Where's the Money? State and Local Government Finance Forecast - Outlook 2015Jon Yoffie
"IT’S NOT DOING MORE WITH LESS, IT’S DOING MORE WITH THE SAME." Governing Publisher Mark Funkhouser coined this one in the "Where’s the Money?" briefing on state and local government revenues and budgets. State and local government revenues are up 3.3% overall, but spending next year will be a bit below the pre-Recession peak, and long-term growth rates are going to be lower than projected long-term liabilities (pensions, government retiree healthcare, Medicaid, etc.), even as federal-to-state and state-to-local funds decline. So while we’ve moved beyond doing more with less, the bottom line is still (and for the foreseeable future will be) the bottom line. Finding ways to cut costs, increase efficiencies and fund programs with creative revenue-generating or private-sector partnership solutions will be paramount.
FreeBalance Government Customers on the Road to Improved GovernanceFreeBalance
Study comparing national governments running FreeBalance Government Resource Planning (GRP) for Public Financial Management (PFM) for governance outcomes such as government effectiveness and country growth with peer countries that are not running FreeBalance software
Fiscal monitor –Financial Performance for Canada – 3Q16 – September 2016paul young cpa, cga
This presentation looks at both economic trends as well as government taxation and spending. The presentation is design to look both economic conditions as well as the health of Federal Government when it comes to taxation and spending.
Where's the Money? State and Local Government Finance Forecast - Outlook 2015Jon Yoffie
"IT’S NOT DOING MORE WITH LESS, IT’S DOING MORE WITH THE SAME." Governing Publisher Mark Funkhouser coined this one in the "Where’s the Money?" briefing on state and local government revenues and budgets. State and local government revenues are up 3.3% overall, but spending next year will be a bit below the pre-Recession peak, and long-term growth rates are going to be lower than projected long-term liabilities (pensions, government retiree healthcare, Medicaid, etc.), even as federal-to-state and state-to-local funds decline. So while we’ve moved beyond doing more with less, the bottom line is still (and for the foreseeable future will be) the bottom line. Finding ways to cut costs, increase efficiencies and fund programs with creative revenue-generating or private-sector partnership solutions will be paramount.
FreeBalance Government Customers on the Road to Improved GovernanceFreeBalance
Study comparing national governments running FreeBalance Government Resource Planning (GRP) for Public Financial Management (PFM) for governance outcomes such as government effectiveness and country growth with peer countries that are not running FreeBalance software
Fiscal monitor –Financial Performance for Canada – 3Q16 – September 2016paul young cpa, cga
This presentation looks at both economic trends as well as government taxation and spending. The presentation is design to look both economic conditions as well as the health of Federal Government when it comes to taxation and spending.
Presentation by Kevin Perese, Principal Analyst in CBO’s Tax Analysis Division, at the annual meeting of the Allied Social Science Associations.
CBO’s analyses of the distribution of household income and federal taxes rely on a broad measure of before-tax income to rank households and to serve as the denominator for the calculation of average tax rates across the income distribution. In this presentation, CBO examines the strengths and shortcomings of that distributional framework and of several alternative frameworks for analyzing the distributional effects of government transfers and federal taxes. Those alternative frameworks use market income (which excludes all government transfers and federal taxes), after-tax income (which includes government transfers and federal taxes), and gross income (which is a pretax income measure that excludes means-tested government transfers but includes transfers from social insurance programs).
Healthcare is a key area for many countries
Canada spends roughly 10% of GDP on healthcare or about $200B. Approximately 20% comes from the federal government through the HST
The largest expenditures for provinces is healthcare. Ontario for example spends around $55B or about 40% of their budget on healthcare
There is lots of waste within healthcare as many provinces have not done a very good job when it comes to value for money/healthcare
Latin America’s emerging sectors:A closer look at fintech and renewable energyDubaiChamber
Latin America’s emerging sectors: A closer look at fintech and renewable energy is an Economist Intelligence Unit report, sponsored by Dubai Chamber of Commerce and Industry. This report explores high potential emerging economic sectors in Latin America, focusing on financial technology (fintech) and renewable energy. We review the factors driving growth in these
sectors and key impediments to further growth. This report is based on extensive desk research and in-depth interviews with entrepreneurs and regional experts in Latin America and the Caribbean (LAC). The interviews were conducted in December 2017 and January 2018.
Many people are confused how money flows from your wallet to social programs. Each level of government has different taxation programs that hit your wallet different ways
It is important to understand there is only one taxpayers and that is you
You cannot tax people to prosperity
Canada does a very good job of wealth distribution
Too many governments do not look at value for money when it comes to delivering program spending.
All politicians will promise the world, but in fact can deliver very little due fiscal restraints
Presentation by Robert Shackleton, an analyst in CBO’s Macroeconomic Analysis Division, to the NABE Foundation’s 18th Annual Economic Measurement Seminar.
All party leaders are making promises as part of getting elected. The problem is that both Horwath and Wynne are being less than truthful as Ontario has a structural deficit of $11B.
Structural deficits do not go away overnight as decision have to be made including gap action plans.
It would be nice if Wynne and Horwath would discuss how they will restructured government instead pointing the finger at Ford.
Economic and Government Policies - United states - June 2016paul young cpa, cga
This presentation discusses both economic as well as government policies for USA (United States). The focus will be on the following areas:
1. Debt to GDP
2. Budget deficits
3. Trade
4. Retail Sales
5. Income inequality
6. Banking Sector
7. Taxation
8. Debt Holders
9. Nearshoring
10. housing
11. Household debt
A comprehensive fiscal analysis of the policies put forward by presidential candidates Donald Trump and Hillary Clinton. It shows how each would affect the federal budget and national debt. See more at http://crfb.org/.
The floor’s the limit: Examining the main parties’ plans for a higher minimum...ResolutionFoundation
From its controversial introduction in 1999 amid warnings of job losses, the National Minimum Wage has flourished, and since 2016 has been turbo-charged by the National Living Wage. Both main parties now want to go even further. The Conservatives want to raise the UK’s legal wage floor to a level that ends low pay, while Labour want to turn it into a real Living Wage for all workers aged 16+, so that it reflects the cost of living. Either way, the UK is set for one of the highest wage floors in the world.
How different are the main parties’ plans for the minimum wage? Do they risk setting the wage floor at too high a level that causes job losses? And how can they match welcome ambition with an evidence-based approach that has served the UK so well over the past 20 years?
At an event at its Westminster offices, the Resolution Foundation presented new analysis of the two main parties’ plans for the minimum wage, including how they compare with each other, with other countries, and how they might affect firms and workers across the UK. A panel of experts debated key questions about the future of the minimum wage, followed by an audience Q&A.
Harper faced 2008-2009 recession which included demands by the opposition to introduce a stimulus - https://www.slideshare.net/paulyoungcga/fiscal-management-cycle-debt-surpluses-deficits-canada-september-2019
Harper was not perfect and did make mistakes but never had any ethical violations like Trudeau - https://www.cbc.ca/news/politics/mario-dion-report-justin-trudeau-1.5247209
Debt to GDP is one of the key measures that governments used to compare with other governments around the world
Federal Government only reports Federal Debt to GDP
The truth government debt has to include all levels of government (Municipal, Provincial and Federal)
201 Election| Canada and World| Slow Economic Growth| August 2019paul young cpa, cga
I have written many blogs on GDP as such GDP was never what at Justin Trudeau made it out to be for Canada.
There are few major things driving the issues
1. Brexit (UK split from EU)
2. Global Protectionism policies
3. WTO not being reformed
4. Too much push for carbon tax and the climate change agenda
5. Too many governments focusing on keynesian economics.
6. Global immigration and integration
7. Anti-Natural Resources agenda
8. Automation (internet of things, machine learning, AI)
9. Lack of quality in terms of government leaders
10. Too many governments are pushing radical agendas including regressive taxation.
Presentation by Kevin Perese, Principal Analyst in CBO’s Tax Analysis Division, at the annual meeting of the Allied Social Science Associations.
CBO’s analyses of the distribution of household income and federal taxes rely on a broad measure of before-tax income to rank households and to serve as the denominator for the calculation of average tax rates across the income distribution. In this presentation, CBO examines the strengths and shortcomings of that distributional framework and of several alternative frameworks for analyzing the distributional effects of government transfers and federal taxes. Those alternative frameworks use market income (which excludes all government transfers and federal taxes), after-tax income (which includes government transfers and federal taxes), and gross income (which is a pretax income measure that excludes means-tested government transfers but includes transfers from social insurance programs).
Healthcare is a key area for many countries
Canada spends roughly 10% of GDP on healthcare or about $200B. Approximately 20% comes from the federal government through the HST
The largest expenditures for provinces is healthcare. Ontario for example spends around $55B or about 40% of their budget on healthcare
There is lots of waste within healthcare as many provinces have not done a very good job when it comes to value for money/healthcare
Latin America’s emerging sectors:A closer look at fintech and renewable energyDubaiChamber
Latin America’s emerging sectors: A closer look at fintech and renewable energy is an Economist Intelligence Unit report, sponsored by Dubai Chamber of Commerce and Industry. This report explores high potential emerging economic sectors in Latin America, focusing on financial technology (fintech) and renewable energy. We review the factors driving growth in these
sectors and key impediments to further growth. This report is based on extensive desk research and in-depth interviews with entrepreneurs and regional experts in Latin America and the Caribbean (LAC). The interviews were conducted in December 2017 and January 2018.
Many people are confused how money flows from your wallet to social programs. Each level of government has different taxation programs that hit your wallet different ways
It is important to understand there is only one taxpayers and that is you
You cannot tax people to prosperity
Canada does a very good job of wealth distribution
Too many governments do not look at value for money when it comes to delivering program spending.
All politicians will promise the world, but in fact can deliver very little due fiscal restraints
Presentation by Robert Shackleton, an analyst in CBO’s Macroeconomic Analysis Division, to the NABE Foundation’s 18th Annual Economic Measurement Seminar.
All party leaders are making promises as part of getting elected. The problem is that both Horwath and Wynne are being less than truthful as Ontario has a structural deficit of $11B.
Structural deficits do not go away overnight as decision have to be made including gap action plans.
It would be nice if Wynne and Horwath would discuss how they will restructured government instead pointing the finger at Ford.
Economic and Government Policies - United states - June 2016paul young cpa, cga
This presentation discusses both economic as well as government policies for USA (United States). The focus will be on the following areas:
1. Debt to GDP
2. Budget deficits
3. Trade
4. Retail Sales
5. Income inequality
6. Banking Sector
7. Taxation
8. Debt Holders
9. Nearshoring
10. housing
11. Household debt
A comprehensive fiscal analysis of the policies put forward by presidential candidates Donald Trump and Hillary Clinton. It shows how each would affect the federal budget and national debt. See more at http://crfb.org/.
The floor’s the limit: Examining the main parties’ plans for a higher minimum...ResolutionFoundation
From its controversial introduction in 1999 amid warnings of job losses, the National Minimum Wage has flourished, and since 2016 has been turbo-charged by the National Living Wage. Both main parties now want to go even further. The Conservatives want to raise the UK’s legal wage floor to a level that ends low pay, while Labour want to turn it into a real Living Wage for all workers aged 16+, so that it reflects the cost of living. Either way, the UK is set for one of the highest wage floors in the world.
How different are the main parties’ plans for the minimum wage? Do they risk setting the wage floor at too high a level that causes job losses? And how can they match welcome ambition with an evidence-based approach that has served the UK so well over the past 20 years?
At an event at its Westminster offices, the Resolution Foundation presented new analysis of the two main parties’ plans for the minimum wage, including how they compare with each other, with other countries, and how they might affect firms and workers across the UK. A panel of experts debated key questions about the future of the minimum wage, followed by an audience Q&A.
Harper faced 2008-2009 recession which included demands by the opposition to introduce a stimulus - https://www.slideshare.net/paulyoungcga/fiscal-management-cycle-debt-surpluses-deficits-canada-september-2019
Harper was not perfect and did make mistakes but never had any ethical violations like Trudeau - https://www.cbc.ca/news/politics/mario-dion-report-justin-trudeau-1.5247209
Debt to GDP is one of the key measures that governments used to compare with other governments around the world
Federal Government only reports Federal Debt to GDP
The truth government debt has to include all levels of government (Municipal, Provincial and Federal)
201 Election| Canada and World| Slow Economic Growth| August 2019paul young cpa, cga
I have written many blogs on GDP as such GDP was never what at Justin Trudeau made it out to be for Canada.
There are few major things driving the issues
1. Brexit (UK split from EU)
2. Global Protectionism policies
3. WTO not being reformed
4. Too much push for carbon tax and the climate change agenda
5. Too many governments focusing on keynesian economics.
6. Global immigration and integration
7. Anti-Natural Resources agenda
8. Automation (internet of things, machine learning, AI)
9. Lack of quality in terms of government leaders
10. Too many governments are pushing radical agendas including regressive taxation.
Many different groups will write paper and/or articles on government from their perspective. It is important for readers to review all sources when it comes to debating various government policies
Justin Trudeau constantly calls out the Harper era like he did in 2015. The problem is Trudeau never discuss details as the details tell a different picture.
Blog – Failure of Trudeaunomics
Justin Trudeau may key promises in 2015.
a) Making housing more affordable. Housing has grown on average of nearly 10% per year as compared to wage growth of 3.2%
b) Household debt has hit record levels since 2015
c) FDI has gone elsewhere to countries like Australia - https://www.austrade.gov.au/news/economic-analysis/who-invests-in-australia-analysing-2020-s-4-trillion-record-for-foreign-investment
d) Inflation is at an 18-year high - https://www.linkedin.com/posts/malundy_canadian-inflation-hits-30-year-high-as-omicron-activity-6877347398188982272-DjpM/
e) Trudeau’s deficits were neither small nor effective to address issues facing the economy like productivity, innovation, skills gaps, housing costs, etc. - https://www.slideshare.net/paulyoungcga/how-can-bank-of-canada-achieve-its-2-inflation-target-for-canada
1. Wage growth – https://www.saltwire.com/nova-scotia/news/wage-growth-outpaces-inflation-as-job-vacancies-surge-to-record-100672882/
2. Housing - https://betterdwelling.com/canadas-gap-between-real-estate-prices-and-incomes-looks-ridiculous-beside-us-data/
3. Record household debt - https://www.reuters.com/markets/rates-bonds/canada-q3-household-debt-to-income-ratio-rises-1773-2021-12-10/
4. FDI in decline as compare to Canada’s peers - https://www.cpacanada.ca/en/public-interest/public-policy-government-relations/policy-advocacy/cpa-canada-tax-review-initiative/taxes-and-canadians/stifling-foreign-investment-holding-canada-back
5. Job Quality - https://www.thestar.com/business/2021/12/09/small-businesses-automating-to-deal-with-worker-shortage-survey.html
6. Canadian dollar - https://www.nasdaq.com/articles/canada-fx-debt-canadian-dollar-extends-rebound-as-domestic-economy-grows
7. GDP and slow growth - https://thoughtleadership.rbc.com/the-great-canadian-restart-how-2022-can-spark-an-era-of-greener-more-robust-growth/ and https://www.bnnbloomberg.ca/canadian-consumers-power-5-4-annualized-growth-1.1688906
8. Immigration - https://www.bnnbloomberg.ca/canada-tops-record-immigration-goal-of-401-000-residents-1.1700063
9. Inflation - https://www.healthing.ca/opinion/opinion-ottawa-gets-an-inflation-dividend-the-rest-of-us-dont/
10. Job vacancies - https://www.ctvnews.ca/business/labour-shortages-continue-as-quarterly-job-vacancies-reach-all-time-high-1.5718167
1. Housing affordability – During 2015 election is when Ralph Goodale said Harper had the worse household debt in Canadian history https://nationalpost.com/opinion/ralph-goodale-the-myth-of-the-roaring-canadian-economy . Fast forward to 2022 and now you are seeing household affordability the worse in over 30 years - https://www.macleans.ca/longforms/down-payments-are-less-affordable-than-ever-unless-you-have-generational-wealth/
2. Trudeau’s deficits with neither effective nor small - https://torontosun.com/opinion/columnists/goldstein-lets-stop-pretending-trudeaus-deficit-projections-are-real
3. Trudeau environmental policies had many issues - https://www.theglobeandmail.com/politics/article-contradictory-spending-slow-pace-trouble-trudeau-governments-emissions/
4. Immigration is a concern due to fact there is a job quality issue - https://www.slideshare.net/paulyoungcga/has-canada-immigration-policies-been-effective
5. GDP was sluggish pre-covid19 and little was said by MSM and Trudeau’s team - https://www.slideshare.net/paulyoungcga/world-and-slow-economic-growth
6. Supply chain was in bad shape pre-covid19 - https://www.slideshare.net/paulyoungcga/analysis-of-the-goods-producing-sector-canada-august-2019-and-september-2019
7. Trudeau never brought Canada back on the world scene - https://www.slideshare.net/paulyoungcga/foreign-affairs-and-policies-is-canada-back-250969830
8. Trudeau promise to help small business and the went on to hiking small businesses taxes as he called small business owners tax cheats. https://www.slideshare.net/paulyoungcga/canada-small-business-survival-analysis-and-commentary
9. Trudeau promise to be more open and transparent and has failed - https://www.slideshare.net/paulyoungcga/justin-trudeau-governance-model-january-15-2022
10. Trudeau policies never address productivity - https://www.slideshare.net/paulyoungcga/how-to-improve-canada-global-competitiveness-250791285
11. Trudeau’s team has ignored many audit reports. Trudeau has done little to improve outcomes on various programs - https://www.slideshare.net/paulyoungcga/fiscal-update-for-canada-december-2021
2019 Election| World Economy| Slow Growth| Canada| July 2019paul young cpa, cga
This presentation will discuss issues facing the Canadian economy as it heads for slower economic growth.
World economies are facing difficulties due to many factors like Brexit or China/USA trade wars or Excessive Government Regulations or lack of investment infrastructure
Geopolitical events in Middle East, South Asia Sea, Government changes in UK, Australia, etc.
Blog – Failure of Trudeaunomics – October 2021
Inflation went from 1% in 2015 to 1.9% in 2019 and now is 4.7% in Oct/21
Public sector jobs continue to outpace the private sector jobs
GDP went from 3.0% in 2017 to 1.6% 2019 (pre-Covid)
Housing prices continue to rise
Welcome to @justinTrudeau ‘s Canada
Trudeau came to office in 2015 when GDP growth for 2015 was about 1% (https://www.cbc.ca/news/business/gdp-economy-1.3470453). Trudeau promise small deficits during the 2015 election (https://www.cbc.ca/news/politics/canada-election-2015-liberals-infrastructure-deficits-1.3205535.
Trudeau deficits were never small. The budget balance for period close March 2019 was $14B (https://www.canada.ca/en/department-finance/services/publications/annual-financial-report/2019/report.html).
Trudeau’s latest budget runs a higher deficit. Trudeau budget like previous budgets does not deal with productivity issues. Trudeau housing policies have been a colossal failure! https://www.slideshare.net/paulyoungcga/budget-2022-path-forward-for-canada-pptx
GDP for 2019 was estimated at 1.6%. https://www150.statcan.gc.ca/n1/daily-quotidien/200228/dq200228a-eng.htm. Liberals will argue that the GDP rate was 50% higher than October 2015. What the Liberals will not discuss is Harper was running 2.3% average growth rate for GDP (Post 2009 Recession) https://www.focus-economics.com/country-indicator/canada/gdp as compared to the Liberals that was running about 2%
Healthcare is a key area for many countries
Canada spends roughly 10% of GDP on healthcare or about $200B. Approximately 20% comes from the federal government through the HST
The largest expenditures for provinces is healthcare. Ontario for example spends around $55B or about 40% of their budget on healthcare
There is lots of waste within healthcare as many provinces have not done a very good job when it comes to value for money/healthcare
This presentations looks at different aspect of the Canadian economy including key areas like GDP, Retail Sales, Exports, Housing Sales, Innovation and Infrastructure
Alberta has no path to balance budget
Alberta’s debt service costs are now close to $2B/year
Alberta using the same failed model as Ontario when incomes to funding clean technology
AB new jobs have been public sector and not private sector.
Blog – The Failure of Trudeaunomics – April 2022
Trudeau deficits led to nothing but higher taxes and anemic growth
Trudeau did little to help the middle class
Trudeau policies towards the natural resource sector led to less FDI as compared to its peers like Australia
Trudeau’s carbon tax has not been revenue neutral
Trudeau critical metal strategy is relying on innovation that does not current exist when it comes to sourcing lithium from tailing ponds and/or other sources.
Trudeau’s ministers claim the PBO report did not look at all angle is incorrect. Canadians are looking at ways to deal with high inflation including curbing consumer spending
Trudeau never mentioned the fact that Canadians have the highest household debt ever in the history of Canada.
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
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.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
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.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @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
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
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
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
2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Financial Solutions
• SME – Business Process Change
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
7. NDP
Source - https://www.cbc.ca/news/politics/ndp-platform-costing-fact-check-
1.5318913
• Taxing the rich never works -
https://www.slideshare.net/paulyo
ungcga/does-taxing-the-top-1-
generate-the-tax-dollars
• NDP has zero interest in
developing natural resources
https://www.slideshare.net/paulyo
ungcga/have-the-liberal-party-of-
canada-supported-the-natural-
resources-sector
• NDP policies failed in AB as such
would be a disaster at the federal
level
8. LPC / Deficit Promise
Source - https://www.cbc.ca/news/politics/trudeau-pbo-costing-platform-1.5289127 or https://globalnews.ca/news/5967850/analysis-liberals-real-change-different-2019/
• Liberal plan has not been totally costed
• Liberals said they would run modest deficits in
2015. Liberals Deficits were between 1B to 18B
per year.
• Liberals 2015-2019 was failed example of
Keynesian economics -
https://www.slideshare.net/paulyoungcga/ca
nada-fail-experiment-with-trudeaunomics
9. Pharmacare
Source - https://www.scotiabank.com/ca/en/about/global-economics/fiscal-pulse.html or https://medicinehatnews.com/commentary/opinions/2019/09/27/national-affairs-the-
liberals-pharmacare-plan-is-really-unimpressive-and-vague/
• No government implemented Pharmacare in the past due to its costs. @justintrudeau is being very coy, because he knows the true cost!
https://www.slideshare.net/paulyoungcga/2019-election-national-pharmacare-drugs-canada-and-the-provinces-august-2019
• Ontario tried to make changes and it was a disaster – “In 2017, CIHI reported $38.2 billion was spent on all “drugs.” Yet, according to PMPRB, total gross
sales of patented drugs at factory list prices were $16.8 billion in 2017, which accounts for only 44 per cent of the “drugs” total reported by CIHI that year.
Net sales are even lower after rebates. Ontario’s auditor general reported the rebate was 30 per cent for the provincial public drug plans in 2017.” Or “Public
drug plan spending on the direct costs of patented drugs at factory list prices was $7.0 billion in 2017, representing only 4.2 per cent of the $165.7 billion in
total health spending by federal, provincial and territorial governments that year. Gross sales of patented drugs were the same percentage of government
health costs in 2017 (4.2 per cent) as in 2000 (4.2 per cent), an 18-year period of zero average annual growth relative to total government health
expenditure. https://business.financialpost.com/opinion/drug-prices-arent-a-big-problem-but-ottawas-trying-to-control-the-market-anyway
• Ontario Drug changes “Three different cases, but in each one Lysyk comes to the same conclusion: implementing policy is hard;
getting the details right matters; and even when it comes to priority cases (like reducing prescription drug costs), there are
tradeoffs that need to be made. When things aren’t priorities (like the OMB or the affordable housing file), they tend to
stagnate. And these are the files the Liberals most want to be judged on in the upcoming election.” -
https://www.tvo.org/article/the-latest-auditor-general-report-shows-its-hard-for-governments-to-make-a-plan-and-stick-to-it
10. Tax Fairness and Collection
• Liberals made changes to top 1% to only to see rich finds ways around paying more taxes -
https://www.slideshare.net/paulyoungcga/taxing-the-top-1-and-wealth-distribution
• Liberals have done little to either reform the ITA or shut down tax havens -
https://www.slideshare.net/paulyoungcga/2019-election-who-do-your-trust-more-when-it-comes-
to-tax-fairness
• Liberals policies have also made Canada less competitive (C69, carbon tax, CPP Hike, etc. -
https://www.slideshare.net/paulyoungcga/2019-election-canada-competitivenes-september-2019
2019 Election Promise
11. Debt to GDP
• Canada keeps bragging about top debt to GDP in the G7. The problem is Canada’s debt size is
getting to be a concerned to bond traders - https://www.wealthprofessional.ca/market-talk/is-
canada-about-to-lose-its-aaa-credit-rating-255766.aspx “The agency says that Canada is nearing
levels that would make it incompatible with a AAA rating. However, it notes that the deficits are
relatively low at less than 1% of GDP and it expects the government’s debt ratio to fall toward
85% over the medium term. ”
12. Platform / Costing
Source - https://www.cbc.ca/news/politics/trudeau-pbo-costing-platform-1.5289127 or
https://nationalpost.com/news/politics/election-2019/liberal-platform-projects-deficits-
of-over-20-billion-per-year-for-four-years-adds-31-5-billion-in-debt
13. Summary
• Liberals have no plan to balance the budget, but plan to add approximately $80B deficit.
https://www.theglobeandmail.com/politics/article-liberal-platform-shows-deficit-climbing-to-27-billion/
• CPC have plan to balance the budget with five years - https://www.cbc.ca/news/politics/andrew-scheer-to-run-
deficits-1.5147624 (The problem is there are many issues with various programs -
https://www.slideshare.net/paulyoungcga/analysis-of-canada-fiscal-management-results
• Maxine Bernier promises to balance budget in two years despite knowing what the current states of finances -
https://www.slideshare.net/paulyoungcga/who-are-ppc-and-maxine-bernier
• Both the Greens and NDP have aspirational plans on spending with no clear plan to balance the budget –
https://www.slideshare.net/paulyoungcga/is-the-green-party-of-canada-a-valid-choice-to-govern or
https://www.slideshare.net/paulyoungcga/should-you-vote-for-the-ndp-new-democratic-party
• GDP is heading for difficulties due to many factors like protectionism policies, failed government policies, etc. -
https://www.slideshare.net/paulyoungcga/world-and-slow-economic-growth
• More focus must be on delivering of social programs as well as tax reforms -
https://www.slideshare.net/paulyoungcga/2019-election-social-programs-and-taxation-canada-june-2019
• All governments must be focus on better balance between the environment and the economy -
https://www.slideshare.net/paulyoungcga/global-emissions-and-what-can-be-done-to-reduced-co2-emissions
• Middle class has been facing pressure due to many factors including bad govt policies -
https://www.slideshare.net/paulyoungcga/canada-middle-class-continues-to-struggle
• Too many governments do not do enough to adjust to either a foreign government or economic conditions facing
their countries - https://www.slideshare.net/paulyoungcga/what-is-going-on-with-canadas-competitiveness
Source - https://www.scotiabank.com/ca/en/about/global-economics/fiscal-pulse.html or https://healthydebate.ca/opinions/pharmacare-wont-save-money
https://www150.statcan.gc.ca/n1/daily-quotidien/190924/t003b-eng.htm or https://www.nationalobserver.com/2019/09/26/news/canadas-top-1-saw-fastest-income-acceleration-overall-decrease-taxes orhttps://www.bnnbloomberg.ca/canada-s-top-1-saw-fastest-income-acceleration-overall-decrease-in-taxes-1.1321606