were down 3.0%. Both declines were largely due to the shortage of semiconductor chips and their impact on the production of motor vehicles in North America.
Canada's merchandise trade surplus widened from $1.5 billion in August to $1.9 billion in September, a fourth consecutive monthly surplus. It is also the seventh monthly surplus recorded so far in 2021.
https://www150.statcan.gc.ca/n1/daily-quotidien/211104/dq211104a-eng.htm
1. Critical metals - https://www.mining.com/nova-scotias-mining-focus-expands-into-critical-minerals/
2. OPEC - https://www.cnbc.com/2021/11/04/opec-members-likely-to-hold-firm-on-slow-oil-output-despite-international-pressure-.html
3. USA and Canadian oil - https://www.canadianenergycentre.ca/a-matter-of-fact-more-canadian-oil-could-be-helping-the-u-s-right-now/
4. Lumber - https://www.woodbusiness.ca/record-high-us-lumber-prices-shifted-global-lumber-trade-flows-in-h1-2021-wri/
5. Ring of Fire - https://republicofmining.com/2021/10/18/road-to-ring-of-fire-is-green-national-priority-for-ontario-and-canada-by-stan-sudol/
6. Climate change - https://nationtalk.ca/story/canadas-natural-resources-sector-should-be-a-climate-action-model-at-united-nations-cop26
7. Supply chain - https://www.saanichnews.com/business/as-trade-bottlenecks-weigh-on-economy-liberals-urged-to-help-reshape-supply-chains/
8. Supply chain - https://eiexchange.com/content/building-a-stronger-supply-chain-lessons-from-the-crisis?amp
9. Commodity prices - https://www.ebrd.com/news/2021/high-commodity-prices-threaten-recovery-gains-ebrd-says.html
10. Battery - https://www.bloomberg.com/news/articles/2021-11-04/the-commodity-boom-is-starting-to-push-battery-prices-higher
United States Retail Sales for August 2016 - Analysis and Commentary paul young cpa, cga
This presentation will discuss Retail Sales for United States for the period-ending August 31, 2016.
Consumer spending is a key driver of the economy as such the information needs to be review along with other areas like housing starts, manufacturing, GDP as well as other market information.
USA hit a record $89B trade deficit in January 2022
China continues to lag on their trade agreements with the United States
USA is looking at dealing with despot countries as part of fixing issues with oil supplies - https://www.cnn.com/2022/03/08/politics/joe-biden-saudi-arabia-venezuela-iran-russia-oil/index.html. Both Canada and USA should be focus on increasing domestic production - https://www.slideshare.net/paulyoungcga/what-is-next-for-oil-and-gas-251300497
Russia is world leader in the critical metals. https://eandt.theiet.org/content/articles/2022/03/rare-earth-metal-prices-will-skyrocket-as-ukraine-russia-tensions-continue/
Blog – What is next for Solar Panels
Solar panels become a key area as part of clean energy. There are many problems that require attention before solar panels can play a key part of the electrical grid.
1. Solar Panel - https://www.northernminer.com/fast-news/bank-of-america-sees-further-upside-potential-for-silver-in-2021/1003825311/
2. Solar Stock - https://finance.yahoo.com/news/10-best-solar-energy-stocks-131437005.html
3. Health risks - https://www.chathamhouse.org/publications/the-world-today/2021-10/solar-panels-dark-side
4. Risks - https://www.roofingcalc.com/solar-panel-pros-and-cons-plus-cost-benefit-analysis/
5. Supply - https://www.americanprogress.org/issues/security/reports/2021/10/04/504512/creating-domestic-u-s-supply-chain-clean-energy-technology/
6. Grid issues - https://www.usnews.com/news/best-states/new-mexico/articles/2021-10-09/supply-chain-problems-threaten-utilitys-power-supplies
7. Resilient supply chain - https://pv-magazine-usa.com/2021/10/04/why-the-u-s-would-gain-from-a-domestic-renewable-energy-supply-chain/
8. Trade and Tariffs - https://www.spglobal.com/platts/en/market-insights/latest-news/electric-power/100721-us-solar-industry-frozen-by-proposed-tariffs-on-modules-swinerton-renewable-chief
9. Raw materials - https://www.canarymedia.com/articles/solar/whats-behind-solars-polysilicon-shortage-and-why-its-not-getting-better-anytime-soon
10. Innovation - https://www.worldfutureenergysummit.com/en-gb/future-insights-blog/solar-investment-and-innovation-outpaces-supply-problems.html
Geopolitical Events|COVID19|Canada and the World| March 4, 2022 paul young cpa, cga
Summary:
More and more countries are lifting vaccine mandates.
Supply chain continues to face many challenges.
Immune and gene therapy continue to explore at different ways to treat diseases.
Little has been said about the need for all levels of government to have better crisis and risk management policies and procedures.
Canada's merchandise exports decreased 2.3% in September, while imports were down 3.0%. Both declines were largely due to the shortage of semiconductor chips and their impact on the production of motor vehicles in North America.
Canada's merchandise trade surplus widened from $1.5 billion in August to $1.9 billion in September, a fourth consecutive monthly surplus. It is also the seventh monthly surplus recorded so far in 2021.
https://www150.statcan.gc.ca/n1/daily-quotidien/211104/dq211104a-eng.htm
1. Critical metals - https://www.mining.com/nova-scotias-mining-focus-expands-into-critical-minerals/
2. OPEC - https://www.cnbc.com/2021/11/04/opec-members-likely-to-hold-firm-on-slow-oil-output-despite-international-pressure-.html
3. USA and Canadian oil - https://www.canadianenergycentre.ca/a-matter-of-fact-more-canadian-oil-could-be-helping-the-u-s-right-now/
4. Lumber - https://www.woodbusiness.ca/record-high-us-lumber-prices-shifted-global-lumber-trade-flows-in-h1-2021-wri/
5. Ring of Fire - https://republicofmining.com/2021/10/18/road-to-ring-of-fire-is-green-national-priority-for-ontario-and-canada-by-stan-sudol/
6. Climate change - https://nationtalk.ca/story/canadas-natural-resources-sector-should-be-a-climate-action-model-at-united-nations-cop26
7. Supply chain - https://www.saanichnews.com/business/as-trade-bottlenecks-weigh-on-economy-liberals-urged-to-help-reshape-supply-chains/
8. Supply chain - https://eiexchange.com/content/building-a-stronger-supply-chain-lessons-from-the-crisis?amp
9. Commodity prices - https://www.ebrd.com/news/2021/high-commodity-prices-threaten-recovery-gains-ebrd-says.html
10. Battery - https://www.bloomberg.com/news/articles/2021-11-04/the-commodity-boom-is-starting-to-push-battery-prices-higher
United States Retail Sales for August 2016 - Analysis and Commentary paul young cpa, cga
This presentation will discuss Retail Sales for United States for the period-ending August 31, 2016.
Consumer spending is a key driver of the economy as such the information needs to be review along with other areas like housing starts, manufacturing, GDP as well as other market information.
USA hit a record $89B trade deficit in January 2022
China continues to lag on their trade agreements with the United States
USA is looking at dealing with despot countries as part of fixing issues with oil supplies - https://www.cnn.com/2022/03/08/politics/joe-biden-saudi-arabia-venezuela-iran-russia-oil/index.html. Both Canada and USA should be focus on increasing domestic production - https://www.slideshare.net/paulyoungcga/what-is-next-for-oil-and-gas-251300497
Russia is world leader in the critical metals. https://eandt.theiet.org/content/articles/2022/03/rare-earth-metal-prices-will-skyrocket-as-ukraine-russia-tensions-continue/
@justinTrudeau has no clue about inflation - Sep/19 also seen higher inflation compared to Oct/15 but there was no comment from you back in Sep/19, why? https://www.slideshare.net/paulyoungcga/2019-election-cost-of-living-canada-june-2019
Inflation was rising way before COVID19, and Trudeau were warned about policies like carbon taxes.
BTW: I love seeing Trudeau getting angry as it shows that he cannot answer questions without the appropriate word salad as a way to say people are picking on him
Summary:
Global economy continues to face many headwinds like new variants or climate change or supply chain disruption or labor shortages or housing costs or high inflation or other geopolitical, fiscal, and economic issues and threats.
1. Income inequality - https://www.theguardian.com/business/2021/dec/07/global-inequality-western-imperialism-super-rich
2. Global Trade - https://www.weforum.org/agenda/2021/12/globalization-world-trade-bounce-back-from-covid-19/
3. Global economy - https://www.cityam.com/outlook-2022-global-economy/
4. Budget deficits - https://www.thebalance.com/u-s-federal-budget-breakdown-3305789
5. Geopolitical risks - https://www.geopoliticalmonitor.com/
6. Labor shortages - https://www.qualtrics.com/blog/labor-shortages/
7. Digital adoption - https://www.fiercetelecom.com/telecom/report-digital-transformation-spending-will-catapult-to-6-8-trillion-by-2023
8. Mega Trends - https://www.ishares.com/us/insights/megatrends-themes-to-watch
9. HR - https://www.gartner.com/en/human-resources/trends/top-priorities-for-hr-leaders
10. Retail spending - https://www.fitchratings.com/research/corporate-finance/fitch-ratings-2022-outlook-us-retail-06-12-2021
Wages and Job Vacancies (Job Quality) - Canada - October 2021 paul young cpa, cga
Blog – Job Quality and Wages – Canada – October 2021
Wages are becoming stagnant
Public sector jobs continue to outpace private sector job growth
Goods-producing continues to lags other sectors in terms of job growth
1. Wages - https://financialpost.com/news/economy/immigrant-influx-is-stunting-wage-growth-in-canadian-recovery
2. Skills gaps - https://www.wellandtribune.ca/ts/news/canada/2021/11/25/ontario-wants-young-people-to-help-fix-trades-labour-shortage.html
3. College grads - https://www.bnnbloomberg.ca/new-college-grads-are-making-gains-in-employment-and-wages-during-pandemic-1.1677685
4. Automation - https://www.mindstick.com/news/945/automation-is-future-robotisation-is-conqueror-of-modern-employment
5. Automation and fiscal policy - https://ceo-na.com/opinion/sharing-the-gains-of-automation-the-role-of-fiscal-policy/
6. Jobs in demand - https://financialpost.com/personal-finance/business-essentials/coding-is-one-of-the-most-in-demand-and-highest-paying-jobs-in-canada
7. Jobs in demand - https://www.slice.ca/10-canadian-careers-thatll-be-in-demand-in-2020-and-after/
8. Inflation - https://www.theglobeandmail.com/politics/article-opposition-grills-trudeau-on-inflation-housing-as-economic-issues-top/
9. Public sector - https://theorca.ca/resident-pod/public-sector-booming-or-ballooning/
10. Digital adoption - https://hbr.org/2021/11/3-tactics-to-accelerate-a-digital-transformation or https://www.techradar.com/features/accelerated-digital-adoption-brings-a-new-role-for-tech-leaders
Cost of Living (Inflation)| The United States| October 2021paul young cpa, cga
Bottom Line: Inflation is spreading to more items as supply can't keep up with sturdy underlying demand that's stoked by stimulative policies, forcing more companies to pass along rising costs. A combination of low base-year effects, supply-side disruptions, delivery bottlenecks, labour shortages, elevated energy and food costs, and rising residential rents could keep the CPI rate above 6% through the turn of the year, while the core rate will likely take a run at 5%. Chair Powell expects inflation to begin to retreat by the second or third quarter of next year as supply constraints abate and reopening-demand pressures fade. But it will be a long and anxious waiting period (assuming he's still Chair). And, should wage growth rise further or inflation expectations resume an upward drift, the Fed might not be able to wait that long before pulling the tightening trigger.
Source - https://economics.bmo.com/en/publications/detail/86bbbd1a-eb53-42cd-902c-a804528f193e/
1. Food costs - https://ktvz.com/money/cnn-business-consumer/2021/11/05/world-food-prices-are-up-30-in-a-year/
2. OPEC tells Biden to pump the oil himself - https://www.forbes.com/sites/arielcohen/2021/11/09/opec-says-to-biden-if-you-want-more-oil-pump-it-yourself/?sh=11d02fb93efd OPEC told Biden (11/9/2021) to pump more USA oil https://www.slideshare.net/paulyoungcga/oil-and-gas-energy-sector-analysis-and-commentary-october-2021-revised
3. Supply chain - https://edtechmagazine.com/higher/k12/article/2021/11/4-ways-avoid-supply-chain-delays-2022
4. Low income - https://ktvz.com/news/2021/11/10/higher-gas-prices-and-heating-costs-will-hurt-low-income-families-the-most-this-winter/
5. Carbon tax - https://www.washingtonexaminer.com/opinion/rising-gas-prices-show-why-a-carbon-tax-is-a-bad-idea
6. Housing - https://www.cnbc.com/2021/11/10/home-prices-are-now-rising-much-faster-than-incomes-studies-show.html
7. Commodity prices - https://blackbullmarkets.com/en/market-reviews/are-commodity-prices-going-up/
8. Interest rates - https://www.cnbc.com/2021/11/10/federal-reserve-james-bullard-expects-two-rate-hikes-next-year.html
9. Green employment - https://www.aei.org/articles/will-green-energy-produce-more-jobs-three-experts-discuss/
10. Job market - https://www.cnbc.com/2021/11/09/switching-jobs-can-lead-to-higher-pay-heres-what-to-know.html
11. China - https://www.cnn.com/2021/11/10/economy/china-cpi-ppi-inflation-intl-hnk/index.html
Blog – Private Sector vs Public Sector Employment
I have always supported program spending as long it is effective and delivered with value for money. I have also supported tax fairness in terms of closing tax havens, fixing the tax code, eliminating regressive taxes like carbon taxes, etc.
Government at all levels continue to struggle with its adoption of digital footprint for government. Government needs to put more focus on how best to delivered program spending through the adoption of better processes including technological solutions.
1. Average government salary / Canada - https://ca.talent.com/salary?job=government - $58K or about $80K when you factor in the perks, i.e., benefits, pensions, etc.
2. Big government - https://www.hilltimes.com/2021/10/06/whats-ahead-for-small-government-crusaders-in-the-wake-of-covid-19/321415
3. Pension - https://www.gov.uk/government/consultations/public-service-pensions-cost-control-mechanism-consultation
4. Public accounting - https://www.pioneerspost.com/news-views/20211005/go-figure-why-public-accounting-doesnt-add-on-social-value
5. Red tape - https://new.in-24.com/business/242792.html
6. Sunshine list - https://toronto.ctvnews.ca/ontario-s-2020-sunshine-list-revealed-here-are-the-people-who-got-paid-the-most-1.5354551
7. Teacher pension funding - https://www.otpp.com/members/cms/en/life-career-events/the-basics/contributing-to-your-pension/calculating-contributions.html
8. Defined benefit plan - https://www.benefitscanada.com/canadian-investment-review/research-markets/canadian-db-pension-plan-returns-dip-balance-sheets-stable-in-september-report/
9. Waste and fraud - https://thebrunswicknews.com/opinion/daily_editorial/waste-fraud-continue-to-hinder-government-spending/article_9163d765-f4ea-5124-abb0-279dd14126b2.html
10. Fiscal policy - https://www.timesrepublican.com/opinion/columnists/2021/10/no-government-spending-isnt-zero-cost/
11. https://globalnews.ca/news/8191700/unions-oppose-otoole-vote-not-conservative/ You can bet @UniforTheUnion and other unions do not look at economic data. The economy has performed worse under @JustinTrudeau er. It is time to bring back mandatory reporting of how union dues are spent! https://www.slideshare.net/paulyoungcga/public-and-private-sector-unions-analysis-and-commentary or https://www.slideshare.net/paulyoungcga/what-is-the-path-forward-for-canada-250124979
12. https://www.slideshare.net/paulyoungcga/how-to-transform-the-fiscal-and-governance-model-for-canada-and-the-world
Cost of Living| The United States |Inflation| January 2022paul young cpa, cga
Summary:
U.S. consumer prices rose solidly in January, leading to the biggest annual increase in inflation in 40 years, fueling financial markets speculation for a 50 basis points interest rate hike from the Federal Reserve next month.
The broad increase in prices reported by the Labor Department on Thursday was led by soaring costs for rents, electricity and food, and could heap more political pressure on President Joe Biden, whose popularity has been declining amid anxiety over the rising cost of living.
High inflation has overshadowed a strong economy, which grew at its fastest pace in 37 years in 2021 and a labor market that is rapidly churning out jobs.
Source - https://ca.finance.yahoo.com/news/u-consumer-prices-rise-strongly-134042040.html
1. Gasoline prices - https://www.news9.com/story/62053a1ca360bf0725484dd0/gas-prices-hit-their-highest-level-in-8-years--heres-whats-driving-the-surge-
2. Food - https://www.freep.com/story/news/local/michigan/2022/02/10/foods-costs-january-consumer-price-index/6733880001/
3. Housing costs - https://ca.movies.yahoo.com/10-surprisingly-affordable-housing-markets-130020778.html
4. Housing - https://www.gobankingrates.com/investing/real-estate/experts-predict-housing-market-in-2022/
5. Carbon tax - https://www.greencarcongress.com/2022/02/20220210-carbontax.html
6. Zero-emitting trucks - https://www.greencarcongress.com/2022/02/20220210-carbontax.html
7. Average mortgage - https://www.businessinsider.com/personal-finance/average-mortgage-payment
8. Biden - https://www.oliverwyman.com/our-expertise/insights/2022/feb/prepare-for-an-increase-in-corporate-restructuring-in-the-us.html
9. Yellen monetary policies - https://www.bnnbloomberg.ca/a-bridge-too-far-bond-market-reels-from-latest-inflation-bomb-1.1721824
10. Interest rates - https://www.pbs.org/newshour/nation/inflation-hits-40-year-high-reinforcing-feds-decision-to-raise-interest-rates
11. Household debt - https://thedeepdive.ca/american-consumers-descend-further-into-debt/
12. Consumer confidence - https://www.usnews.com/news/economy/articles/2022-01-25/consumer-confidence-dips-in-january-but-inflation-concerns-ease-slightly
13. Corporate restructuring - https://www.oliverwyman.com/our-expertise/insights/2022/feb/prepare-for-an-increase-in-corporate-restructuring-in-the-us.html
Summary:
The S&P 500 Index recorded its best weekly gain since February, as fears seemed to abate about the new omicron variant of the coronavirus. Most of the benchmarks moved near their record highs, and the S&P Midcap 400 Index reached a new peak on Friday. Information technology stocks drove much of the rally, as solid gains in Apple pushed the market capitalization of the world’s most highly valued public company near USD 3 trillion. Shares of financial firms and utilities lagged but still recorded gains.
Source - https://www.troweprice.com/personal-investing/resources/insights/global-markets-weekly-update.html
1. Global Outlook - https://www.advisor.ca/news/economic/global-gdp-call-trimmed-as-rate-hikes-loom-larger/
2. Geopolitical risks - https://www.ey.com/en_gl/geostrategy/when-political-disruption-surrounds-you-whats-your-next-strategic-move
3. Dollar - https://www.bloomberg.com/news/articles/2021-12-10/canadian-dollar-underperforms-following-u-s-inflation-print
4. Inflation - https://ca.finance.yahoo.com/news/price-shock-meat-counter-worsens-183234485.html
5. AI and Data Center - https://www.zdnet.com/article/artificial-intelligence-runs-more-data-centers-but-still-wont-relieve-technology-staffing-woes/
6. Consumer spending - https://www.businessinsider.com/inflation-will-cool-next-year-discounts-supply-crisis-economist-outlook-2021-12
7. Small business - https://www.nasdaq.com/articles/small-business-outlook%3A-6-predictions-for-2022?amp
8. TD - https://economics.td.com/ca-weekly-bottom-line
9. Supply chain - https://www.gobankingrates.com/money/economy/end-to-supply-chain-issues-in-sight-2021-winds-down-experts-optimistic/
10. Debt – https://www.reuters.com/markets/rates-bonds/canada-q3-household-debt-to-income-ratio-rises-1773-2021-12-10/
11. ESG – V https://www.bloomberg.com/news/audio/2021-12-10/the-esg-mirage-podcast
Wages and Job Vacancies (Job Quality) - Canada - January 2022 and February 20...paul young cpa, cga
Summary:
Nearly 50% of the job vacancies are with jobs that pay less than the average wage.
Jobs in areas like manufacturing, mining, real estate, IT, professional services require years of education and certification.
Liberals continue to bring in policies that does little to develop both the natural resources sector and the advance manufacturing sector.
Blog – What is next for Households – Canada and the World
Household in Canada around the world are facing many pressures like high inflation, job quality, finding affordable daycare, supply chain disruption, threat of automation, finding affordable housing, high taxes, and reduction in government services.
1. Household - https://eppc.org/publication/5-ways-to-make-america-more-family-friendly/
2. Housing bubble - https://realty.economictimes.indiatimes.com/news/industry/european-central-bank-cant-ignore-developing-housing-bubble-isabel-schnabel/87630566
3. Housing prices - https://www.fool.ca/2021/11/10/2-in-3-canadians-believe-home-prices-will-keep-rising-but-will-they/
4. ESG - https://www.pwc.com/ca/en/industries/government-and-public-services/aligning-values-and-value-through-esg.html
5. Wage growth - https://www.cnbc.com/2021/11/10/inflation-has-taken-away-all-the-wage-gains-for-workers-and-then-some.html
6. Global threats and risks - https://globalriskinsights.com/
7. Income taxes - https://torontosun.com/opinion/columnists/opinion-canadas-high-income-taxes-are-making-us-less-competitive
8. Blog – BMO – Stock Market – 20210511 - https://www.slideshare.net/paulyoungcga/what-is-up-with-stock-marklet-november-5-2021
9. Energy crisis - https://thehill.com/opinion/energy-environment/580843-pavlich-bidens-self-inflicted-energy-crisis
10. Debt - https://www.kfyrtv.com/2021/11/10/household-debt-hit-record-levels-some-experts-say-its-not-all-bad-news/
11. Rent to own - https://storeys.com/liberal-party-rent-to-own-plan/
Preliminary - Cost of Living - Canada - February 2022.pptxpaul young cpa, cga
Housing prices continue to impact the affordability of housing
Raw material costs are up 29.8% Y/Y
Liberals and NDP have done little to address the systemic issues facing supply chain including excessive regulations and increases in taxes like carbon taxes.
Blog – How to Mitigate the effects of Climate Change through sound Environmental Policies
I am supporter of climate change and the need for both the private and public sectors to address issues with climate change. The key focus on policies that better support both circular and green economy. Government should resist subsidizing business through either direct grants or loans. The policies should be based on capital costs allowance, innovation, and training/skills tax credits. The world also needs to start looking at CO2 absorption through a global standard. The global standard should be audited like ESG reporting.
1. Air Quality - https://enveurope.springeropen.com/articles/10.1186/s12302-021-00575-y
2. Oil scarcity - https://www.reuters.com/business/energy/halliburton-says-world-is-entering-period-oil-scarcity-2021-12-06/
3. Solar panels - https://www.theverge.com/2021/12/6/22820295/tesla-sec-solar-panel-alleged-defects
4. Solar Panels - https://www.breakinglatest.news/news/the-problem-with-solar-panels-is-disposal-matthew-davies/
5. Inflation - https://thehill.com/changing-america/sustainability/energy/584675-ceo-of-worlds-largest-oil-producer-warns-of-rampant
6. ESG - https://www.cpacanada.ca/en/business-and-accounting-resources/strategy-risk-and-governance/corporate-governance/publications/esg-and-business-resilience
7. Water management - https://www.telefonica.com/en/communication-room/blog/iot-the-technology-that-simplifies-responsible-water-management/
8. Climate Change risks - https://money.usnews.com/financial-advisors/articles/q-a-how-to-manage-climate-change-risk-in-fixed-income-portfolios
9. Plastics and climate change - https://news.un.org/en/story/2021/12/1107342
10. Plastic waste - https://www.globenewswire.com/news-release/2021/12/07/2347631/0/en/Circulate-Capital-Announces-Second-Close-for-Climate-Tech-Fund-and-Inaugural-Investments-in-Three-US-Based-Tech-Innovators.html
Transforming the Public Sector| The United States| November 2021paul young cpa, cga
In fiscal year 2021, which ended on September 30, the federal budget deficit totaled nearly $2.8 trillion—about $360 billion less than the deficit in 2020, but nearly triple the shortfall incurred in 2019. During the past two years, deficits were much larger than they have been historically because of the economic effects of the coronavirus pandemic and legislation enacted in response.1
In 2021, the deficit was equal to 12.4 percent of the nation’s gross domestic product (GDP), down from 15.0 percent in 2020, but up from 4.7 percent in 2019. The 2021 deficit was the second largest as a percentage of GDP since 1945 (the largest occurred in 2020).
1. Deficit - https://www.reuters.com/world/us/us-budget-gap-narrows-more-than-expected-year-earlier-october-2021-11-10/
2. Taxation https://taxfoundation.org/2022-tax-brackets/
3. Healthcare - https://www.americanactionforum.org/research/key-health-policy-provisions-of-the-build-back-better-act/
4. Infrastructure - https://www.piquenewsmagazine.com/national-business/us-infrastructure-bill-means-more-cash-and-contracts-for-wsp-global-ceo-says-4743343
5. Taxation at state and local government level - https://www.prnewswire.com/news-releases/ey-cost-study-state-and-local-government-tax-revenue-increases-despite-pandemic-301421351.html
6. Federal reserve - https://www.smh.com.au/business/banking-and-finance/us-inflation-hits-new-record-forcing-the-fed-to-rethink-its-strategy-20211111-p5981q.html
7. Climate change - https://www.ft.com/content/da0ac736-7c38-4f93-baaf-e315a51faf22
8. Housing - https://www.cnbc.com/2021/11/10/home-prices-are-now-rising-much-faster-than-incomes-studies-show.html
9. Corporate tax - https://dividedwefall.com/2021/11/05/global-minimum-corporate-tax/
10. Productivity - https://www.reuters.com/article/usa-economy-productivity-idCAKBN2HP1O6
11. Regulations - https://news.yahoo.com/regulatory-reformers-red-tape-formidable-184826530.html
12. ESG - https://www.pwc.com/gx/en/services/sustainability/publications/cop26/how-much-does-the-public-care-about-esg-pwc-cop26.html or https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnce
13. Energy crisis - https://www.rigzone.com/news/wire/usa_should_have_enough_gas_to_avert_energy_crisis-09-nov-2021-166955-article/
14. Carbon tax - https://www.delawareonline.com/story/opinion/2021/11/05/u-s-must-enact-carbon-tax-its-essential-curb-climate-change/6280393001/
15. Pensions - https://www.pewtrusts.org/en/research-and-analysis/issue-briefs/2021/09/the-state-pension-funding-gap-plans-have-stabilized-in-wake-of-pandemic
16. Unfunded liabilities - https://www.lagrangenews.com/2021/10/16/brown-column-we-must-address-the-national-debt/
17. Policing - https://www.upworthy.com/americas-most-dangerous-city-defunded-its-police-department-7-years-ago-it-was-a-stunning-success or https://www.moneygeek.com/living/state-policing-corrections-spending/
Blog - Forestry and Sawmill Production – Canada and the World
Lumber prices have decline but are still very high
There seems to be inconsistent policies when it comes to management of forests around the globe
The world is slow in adopting 3D housing
1. Softwood Lumber - https://www.woodworkingnetwork.com/news/woodworking-industry-news/reduced-tariffs-draws-applause
2. Prices - https://www.barchart.com/story/news/7200218/lumber-up-and-down-and-all-around
3. 3D housing - https://www.mentalfloss.com/article/535220/these-10000-concrete-homes-are-3d-printed-less-24-hours
4. Deforestation - https://www.sustainability-times.com/environmental-protection/the-great-amazon-land-grab-brazils-government-is-turning-public-land-private-driving-deforestation/
5. Wetlands - https://www.nature.com/articles/d41586-020-00098-1
6. Housing affordability - https://saportareport.com/understanding-the-housing-affordability-problem/columnists/david/
7. Urban planning - https://www.weforum.org/agenda/2022/02/innovative-global-cities-talent-property/
8. 3D housing - https://www.probuilder.com/3d-printed-technology-offers-solution-affordable-housing
9. Mortgage rates - https://ca.finance.yahoo.com/news/lumber-prices-crash-30-mortgage-120647926.html
10. Household debt - https://www.teamblind.com/post/21t-national-debt-15-trillion-household-debt-in-usa-and-21-trillion-in-annual-gdp--are-we-doomed-rtZ0Dj5Q
11. Housing bubble - https://betterdwelling.com/
12. Insurance - https://ca.news.yahoo.com/extreme-weather-rising-insurance-rates-160054947.html
13. Heating costs - https://carolinapublicpress.org/51169/heating-costs-and-power-grid-stability-create-concerns-in-cold-temperatures/
Savings and Retirment - Justin Trudeau - Policy Change.pptxpaul young cpa, cga
Since 2015 many Canadians have seen their quality of life worsen under the progressive agenda by Justin Trudeau. Housing costs are the highest level in the history of Canada. People are being tax more through higher payroll taxes and/or removal tax credit programs along with other tax changes.
Trudeau also said during 2015 that only rich were using TFSA. Trudeau statement on TFSA was proven false numerous times
Trudeau and his team do a poor job reviewing programs to ensure they are effective. In many cases, Trudeau teams ignores reports from the auditor general, PBO, ombudsman, and other groups
Canada| Economic and Fiscal Scorecard| October 2021 and September 2021paul young cpa, cga
Blog – Canada – Economic Scorecard for October 2021 and September 2021
a) GDP grew at 5.3% annual pace in the 3Q21 - https://www.bnnbloomberg.ca/statistics-canada-says-gdp-grew-at-5-4-annual-rate-in-q3-1.1688906
b) Wages expected to rise by 2.7% in 2022 - https://www.benefitscanada.com/news/bencan/survey-says-wages-set-to-rise-2-7-in-2022-as-inflation-hits-new-high/
c) Food bank - https://www.theglobeandmail.com/canada/article-nearly-600000-people-accessed-ontario-food-banks-last-year-report-2/
d) Micro housing promoted by CMHC - https://www.theglobeandmail.com/canada/article-nearly-600000-people-accessed-ontario-food-banks-last-year-report-2/
e) Food costs - https://www.marketscreener.com/news/latest/Food-commodity-markets-Stable-with-considerable-upside-price-risks--37157673/
f) Fertilizer - https://theeagle.com/landandlivestockpost/fertilizer-prices-continue-record-climb/article_50b1886e-432b-11ec-b19f-bfb24750ac08.html
g) Commodities - https://www.bloomberg.com/markets/commodities
h) GDP growth has been led by government spending and housing. The goods-producing sector continues to struggle with growth. Real gross domestic product (GDP) edged up 0.1% in September, as declines largely concentrated in manufacturing, construction and retail trade were more than offset by broad-based expansions in services-producing industries as well as in mining, quarrying and oil and gas extraction. https://www150.statcan.gc.ca/n1/daily-quotidien/211130/dq211130b-eng.htm
i) TSX - https://www.reuters.com/markets/europe/tsx-opens-higher-energy-stocks-jump-stronger-crude-2021-11-29/
Cost of Living (Inflation) - United States - April 2022.pptxpaul young cpa, cga
Inflation slowed in April after seven months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households
Consumer prices jumped 8.3 per cent last month from 12 months earlier, the Labor Department said Wednesday. That was below the 8.5 per cent year-over-year surge in March, which was the highest rate since 1981.
https://globalnews.ca/news/8826103/us-inflation-slowing-april/
@justinTrudeau has no clue about inflation - Sep/19 also seen higher inflation compared to Oct/15 but there was no comment from you back in Sep/19, why? https://www.slideshare.net/paulyoungcga/2019-election-cost-of-living-canada-june-2019
Inflation was rising way before COVID19, and Trudeau were warned about policies like carbon taxes.
BTW: I love seeing Trudeau getting angry as it shows that he cannot answer questions without the appropriate word salad as a way to say people are picking on him
Summary:
Global economy continues to face many headwinds like new variants or climate change or supply chain disruption or labor shortages or housing costs or high inflation or other geopolitical, fiscal, and economic issues and threats.
1. Income inequality - https://www.theguardian.com/business/2021/dec/07/global-inequality-western-imperialism-super-rich
2. Global Trade - https://www.weforum.org/agenda/2021/12/globalization-world-trade-bounce-back-from-covid-19/
3. Global economy - https://www.cityam.com/outlook-2022-global-economy/
4. Budget deficits - https://www.thebalance.com/u-s-federal-budget-breakdown-3305789
5. Geopolitical risks - https://www.geopoliticalmonitor.com/
6. Labor shortages - https://www.qualtrics.com/blog/labor-shortages/
7. Digital adoption - https://www.fiercetelecom.com/telecom/report-digital-transformation-spending-will-catapult-to-6-8-trillion-by-2023
8. Mega Trends - https://www.ishares.com/us/insights/megatrends-themes-to-watch
9. HR - https://www.gartner.com/en/human-resources/trends/top-priorities-for-hr-leaders
10. Retail spending - https://www.fitchratings.com/research/corporate-finance/fitch-ratings-2022-outlook-us-retail-06-12-2021
Wages and Job Vacancies (Job Quality) - Canada - October 2021 paul young cpa, cga
Blog – Job Quality and Wages – Canada – October 2021
Wages are becoming stagnant
Public sector jobs continue to outpace private sector job growth
Goods-producing continues to lags other sectors in terms of job growth
1. Wages - https://financialpost.com/news/economy/immigrant-influx-is-stunting-wage-growth-in-canadian-recovery
2. Skills gaps - https://www.wellandtribune.ca/ts/news/canada/2021/11/25/ontario-wants-young-people-to-help-fix-trades-labour-shortage.html
3. College grads - https://www.bnnbloomberg.ca/new-college-grads-are-making-gains-in-employment-and-wages-during-pandemic-1.1677685
4. Automation - https://www.mindstick.com/news/945/automation-is-future-robotisation-is-conqueror-of-modern-employment
5. Automation and fiscal policy - https://ceo-na.com/opinion/sharing-the-gains-of-automation-the-role-of-fiscal-policy/
6. Jobs in demand - https://financialpost.com/personal-finance/business-essentials/coding-is-one-of-the-most-in-demand-and-highest-paying-jobs-in-canada
7. Jobs in demand - https://www.slice.ca/10-canadian-careers-thatll-be-in-demand-in-2020-and-after/
8. Inflation - https://www.theglobeandmail.com/politics/article-opposition-grills-trudeau-on-inflation-housing-as-economic-issues-top/
9. Public sector - https://theorca.ca/resident-pod/public-sector-booming-or-ballooning/
10. Digital adoption - https://hbr.org/2021/11/3-tactics-to-accelerate-a-digital-transformation or https://www.techradar.com/features/accelerated-digital-adoption-brings-a-new-role-for-tech-leaders
Cost of Living (Inflation)| The United States| October 2021paul young cpa, cga
Bottom Line: Inflation is spreading to more items as supply can't keep up with sturdy underlying demand that's stoked by stimulative policies, forcing more companies to pass along rising costs. A combination of low base-year effects, supply-side disruptions, delivery bottlenecks, labour shortages, elevated energy and food costs, and rising residential rents could keep the CPI rate above 6% through the turn of the year, while the core rate will likely take a run at 5%. Chair Powell expects inflation to begin to retreat by the second or third quarter of next year as supply constraints abate and reopening-demand pressures fade. But it will be a long and anxious waiting period (assuming he's still Chair). And, should wage growth rise further or inflation expectations resume an upward drift, the Fed might not be able to wait that long before pulling the tightening trigger.
Source - https://economics.bmo.com/en/publications/detail/86bbbd1a-eb53-42cd-902c-a804528f193e/
1. Food costs - https://ktvz.com/money/cnn-business-consumer/2021/11/05/world-food-prices-are-up-30-in-a-year/
2. OPEC tells Biden to pump the oil himself - https://www.forbes.com/sites/arielcohen/2021/11/09/opec-says-to-biden-if-you-want-more-oil-pump-it-yourself/?sh=11d02fb93efd OPEC told Biden (11/9/2021) to pump more USA oil https://www.slideshare.net/paulyoungcga/oil-and-gas-energy-sector-analysis-and-commentary-october-2021-revised
3. Supply chain - https://edtechmagazine.com/higher/k12/article/2021/11/4-ways-avoid-supply-chain-delays-2022
4. Low income - https://ktvz.com/news/2021/11/10/higher-gas-prices-and-heating-costs-will-hurt-low-income-families-the-most-this-winter/
5. Carbon tax - https://www.washingtonexaminer.com/opinion/rising-gas-prices-show-why-a-carbon-tax-is-a-bad-idea
6. Housing - https://www.cnbc.com/2021/11/10/home-prices-are-now-rising-much-faster-than-incomes-studies-show.html
7. Commodity prices - https://blackbullmarkets.com/en/market-reviews/are-commodity-prices-going-up/
8. Interest rates - https://www.cnbc.com/2021/11/10/federal-reserve-james-bullard-expects-two-rate-hikes-next-year.html
9. Green employment - https://www.aei.org/articles/will-green-energy-produce-more-jobs-three-experts-discuss/
10. Job market - https://www.cnbc.com/2021/11/09/switching-jobs-can-lead-to-higher-pay-heres-what-to-know.html
11. China - https://www.cnn.com/2021/11/10/economy/china-cpi-ppi-inflation-intl-hnk/index.html
Blog – Private Sector vs Public Sector Employment
I have always supported program spending as long it is effective and delivered with value for money. I have also supported tax fairness in terms of closing tax havens, fixing the tax code, eliminating regressive taxes like carbon taxes, etc.
Government at all levels continue to struggle with its adoption of digital footprint for government. Government needs to put more focus on how best to delivered program spending through the adoption of better processes including technological solutions.
1. Average government salary / Canada - https://ca.talent.com/salary?job=government - $58K or about $80K when you factor in the perks, i.e., benefits, pensions, etc.
2. Big government - https://www.hilltimes.com/2021/10/06/whats-ahead-for-small-government-crusaders-in-the-wake-of-covid-19/321415
3. Pension - https://www.gov.uk/government/consultations/public-service-pensions-cost-control-mechanism-consultation
4. Public accounting - https://www.pioneerspost.com/news-views/20211005/go-figure-why-public-accounting-doesnt-add-on-social-value
5. Red tape - https://new.in-24.com/business/242792.html
6. Sunshine list - https://toronto.ctvnews.ca/ontario-s-2020-sunshine-list-revealed-here-are-the-people-who-got-paid-the-most-1.5354551
7. Teacher pension funding - https://www.otpp.com/members/cms/en/life-career-events/the-basics/contributing-to-your-pension/calculating-contributions.html
8. Defined benefit plan - https://www.benefitscanada.com/canadian-investment-review/research-markets/canadian-db-pension-plan-returns-dip-balance-sheets-stable-in-september-report/
9. Waste and fraud - https://thebrunswicknews.com/opinion/daily_editorial/waste-fraud-continue-to-hinder-government-spending/article_9163d765-f4ea-5124-abb0-279dd14126b2.html
10. Fiscal policy - https://www.timesrepublican.com/opinion/columnists/2021/10/no-government-spending-isnt-zero-cost/
11. https://globalnews.ca/news/8191700/unions-oppose-otoole-vote-not-conservative/ You can bet @UniforTheUnion and other unions do not look at economic data. The economy has performed worse under @JustinTrudeau er. It is time to bring back mandatory reporting of how union dues are spent! https://www.slideshare.net/paulyoungcga/public-and-private-sector-unions-analysis-and-commentary or https://www.slideshare.net/paulyoungcga/what-is-the-path-forward-for-canada-250124979
12. https://www.slideshare.net/paulyoungcga/how-to-transform-the-fiscal-and-governance-model-for-canada-and-the-world
Cost of Living| The United States |Inflation| January 2022paul young cpa, cga
Summary:
U.S. consumer prices rose solidly in January, leading to the biggest annual increase in inflation in 40 years, fueling financial markets speculation for a 50 basis points interest rate hike from the Federal Reserve next month.
The broad increase in prices reported by the Labor Department on Thursday was led by soaring costs for rents, electricity and food, and could heap more political pressure on President Joe Biden, whose popularity has been declining amid anxiety over the rising cost of living.
High inflation has overshadowed a strong economy, which grew at its fastest pace in 37 years in 2021 and a labor market that is rapidly churning out jobs.
Source - https://ca.finance.yahoo.com/news/u-consumer-prices-rise-strongly-134042040.html
1. Gasoline prices - https://www.news9.com/story/62053a1ca360bf0725484dd0/gas-prices-hit-their-highest-level-in-8-years--heres-whats-driving-the-surge-
2. Food - https://www.freep.com/story/news/local/michigan/2022/02/10/foods-costs-january-consumer-price-index/6733880001/
3. Housing costs - https://ca.movies.yahoo.com/10-surprisingly-affordable-housing-markets-130020778.html
4. Housing - https://www.gobankingrates.com/investing/real-estate/experts-predict-housing-market-in-2022/
5. Carbon tax - https://www.greencarcongress.com/2022/02/20220210-carbontax.html
6. Zero-emitting trucks - https://www.greencarcongress.com/2022/02/20220210-carbontax.html
7. Average mortgage - https://www.businessinsider.com/personal-finance/average-mortgage-payment
8. Biden - https://www.oliverwyman.com/our-expertise/insights/2022/feb/prepare-for-an-increase-in-corporate-restructuring-in-the-us.html
9. Yellen monetary policies - https://www.bnnbloomberg.ca/a-bridge-too-far-bond-market-reels-from-latest-inflation-bomb-1.1721824
10. Interest rates - https://www.pbs.org/newshour/nation/inflation-hits-40-year-high-reinforcing-feds-decision-to-raise-interest-rates
11. Household debt - https://thedeepdive.ca/american-consumers-descend-further-into-debt/
12. Consumer confidence - https://www.usnews.com/news/economy/articles/2022-01-25/consumer-confidence-dips-in-january-but-inflation-concerns-ease-slightly
13. Corporate restructuring - https://www.oliverwyman.com/our-expertise/insights/2022/feb/prepare-for-an-increase-in-corporate-restructuring-in-the-us.html
Summary:
The S&P 500 Index recorded its best weekly gain since February, as fears seemed to abate about the new omicron variant of the coronavirus. Most of the benchmarks moved near their record highs, and the S&P Midcap 400 Index reached a new peak on Friday. Information technology stocks drove much of the rally, as solid gains in Apple pushed the market capitalization of the world’s most highly valued public company near USD 3 trillion. Shares of financial firms and utilities lagged but still recorded gains.
Source - https://www.troweprice.com/personal-investing/resources/insights/global-markets-weekly-update.html
1. Global Outlook - https://www.advisor.ca/news/economic/global-gdp-call-trimmed-as-rate-hikes-loom-larger/
2. Geopolitical risks - https://www.ey.com/en_gl/geostrategy/when-political-disruption-surrounds-you-whats-your-next-strategic-move
3. Dollar - https://www.bloomberg.com/news/articles/2021-12-10/canadian-dollar-underperforms-following-u-s-inflation-print
4. Inflation - https://ca.finance.yahoo.com/news/price-shock-meat-counter-worsens-183234485.html
5. AI and Data Center - https://www.zdnet.com/article/artificial-intelligence-runs-more-data-centers-but-still-wont-relieve-technology-staffing-woes/
6. Consumer spending - https://www.businessinsider.com/inflation-will-cool-next-year-discounts-supply-crisis-economist-outlook-2021-12
7. Small business - https://www.nasdaq.com/articles/small-business-outlook%3A-6-predictions-for-2022?amp
8. TD - https://economics.td.com/ca-weekly-bottom-line
9. Supply chain - https://www.gobankingrates.com/money/economy/end-to-supply-chain-issues-in-sight-2021-winds-down-experts-optimistic/
10. Debt – https://www.reuters.com/markets/rates-bonds/canada-q3-household-debt-to-income-ratio-rises-1773-2021-12-10/
11. ESG – V https://www.bloomberg.com/news/audio/2021-12-10/the-esg-mirage-podcast
Wages and Job Vacancies (Job Quality) - Canada - January 2022 and February 20...paul young cpa, cga
Summary:
Nearly 50% of the job vacancies are with jobs that pay less than the average wage.
Jobs in areas like manufacturing, mining, real estate, IT, professional services require years of education and certification.
Liberals continue to bring in policies that does little to develop both the natural resources sector and the advance manufacturing sector.
Blog – What is next for Households – Canada and the World
Household in Canada around the world are facing many pressures like high inflation, job quality, finding affordable daycare, supply chain disruption, threat of automation, finding affordable housing, high taxes, and reduction in government services.
1. Household - https://eppc.org/publication/5-ways-to-make-america-more-family-friendly/
2. Housing bubble - https://realty.economictimes.indiatimes.com/news/industry/european-central-bank-cant-ignore-developing-housing-bubble-isabel-schnabel/87630566
3. Housing prices - https://www.fool.ca/2021/11/10/2-in-3-canadians-believe-home-prices-will-keep-rising-but-will-they/
4. ESG - https://www.pwc.com/ca/en/industries/government-and-public-services/aligning-values-and-value-through-esg.html
5. Wage growth - https://www.cnbc.com/2021/11/10/inflation-has-taken-away-all-the-wage-gains-for-workers-and-then-some.html
6. Global threats and risks - https://globalriskinsights.com/
7. Income taxes - https://torontosun.com/opinion/columnists/opinion-canadas-high-income-taxes-are-making-us-less-competitive
8. Blog – BMO – Stock Market – 20210511 - https://www.slideshare.net/paulyoungcga/what-is-up-with-stock-marklet-november-5-2021
9. Energy crisis - https://thehill.com/opinion/energy-environment/580843-pavlich-bidens-self-inflicted-energy-crisis
10. Debt - https://www.kfyrtv.com/2021/11/10/household-debt-hit-record-levels-some-experts-say-its-not-all-bad-news/
11. Rent to own - https://storeys.com/liberal-party-rent-to-own-plan/
Preliminary - Cost of Living - Canada - February 2022.pptxpaul young cpa, cga
Housing prices continue to impact the affordability of housing
Raw material costs are up 29.8% Y/Y
Liberals and NDP have done little to address the systemic issues facing supply chain including excessive regulations and increases in taxes like carbon taxes.
Blog – How to Mitigate the effects of Climate Change through sound Environmental Policies
I am supporter of climate change and the need for both the private and public sectors to address issues with climate change. The key focus on policies that better support both circular and green economy. Government should resist subsidizing business through either direct grants or loans. The policies should be based on capital costs allowance, innovation, and training/skills tax credits. The world also needs to start looking at CO2 absorption through a global standard. The global standard should be audited like ESG reporting.
1. Air Quality - https://enveurope.springeropen.com/articles/10.1186/s12302-021-00575-y
2. Oil scarcity - https://www.reuters.com/business/energy/halliburton-says-world-is-entering-period-oil-scarcity-2021-12-06/
3. Solar panels - https://www.theverge.com/2021/12/6/22820295/tesla-sec-solar-panel-alleged-defects
4. Solar Panels - https://www.breakinglatest.news/news/the-problem-with-solar-panels-is-disposal-matthew-davies/
5. Inflation - https://thehill.com/changing-america/sustainability/energy/584675-ceo-of-worlds-largest-oil-producer-warns-of-rampant
6. ESG - https://www.cpacanada.ca/en/business-and-accounting-resources/strategy-risk-and-governance/corporate-governance/publications/esg-and-business-resilience
7. Water management - https://www.telefonica.com/en/communication-room/blog/iot-the-technology-that-simplifies-responsible-water-management/
8. Climate Change risks - https://money.usnews.com/financial-advisors/articles/q-a-how-to-manage-climate-change-risk-in-fixed-income-portfolios
9. Plastics and climate change - https://news.un.org/en/story/2021/12/1107342
10. Plastic waste - https://www.globenewswire.com/news-release/2021/12/07/2347631/0/en/Circulate-Capital-Announces-Second-Close-for-Climate-Tech-Fund-and-Inaugural-Investments-in-Three-US-Based-Tech-Innovators.html
Transforming the Public Sector| The United States| November 2021paul young cpa, cga
In fiscal year 2021, which ended on September 30, the federal budget deficit totaled nearly $2.8 trillion—about $360 billion less than the deficit in 2020, but nearly triple the shortfall incurred in 2019. During the past two years, deficits were much larger than they have been historically because of the economic effects of the coronavirus pandemic and legislation enacted in response.1
In 2021, the deficit was equal to 12.4 percent of the nation’s gross domestic product (GDP), down from 15.0 percent in 2020, but up from 4.7 percent in 2019. The 2021 deficit was the second largest as a percentage of GDP since 1945 (the largest occurred in 2020).
1. Deficit - https://www.reuters.com/world/us/us-budget-gap-narrows-more-than-expected-year-earlier-october-2021-11-10/
2. Taxation https://taxfoundation.org/2022-tax-brackets/
3. Healthcare - https://www.americanactionforum.org/research/key-health-policy-provisions-of-the-build-back-better-act/
4. Infrastructure - https://www.piquenewsmagazine.com/national-business/us-infrastructure-bill-means-more-cash-and-contracts-for-wsp-global-ceo-says-4743343
5. Taxation at state and local government level - https://www.prnewswire.com/news-releases/ey-cost-study-state-and-local-government-tax-revenue-increases-despite-pandemic-301421351.html
6. Federal reserve - https://www.smh.com.au/business/banking-and-finance/us-inflation-hits-new-record-forcing-the-fed-to-rethink-its-strategy-20211111-p5981q.html
7. Climate change - https://www.ft.com/content/da0ac736-7c38-4f93-baaf-e315a51faf22
8. Housing - https://www.cnbc.com/2021/11/10/home-prices-are-now-rising-much-faster-than-incomes-studies-show.html
9. Corporate tax - https://dividedwefall.com/2021/11/05/global-minimum-corporate-tax/
10. Productivity - https://www.reuters.com/article/usa-economy-productivity-idCAKBN2HP1O6
11. Regulations - https://news.yahoo.com/regulatory-reformers-red-tape-formidable-184826530.html
12. ESG - https://www.pwc.com/gx/en/services/sustainability/publications/cop26/how-much-does-the-public-care-about-esg-pwc-cop26.html or https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnce
13. Energy crisis - https://www.rigzone.com/news/wire/usa_should_have_enough_gas_to_avert_energy_crisis-09-nov-2021-166955-article/
14. Carbon tax - https://www.delawareonline.com/story/opinion/2021/11/05/u-s-must-enact-carbon-tax-its-essential-curb-climate-change/6280393001/
15. Pensions - https://www.pewtrusts.org/en/research-and-analysis/issue-briefs/2021/09/the-state-pension-funding-gap-plans-have-stabilized-in-wake-of-pandemic
16. Unfunded liabilities - https://www.lagrangenews.com/2021/10/16/brown-column-we-must-address-the-national-debt/
17. Policing - https://www.upworthy.com/americas-most-dangerous-city-defunded-its-police-department-7-years-ago-it-was-a-stunning-success or https://www.moneygeek.com/living/state-policing-corrections-spending/
Blog - Forestry and Sawmill Production – Canada and the World
Lumber prices have decline but are still very high
There seems to be inconsistent policies when it comes to management of forests around the globe
The world is slow in adopting 3D housing
1. Softwood Lumber - https://www.woodworkingnetwork.com/news/woodworking-industry-news/reduced-tariffs-draws-applause
2. Prices - https://www.barchart.com/story/news/7200218/lumber-up-and-down-and-all-around
3. 3D housing - https://www.mentalfloss.com/article/535220/these-10000-concrete-homes-are-3d-printed-less-24-hours
4. Deforestation - https://www.sustainability-times.com/environmental-protection/the-great-amazon-land-grab-brazils-government-is-turning-public-land-private-driving-deforestation/
5. Wetlands - https://www.nature.com/articles/d41586-020-00098-1
6. Housing affordability - https://saportareport.com/understanding-the-housing-affordability-problem/columnists/david/
7. Urban planning - https://www.weforum.org/agenda/2022/02/innovative-global-cities-talent-property/
8. 3D housing - https://www.probuilder.com/3d-printed-technology-offers-solution-affordable-housing
9. Mortgage rates - https://ca.finance.yahoo.com/news/lumber-prices-crash-30-mortgage-120647926.html
10. Household debt - https://www.teamblind.com/post/21t-national-debt-15-trillion-household-debt-in-usa-and-21-trillion-in-annual-gdp--are-we-doomed-rtZ0Dj5Q
11. Housing bubble - https://betterdwelling.com/
12. Insurance - https://ca.news.yahoo.com/extreme-weather-rising-insurance-rates-160054947.html
13. Heating costs - https://carolinapublicpress.org/51169/heating-costs-and-power-grid-stability-create-concerns-in-cold-temperatures/
Savings and Retirment - Justin Trudeau - Policy Change.pptxpaul young cpa, cga
Since 2015 many Canadians have seen their quality of life worsen under the progressive agenda by Justin Trudeau. Housing costs are the highest level in the history of Canada. People are being tax more through higher payroll taxes and/or removal tax credit programs along with other tax changes.
Trudeau also said during 2015 that only rich were using TFSA. Trudeau statement on TFSA was proven false numerous times
Trudeau and his team do a poor job reviewing programs to ensure they are effective. In many cases, Trudeau teams ignores reports from the auditor general, PBO, ombudsman, and other groups
Canada| Economic and Fiscal Scorecard| October 2021 and September 2021paul young cpa, cga
Blog – Canada – Economic Scorecard for October 2021 and September 2021
a) GDP grew at 5.3% annual pace in the 3Q21 - https://www.bnnbloomberg.ca/statistics-canada-says-gdp-grew-at-5-4-annual-rate-in-q3-1.1688906
b) Wages expected to rise by 2.7% in 2022 - https://www.benefitscanada.com/news/bencan/survey-says-wages-set-to-rise-2-7-in-2022-as-inflation-hits-new-high/
c) Food bank - https://www.theglobeandmail.com/canada/article-nearly-600000-people-accessed-ontario-food-banks-last-year-report-2/
d) Micro housing promoted by CMHC - https://www.theglobeandmail.com/canada/article-nearly-600000-people-accessed-ontario-food-banks-last-year-report-2/
e) Food costs - https://www.marketscreener.com/news/latest/Food-commodity-markets-Stable-with-considerable-upside-price-risks--37157673/
f) Fertilizer - https://theeagle.com/landandlivestockpost/fertilizer-prices-continue-record-climb/article_50b1886e-432b-11ec-b19f-bfb24750ac08.html
g) Commodities - https://www.bloomberg.com/markets/commodities
h) GDP growth has been led by government spending and housing. The goods-producing sector continues to struggle with growth. Real gross domestic product (GDP) edged up 0.1% in September, as declines largely concentrated in manufacturing, construction and retail trade were more than offset by broad-based expansions in services-producing industries as well as in mining, quarrying and oil and gas extraction. https://www150.statcan.gc.ca/n1/daily-quotidien/211130/dq211130b-eng.htm
i) TSX - https://www.reuters.com/markets/europe/tsx-opens-higher-energy-stocks-jump-stronger-crude-2021-11-29/
Cost of Living (Inflation) - United States - April 2022.pptxpaul young cpa, cga
Inflation slowed in April after seven months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households
Consumer prices jumped 8.3 per cent last month from 12 months earlier, the Labor Department said Wednesday. That was below the 8.5 per cent year-over-year surge in March, which was the highest rate since 1981.
https://globalnews.ca/news/8826103/us-inflation-slowing-april/
Cost of Living (Inflation) - United States - April 2022 (Revised PPI) .pptxpaul young cpa, cga
U.S. producer prices soared 11% in April from a year earlier, a hefty gain that indicates high inflation will remain a burden for consumers and businesses in the months ahead.
The Labor Department said Thursday that its producer price index — which measures inflation before it reaches consumers — climbed 0.5% in April from March. That is a slowdown from the previous month, however, when it jumped 1.6%.
https://tradingeconomics.com/united-states/producer-prices and https://www.darientimes.com/news/article/US-producer-prices-surge-11-in-April-on-higher-17167651.php
Cost of Living (Inflation) - United States - May 2022.pptxpaul young cpa, cga
entrenched in the economy. That will likely push the Federal Reserve to extend an aggressive series of interest-rate hikes and adds to political problems for the White House and Democrats.
The consumer price index increased 8.6 per cent from a year earlier in a broad-based advance, Labor Department data showed Friday. The widely followed inflation gauge rose 1 per cent from a month earlier, topping all estimates. Shelter, food and gas were the largest contributors.
The so-called core CPI, which strips out the more volatile food and energy components, rose 0.6 per cent from the prior month and 6 per cent from a year ago, also above forecasts.
Source - https://www.bnnbloomberg.ca/u-s-inflation-unexpectedly-accelerates-to-40-year-high-1.1777105
Cost of Living (Inflation) - United States - March 2022.pptxpaul young cpa, cga
Inflation is highest since 1981. Carter was the president - https://www.thebalance.com/president-jimmy-carter-s-economic-policies-4586571
Biden was around during those times - https://www.britannica.com/biography/Joe-Biden
Cost of Living (Inflation) - United States - May 2022 (incl PPI).pptxpaul young cpa, cga
US inflation accelerated to a fresh 40-year high in May, a sign that price pressures are becoming entrenched in the economy. That will likely push the Federal Reserve to extend an aggressive series of interest-rate hikes and adds to political problems for the White House and Democrats.
The consumer price index increased 8.6 per cent from a year earlier in a broad-based advance, Labor Department data showed Friday. The widely followed inflation gauge rose 1 per cent from a month earlier, topping all estimates. Shelter, food and gas were the largest contributors.
The so-called core CPI, which strips out the more volatile food and energy components, rose 0.6 per cent from the prior month and 6 per cent from a year ago, also above forecasts.
Source - https://www.bnnbloomberg.ca/u-s-inflation-unexpectedly-accelerates-to-40-year-high-1.1777105
Cost of Living (Inflation) - United States - June 2022 (incl PPI).pptxpaul young cpa, cga
Summary:
Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike by the Federal Reserve, with higher borrowing costs to follow.
Consumer prices soared 9.1 per cent compared with a year earlier, the government said Wednesday, the biggest 12-month increase since 1981, and up from an 8.6 per cent jump in May. On a monthly basis, prices rose 1.3 per cent from May to June, another substantial increase, after prices had jumped one per cent from April to May.
The ongoing price increases underscore the brutal impact that inflation has inflicted on many families, with the costs of necessities, in particular, rising much faster than average incomes. Lower-income and Black and Hispanic Americans have been hit especially hard, because a disproportionate share of their income goes toward such essentials as housing, transportation and food.
Source: https://globalnews.ca/news/8986310/us-inflation-june-2022/
The United States runs a record trade deficit for March 2022paul young cpa, cga
The trade deficit jumped more than 22 percent to $109.8 billion, as the double-digit increase in imports to an all-time high of $351.5 billion outstripped the more modest gain in exports, the Commerce Department said.
But US exports also hit a record of $241.7 billion, the data showed.
As the world's largest economy showed a robust recovery from the pandemic disruptions in recent months, businesses have been hampered by global supply chain snarls and shortages that meant relatively modest import gains.
But the data showed a shift in March with a $3.2 billion increase in imports of autos, parts and engines -- including a $2.5 jump in passenger cars alone -- a $1.5 billion rise in computers, and $1.3 billion gain for computer accessories.
Purchases of furniture and household goods jumped $1.3 billion, while toys, games and sporting goods rose by a similar amount, the report said.
A strong American consumer is likely to support continued demand for imports, while slower recoveries among US trading partners could hold down export growth, economists say.
"The prevailing domestic and overseas economic environment could keep the deficit pinned near record levels and impose a significant headwind to US GDP growth," said Mahir Rasheed of Oxford Economics.
The Federal Reserve is raising interest rates as it grapples with accelerating inflation, which could tamp down demand.
In the first three months of the year, the goods and services deficit increased $84.8 billion, or 41.5 percent, from the same period in 2021, the report said.
Source - https://www.rfi.fr/en/us-trade-deficit-hits-highest-on-record-as-imports-soar
Inflation (Cost of Living) - United States - September 2022.pptxpaul young cpa, cga
Summary:
US consumer price inflation surprised on the upside once again as rapid increases in housing costs, medical care, food and airline fares offset signs of moderation elsewhere. The Fed has admitted it is prepared to inflict economic pain to get a grip on inflation and today's report will ensure at least another 75bp rate hike in November and 50bp in December
Source - https://think.ing.com/articles/40-year-high-for-us-core-inflation-heaps-pressure-on-the-fed/
Inflation (Cost of Living) - United States - July 2022.pptxpaul young cpa, cga
Summary:
U.S. inflation decelerated in July by more than expected, reflecting lower energy prices, which may take some pressure off the Federal Reserve to continue aggressively hiking interest rates.
The consumer price index increased 8.5 per cent from a year earlier, cooling from the 9.1 per cent June advance that was the largest in four decades, Labor Department data showed Wednesday. Prices were unchanged from the prior month. A decline in gasoline offset increases in food and shelter costs.
So-called core CPI, which strips out the more volatile food and energy components, rose 0.3 per cent from June and 5.9 per cent from a year ago
Source: https://www.bnnbloomberg.ca/u-s-inflation-decelerates-more-than-forecast-on-gas-price-drop-1.1803937
Summary:
The U.S. trade deficit shrunk in April by the most on record in dollar terms, reflecting a drop in the value of imports amid COVID lockdowns in China while exports climbed.
The gap in goods and services trade narrowed $20.6 billion, or 19.1%, to $87.1 billion, Commerce Department data showed June 7. The median estimate in a Bloomberg survey of economists called for an $89.5 billion deficit. The figures aren’t adjusted for inflation.
Imports dropped in April as factory activity in China fell to the lowest level since February 2020 amid strict lockdowns to curb the spread of COVID-19. While manufacturing in the country has improved since, the measures still are straining already tenuous global supply chains, especially when coupled with Russia’s war in Ukraine
Source - https://www.ttnews.com/articles/trade-deficit-narrows-most-record-muted-china-imports
Durable Goods and Capital Spending - USA - Durable Goods - May 2022.pptxpaul young cpa, cga
Summary:
Bookings for durable goods -- items meant to last at least three years -- increased 0.7% in May after a revised 0.4% advance a month earlier, Commerce Department figures showed Monday. The figures aren’t adjusted for inflation.
The value of core capital goods orders, a proxy for investment in equipment that excludes aircraft and military hardware, rose 0.5% after a 0.3% gain a month earlier.
The median estimates in a Bloomberg survey of economists called for a 0.1% increase in orders for all durable goods and a 0.2% gain in the core figure.
The broad pickup in orders suggests capital investment was firm in May even as more recent manufacturing data have started to show signs of softening. Several regional Fed measures of economic activity deteriorated or outright contracted in June, including in New York state and the Philadelphia area.
S&P Global’s manufacturing output index also sunk into contraction territory, stymied by high prices, weaker demand and materials shortages. So did new orders.
Source: https://news.yahoo.com/us-durable-goods-orders-exceed-123853901.html
Manufacturing Sector Analysis and Commentary - June 2023.pptxpaul young cpa, cga
Blog – Manufacturing Analysis and Commentary – June 2023
Summary:
The sector, which accounts for 11.3% of the economy, is being dragged down by the Federal Reserve's fastest interest rate hiking campaign since the 1980s.
Banks also have tightened lending following the recent failures of three U.S. banks, while spending is shifting away from goods, typically bought on credit, to services.
Businesses are cutting back on restocking in anticipation of weaker demand later this year. The Institute for Supply Management last week said its manufacturing PMI contracted for a seventh straight month in May.
Orders for transportation equipment increased 3.7% on top of a 9.8% jump in March. Civilian aircraft orders fell 8.5% after having surged by 96% in the prior month. Motor vehicle orders edged up 0.5%. Excluding transportation, orders fell 0.2%, dropping for a third straight month and to their lowest since February 2022.
Orders for machinery rose 1.0%, but bookings for computers and electronic products fell 1.4%. Orders for electrical equipment, appliances and components dropped 1.7%.
Shipments of manufactured goods fell 0.4%. The inventory of manufactured goods at factories rose 0.5%. Unfilled orders at factories rose 0.8
Source - https://money.usnews.com/investing/news/articles/2023-06-05/u-s-factory-orders-rise-in-april
Additional links and sources:
Class 8 orders - https://www.freightwaves.com/news/rising-may-class-8-truck-orders-less-telling-than-backlog-burn
Automotive Sales - https://www.americanexpress.com/en-us/business/trends-and-insights/videos/automotive-industry/
Steel Production - https://www.steelorbis.com/steel-news/latest-news/us-raw-steel-production-up-10-percent-week-on-week-1292937.htm
Agricultural Equipment - https://www.businesswire.com/news/home/20230530005385/en/North-America-Tractor-Market-Outlook-Forecasts-Report-2023-2028-Featuring-Key-Vendors---John-Deere-CNH-Industrial-AGCO-Kubota---ResearchAndMarkets.com
Construction equipment - https://www.farmequip.org/news/demand-for-new-factories-drives-growth-in-construction-spending/
Oil Rigs - https://www.rigzone.com/oil/news/north_america_loses_more_rigs-05-jun-2023-172968-article/
Ports - https://www.hapag-lloyd.com/en/services-information/operational-updates/north-america.html
Lithium - https://seekingalpha.com/article/4609592-lit-economic-weakness-in-china-may-impact-ev-sales
Costs - https://www.comerica.com/insights/economic-commentary/ism-pmis-softer-than-expected-in-may-and-inflation-is-slowing.html
Technologies - https://levelup.gitconnected.com/top-10-breakthrough-technologies-you-must-know-in-2023-991cc1db8ac9
ESG - https://www.forbes.com/sites/columbiabusinessschool/2023/06/05/what-esg-investors-must-demand-for-credible-sustainability-reporting/?sh=1cf2162f2fd7
Canada has been going through a period of slow growth since 2018. The inaction of the Liberals through bad tax policies along regulatory burden have expedited the slow growth. The Liberals approach was not about reforming govt, but growing the size and cost of govt.
Blog – United States Manufacturing Sector Analysis and Commentary – March 2023
Summary:
U.S. manufacturing-sector orders fell again in February, driven again by a decline in transportation equipment and manufactured durable goods orders, albeit at a slower pace than in January.
New orders for manufactured goods fell 0.7% in February on month to $536.4 billion, compared with a revised 2.1% fall in January, data from the Commerce Department showed Tuesday.
The reading is a touch weaker than the 0.6% decrease expected by economists in a poll by The Wall Street Journal.
The fall was driven by a 2.8% drop in orders for transportation equipment, the data showed. Nondefense aircraft and parts orders once again dropped, by 6.6% in February, after a 56.3% dip in January, although the figures came after a hefty rise at the end of 2022. Even excluding transportation, total orders still fell 0.3%, a swing from a 0.8% rise in January.
New orders for manufactured durable goods--those meant to last at least three years--fell 1.0% in February, in line with preliminary estimate and after a 5.0% increase in December. New orders for manufactured nondurable goods tumbled 0.4%.
Surveys to manufacturers suggest that despite recent moderation of the fall in orders, the pace of declines could accelerate again.
ISM purchasing managers index showed Monday that new orders at U.S. manufacturers contracted again in March, reaching its lowest level since May 2020.
Source - https://www.marketscreener.com/news/latest/U-S-Factory-Orders-Fell-Again-in-February-Though-at-Slower-Pace--43426768/
PMI has fallen below 50 - https://www.prnewswire.com/news-releases/manufacturing-pmi-at-46-3-march-2023-manufacturing-ism-report-on-business-301787309.html
United States factory orders decline in February 2023 - https://www.marketscreener.com/news/latest/U-S-Factory-Orders-Fell-Again-in-February-Though-at-Slower-Pace--43426768/
Nearshoring to Mexico continues to pick up steam. https://www.reuters.com/world/americas/nearshoring-bets-boost-mexican-real-estate-transport-shares-2023-04-04/
Producer price index decline in February 2023 - https://www.reuters.com/markets/us/us-producer-prices-unexpectedly-fall-february-2023-03-15/
United States continues to look at better ways to manage supply chains like critical metals - https://www.barrons.com/amp/articles/niocorp-achieves-processing-breakthrough-in-demonstration-plant-testing-of-niobium-and-titanium-production-19e70748
Broadband spending is expected to decline in 2023 - https://www.benton.org/headlines/wireless-capital-expenditures-north-america-poised-plunge-10-20-percent-2023
Market volatility continues to drive asset management decisions - https://www.usbank.com/investing/financial-perspectives/market-news/economic-news.html
Government continues to address climate change with more spending in the green and clean economy - https://www.weforum.org/agenda/2023/04/clean-energy-government-investment-spending/
Employment and Labour Market - United States - April 2022.pptxpaul young cpa, cga
Blog - Labor and Employment Market – The United States
As a result, companies will have to pass on increased labor costs to the prices of the goods and services they sell, which will exacerbate inflation.
“Demand for labor is very strong, and although labor market participation has increased slightly, labor supply remains subdued,” said the central bank governor. Jerome Powell on Wednesday at a press conference.
He also stressed that employers in many places have difficulty filling vacancies and wages are rising faster than in many years.
About everything despite the United States the economy contracted according to preliminary data, surprisingly in the early part of the year, but economists see it as a temporary slump mainly due to supply disruptions.
https://www.business-standard.com/article/international/us-job-cuts-up-in-april-rising-2nd-month-straight-as-employers-study-risks-122050501395_1.html and https://pledgetimes.com/business-cycle-employment-improved-more-than-expected-in-the-united-states-in-a-hot-labor-market/
Bank of Canada - What is next for Monetary Policies - April 2022 (Revised Mar...paul young cpa, cga
Canada inflation rate hit nearly 7% for March 2022. Canada has one of the highest inflation rates in the G7.
Higher interest rates mean less cash for retail sales
Government continues to push their green agenda driving more green inflation
What is next for Monetary Policies - Canada - September 2022.pptxpaul young cpa, cga
Blog – What is next for Monetary Policies – Canada – September 2022
Canada has struggled with productivity issues for over 20 years. The liberals have done little address productivity including making changes to tax code related to capital cost allowance, R&D credits, training credits, etc.
Canada lock down strategy and stimulus has led to higher inflation. Liberals never had a plan to pull back on the stimulus through targeted measures that would better support improving supply chain, productivity, skills gap, and innovation
Canadian dollar has hit a two-year low,
Canada housing market was artificially kept high for years. The housing prices continue to fall.
Canada needs to revamp its tax and regulatory policies as part of getting goods out of the ground to market
Similar to Cost of Living| The United States |Inflation| November 2021 (20)
Global Housing Market Analysis and Commentary- September 2023.pptxpaul young cpa, cga
Summary:
Homebuilders are walking a fine line when it comes to new projects as high mortgage rates curb demand.
New residential construction, including single-family homes and multifamily, dropped 11.3% month over month in August to 1.283 million units on a seasonally adjusted basis, according to Census Bureau data released Tuesday. That's down 14.8% compared with a year ago and well below the 1.44 million units economists surveyed by Bloomberg projected.
But authorized residential permits — an indicator of potential future activity — rose 6.9% to 1.543 million permits in August from July. That was still down 2.7% from last August. Single-family permits, though, were up 2% from July to 949,000. Multifamily permits came in at 535,000.
The data reflects two opposing forces builders are trying to balance: the ongoing need for new construction to fill in limited inventory and elevated mortgage rates that are hurting their biggest customer right now, the first-time homebuyer.
"High mortgage rates are clearly taking a toll on builder confidence and consumer demand, as a growing number of buyers are electing to defer a home purchase until long-term rates move lower," Robert Dietz, chief economist of the National Association of Home Builders, said Monday in a press release after builder confidence dropped for the second straight month.
Source: https://ca.finance.yahoo.com/news/homebuilders-face-a-tough-balancing-act-on-new-construction-amid-high-mortgage-rates-130744368.html
Blog – What is next for the Mining Sector – September 2023
The mining sector provides critical material that support solar, wind, and lithium-ion batteries as part of the green transition. https://www.iea.org/news/critical-minerals-market-sees-unprecedented-growth-as-clean-energy-demand-drives-strong-increase-in-investment
The mining sector products play a key role with the global GDP - https://www.yicaiglobal.com/news/global-mining-industry-value-was-69-of-world-gdp-last-year-china-says
Mining practices need to be sustainable including following all ESG policies - https://www.linkedin.com/advice/1/how-can-you-monitor-sustainable-mining-practices
Other links and sources –
Lithium Supply and Price - https://zbr.com.mx/en/sin-categoria-es/lithium-prices-fall-44-in-china-due-to-lack-of-demand/138168/
Cobalt - https://www.linkedin.com/posts/mahmut-karada%C5%9F-a2b7a5151_china-exportrestrictions-gallium-activity-7082603182589157376-Zrty/?trk=public_profile_like_view
Nickel https://www.eureporter.co/business/2023/09/15/stanislav-kondrashov-from-telf-ag-nickel-prices-outlook-remains-positive/
Iron-ore - https://www.brecorder.com/news/40263584/sgx-iron-ore-set-for-best-week-in-3-months
TD Bank / Metals - https://www.tdsecurities.com/ca/en/setting-the-stage-for-gold-outlook
Biodiversity / Mining - https://worldcrunch.com/green/lithium-green-energy-argentina-indigenous
ESG - https://iriscarbon.com/the-added-value-of-integrated-esg-reporting-a-threefold-framework/
Blog – Manufacturing Shipments and Orders – The United States – August 2023
Summary:
New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease compared to the same period the previous year.
Douglas K. Woods, President of AMT, noted that July is typically a slower month for manufacturing technology orders, so a slight drop was expected. However, he pointed out a notable trend: over the last two months, the year-to-date order gap has narrowed during historically slow periods. While job shops have seen decreased orders, other industries that benefited from reshoring or government investments have helped fill the gap.
Among specific sectors, job shops, the largest customer segment, placed their lowest total monthly orders since August 2020. In contrast, metal valve manufacturers recorded their third-highest monthly order value on record, last seen in September 2018, making up nearly 5% of the total manufacturing technology order value for July 2023. Manufacturers of motor vehicle transmissions continued to order machinery at an elevated pace. However, the aerospace industry continued to order below its early 2022 peaks, with hopes that recent projects like the federal government's $1.5 billion investment in communications satellites might reverse this trend.
Source: https://www.sme.org/technologies/articles/2023/september/u.s.-manufacturing-technology-orders-dip-in-july-but-show-resilience-amid-economic-uncertainty
Stock Market Analysis and Commentary for WE September 15 2023.pptxpaul young cpa, cga
Blog – Analysis and Commentary – Stock Market – WE September 15 2023
Summary:
Stocks fell Friday as investors wrap up a volatile week ahead of the Federal Reserve's policy meeting.
The Dow Jones Industrials tumbled 288.87 points to close out Friday and the week at 34,618.24. At its lows, it completely wiped out Thursday's 332-point rally.
The S&P 500 index sank 54.78 points, or 1.2%, to 4,450.32.
The NASDAQ index plunged 217.72 points, or 1.6%, to 13,708.33.
The Dow held onto a winning week. The S&P 500 and NASDAQ both closed out the week with losses.
Information technology was the worst-performing sector in the S&P 500, down nearly 2%. Adobe shares fell more than 4% even after the software firm posted better-than-expected quarterly results. Shares of Arm Holdings were lower one day after its successful public debut.
Auto stocks General Motors and Stellantis N.V. were higher Friday, while Ford Motor was about flat. Thousands of members of the United Auto Workers went on strike after failing to reach a deal with the automakers Thursday night.
Elsewhere, Lennar shares slid 3%. The home construction firm posted third-quarter results that beat on the top and bottom lines.
On the economic front, the University of Michigan's consumer sentiment survey showed one-year inflation expectations dropped to 3.1% in
September, tied for the lowest since January 2021. Also, the five-year outlook fell to 2.7%, matching its lowest since December 2020.
Electricity Analysis - Canada and the OECD - June 2023.pptxpaul young cpa, cga
Summary:
Over three-quarters of the world’s total coal-generated electricity is consumed in just three countries. China is the top user of coal, making up 53.3% of global coal demand, followed by India at 13.6%, and the U.S. at 8.9%.
Burning coal—for electricity, as well as metallurgy and cement production—is the world’s single largest source of CO2 emissions. Nevertheless, its use in electricity generation has actually grown 91.2% since 1997, the year when the first global climate agreement was signed in Kyoto, Japan.
However, even as non-renewables enjoy their time in the sun, their days could be numbered.
In 2022, renewables, such as wind, solar, and geothermal, represented 14.4% of total electricity generation with an extraordinary annual growth rate of 14.7%, driven by big gains in solar and wind. Non-renewables, by contrast, only managed an anemic 0.4%.
The authors of the Statistical Review do not include hydroelectric in their renewable calculations, even though many others, including the International Energy Agency, consider it a “well-established renewable power technology.”
With hydroelectric moved into the renewable column, together they accounted for over 29.3% of all electricity generated in 2022, with an annual growth rate of 7.4%.
Source - https://energynow.ca/2023/09/infographic-what-electricity-sources-power-the-world-see-them-here-visual-capitalist/
Stock Market Analysis and Commentary for WE September 9 2023.pptxpaul young cpa, cga
What did the markets tell us this week?
1. Housing supply and costs continue to plague countries around the world.
2. Gasoline prices are on the rise that puts pressure on central banks ability to hit their core inflation targets.
3. ESG adoption by both the private and public sector is leading to both funding concerns and the overall cost of implementing ESG policies.
4. Adopting technology as part of increasing food production is facing both capital and operational funding concerns.
5. Strike at LNG facility in Australia is leading to concerns around a supply chain disruption of natural gas for EMEA and Asia.
6. The threat of China dumping batteries into markets - https://www.ft.com/content/b6038e51-7b5b-4f97-a5da-9202e71562fc
7. Adoption of generative AI has been facing many challenges related to security, privacy, and ethical issues.
8. Lack of biodiversity planning as part of the overall climate mitigation including sustainable mining, forestry, oil, gas, agriculture, and housing
9. Geopolitical issues continue to impact supply chain.
10. The concerns of recession continue to plague both the private and public sector.
11. Productivity issues continue to plague governments around the world.
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...paul young cpa, cga
The mining, oil, gas, agriculture, forestry, and mining continue to face environmental, social, and governance policy review including reporting of key metrics as part of ESG reporting cycle.
There is more focus on profitability and investment returns as part of the integrated planning and reporting cycle.
Summary:
The global economy faces what at least one forecaster is calling a mild trade recession as shipments from China slump and German factories downshift.
China’s export declines extended into August, though there were signs that the worst of a world trade slowdown may be over for the leading exporter.
Overseas shipments from China fell 8.8% in dollar terms from a year earlier while imports contracted 7.3%, both better than economists’ estimates and significantly less severe than July’s downturn.
Other data have suggested trade may be stabilizing after weakening for most of this year. Exports from South Korea also declined at a more moderate pace in August than the previous month.
Source: https://www.bloomberg.com/news/newsletters/2023-09-07/supply-chain-latest-world-trade-faces-a-shallow-recession?srnd=economics-v2
Additional sources and links:
Lithium - https://source.benchmarkminerals.com/article/falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries
Oil Production - https://www.cnn.com/2023/09/06/business/oil-price-goldman-sachs/index.html
Natural gas - https://www.fxstreet.com/news/natural-gas-holds-up-as-markets-in-limbo-over-strikes-202309070956
Lumber - https://www.fastmarkets.com/insights/sawmill-capacity-closures-reshape-us-lumber-supply
Critical metals - https://www.wasterecyclingmag.ca/feature/how-recycling-could-solve-the-shortage-of-minerals-essential-to-clean-energy/
Agriculture - https://www.morningagclips.com/economists-forecast-positive-end-of-year-crop-outlook-despite-warmer-midwestern-climate/
ESG - https://www.skadden.com/insights/publications/2023/09/the-informed-board/the-eus-new-esg-disclosure-rules
Ports - https://www.marketscreener.com/quote/stock/HAPAG-LLOYD-AG-24857717/news/Hapag-Lloyd-chief-warns-of-rougher-seas-ahead-for-container-shipping-44789017/
Top destination for reshoring - https://www.thenationalnews.com/business/economy/2023/08/29/uae-in-top-10-most-powerful-passports-for-investment-opportunity/
Global Trade - https://phys.org/news/2023-09-opinion-broke-global-climate-finish.html
What is next for the Forestry Sector and Lumber Production - September 2023.pptxpaul young cpa, cga
Lumber production in Canada continues to face many hurdles
Canada forest management practices are some of the bests in the world
Canada planted over 440M in seedlings back in 2018. It is now 2022 which means close 2M seedlings have been planted.
All levels need to put more focus on urban and rural planning solutions
More work including spending on wildfire and forest fire mitigation
Canada and USA need to find a path forward to resolve the softwood lumber dispute
There needs to a better balanced between climate change policies and growing the economy in a sustainable way
3D printing for housing needs to become mainstream
More protection needs to happen with key ecosystems like wetlands, forest, and peatlands.
There is a risk of debt default if interest rates are hike over the next few months
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Cost of Living| The United States |Inflation| November 2021
1. COST OF LIVING –
UNITED STATES –
NOVEMBER 2021
Paul Young CPA CGA
December 10, 2021
2. PAUL YOUNG - BIO
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos
3. AGENDA
• CPI Index
• BMO – Consumer Price Index – United States
• Housing Price Index
• Gasoline Prices
• Average housing Price
• Producer Price Index
• Freight Index
• Blog – Cargo
• Blog – Supply Chain Disruption
• Blog – Stimulus and Inflation
4. THE USA – CPI INDEX
CPI - Inflation - USA
= November 2021.pdf
10. CARGO
Blog - Retail Cargo Expected to Set Record in August
“Strong consumer demand has outpaced supply chain operations since late last year and could remain a challenge as the
holidays approach," Gold added. "The continuing lack of labor, equipment and capacity has highlighted systemic issues and the
need to create a truly 21st century supply chain to ensure resiliency against the next major disruption. Passage of infrastructure
legislation currently pending in Congress is a key step in that direction. We need continued focus by the administration to help
address these issues as well.”
Shipping and congestion continue to be a concern. “The strain of the continuing economic expansion is putting considerable
pressure on the logistics supply chain,” Hackett Associates Founder Ben Hackett said in a statement. “We’re seeing a lack of
shipping capacity combined with port congestion as vessels line up to discharge goods from both Asia and Europe. Delays are
stretching to landside as port terminals struggle with space shortages, and labor challenges are affecting ports, railroads and
trucking companies alike. This part of the recovery is not a pretty sight.”
https://www.mhlnews.com/global-supply-chain/article/21171732/retail-cargo-expected-to-set-record-in-
august?utm_source=IY+IW+QM+News&utm_medium=email&utm_campaign=CPS210809063&o_eid=7930I4506489J2B&rdx.ident%5Bpull%5
D=omeda%7C7930I4506489J2B&oly_enc_id=7930I4506489J2B
This ties nicely into my work on United States retail sales - https://www.slideshare.net/paulyoungcga/retail-sales-usa-june-2021
Blog – How to build a resilient Supply Chain using Data and AI
https://ibm.box.com/s/bqy9mr0ktlgi64sbf49o4rg5d9w0rqkn
12. STIMULUS AND INFLATION
COVID inflation is everywhere, but some have more of it than others. Among advanced economies, the U.S. is starting to
look like the outlier.
That’s probably because it did more fiscal stimulus in the pandemic, economists say. The consensus is that high inflation
won’t last long. But even if that’s right, the current elevated level has the potential to cause problems of its own -- for
President Joe Biden’s most ambitious economic plans at home, and for other countries too.
August data due Tuesday is set to show annual growth in U.S. consumer prices stayed above 5 per cent in August for a
third straight month, according to Bloomberg surveys. The median forecast was 5.3 per cent, down from 5.4 per cent the
previous month. Most other developed countries have seen a spike too -- just not nearly as big.
Source - https://www.bnnbloomberg.ca/u-s-inflation-is-starting-to-look-like-a-stimulus-led-outlier-1.1651314
My work - https://www.slideshare.net/paulyoungcga/fiscal-management-public-sector-united-states-250175562
13. WAGES
Blog - Proportion of businesses raising pay hits 48-year high: NFIB
The proportion of small businesses that raised pay in October hit a 48-year high, with a net 44% increasing compensation
and a net 32% planning to do so in the next three months, the National Federation of Independent Business (NFIB) said
Tuesday.
Optimism among owners toward the business outlook during the next six months slumped to the lowest level since
November 2012, NFIB said, citing a survey of 1,431 small businesses. “Owners have grown pessimistic about future
economic conditions,” the federation said, noting that 49% said they could not fill job openings and all but 10% reported
disruption from supply chain bottlenecks.
“One of the biggest problems for small businesses is the lack of workers for unfilled positions and inventory shortages,
which will continue to be a problem during the holiday season,” NFIB Chief Economist Bill Dunkelberg said.
https://www.cfodive.com/news/businesses-raising-pay-hits-48-year-high-
nfib/609756/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202021-11-
10%20CFO%20Dive%20%5Bissue:37915%5D&utm_term=CFO%20Dive
Blog – Employment – United States – October 2021 - https://www.slideshare.net/paulyoungcga/employment-and-labour-
market-the-united-states-october-2021