tag:blogger.com,1999:blog-5902253799556549537.post1758411354544526597..comments2024-03-20T02:13:07.412-04:00Comments on Fictional Reserve Barking: Canada's 2011Q3 Economic Accounts: federal deficit increases, saving rate drops, growth in real PDI flatcircuithttp://www.blogger.com/profile/08565443970730261572noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-5902253799556549537.post-1649873900676549562020-04-11T01:36:31.966-04:002020-04-11T01:36:31.966-04:00Hey Nice Blog!!! Thank you for sharing information...Hey Nice Blog!!! Thank you for sharing information. Wonderful blog & good post.Its really helpful for me,<br /><a href="http://www.aaaaccounting.co.uk/" rel="nofollow">accounts in barking</a>Aaaaccountinghttps://www.blogger.com/profile/15977216622043685865noreply@blogger.comtag:blogger.com,1999:blog-5902253799556549537.post-46222527468318436232011-12-06T18:25:54.702-05:002011-12-06T18:25:54.702-05:00I think you right, Swells. Of course, the feds won...I think you right, Swells. Of course, the feds won't do much either, that is, other than start laying off in earnest. As for the current account, JH, I don't know how much better it'll get. If the CAD falls, there might be *some* temporary relief. But with prices of commodities slowing and manu going flat, I see status quo, at best. Any thoughts as to what else could affect the CAB? <br /><br />As for other indicators, I think household debt might be a big one in near term. We'll know more on Dec 13 when the balance sheets are released.circuithttps://www.blogger.com/profile/08565443970730261572noreply@blogger.comtag:blogger.com,1999:blog-5902253799556549537.post-27969110786554126622011-12-05T19:16:16.680-05:002011-12-05T19:16:16.680-05:00Good highlight, circuit.
There is no reason to a...Good highlight, circuit. <br /><br />There is no reason to assume that the BoC will react to the unemployment problem directly. They'll let persons and corporations affect the deficit and watch from the sidelines on the stimulus. It's the error that the UK made and that Gov. King is challenged with. It's not inviting.B.Swellshttps://www.blogger.com/profile/13800749885538075676noreply@blogger.comtag:blogger.com,1999:blog-5902253799556549537.post-57992881455557727282011-12-05T16:26:28.538-05:002011-12-05T16:26:28.538-05:00nice post; very timely. i'm pleased that you h...nice post; very timely. i'm pleased that you highlighted the unemployment increase (nod). i consider it the only significant development that warrants analysis. the rest suggests waiting it out as the current account components adjust their monthlies. the problem is that BoC and Govt may also decide to wait it out. <br />@jl. you're correct on the calculus. <br />NOD to your dec 2, 2011 post: (http://defricher.blogspot.com/2011/12/la-belle-affaire.html). some at BoC may apprehend the rhetoric outlandish.JH Crawhttps://www.blogger.com/profile/08829348139831448877noreply@blogger.comtag:blogger.com,1999:blog-5902253799556549537.post-64977923274236749372011-12-05T15:04:28.663-05:002011-12-05T15:04:28.663-05:00As far as I know, the only regions with negative p...As far as I know, the only regions with negative personal savings rate are BC, NS and PEI. SK and went negative in recent years but it's now positive. <br />http://www.statcan.gc.ca/pub/13-016-x/2011001/tab-eng.htmcircuithttps://www.blogger.com/profile/08565443970730261572noreply@blogger.comtag:blogger.com,1999:blog-5902253799556549537.post-61272146063241756452011-12-05T09:04:16.413-05:002011-12-05T09:04:16.413-05:00Interesting that the personnal saving rate is posi...Interesting that the personnal saving rate is positive while persons and unincorporated businesses are still in a "net borrowing" position (i.e. in a negative cash flow position). I guess this is explained by the fact that borrowings are amortised (i.e. installement loan) over a certain period of time in order to calculate the personnal saving rate, while the net borrowing postion just shows net cash movement.Joseph Lalibertéhttps://www.blogger.com/profile/03616697529945551090noreply@blogger.comtag:blogger.com,1999:blog-5902253799556549537.post-21744288891217605512011-12-04T13:51:02.362-05:002011-12-04T13:51:02.362-05:00The CAB actually narrowed to $12B from $15B. Expor...The CAB actually narrowed to $12B from $15B. Exports in goods increased during Q3 as a result of modest growth in US and increased demand overseas.<br /><br />http://www.statcan.gc.ca/pub/67-001-x/2011003/ct058-eng.htm<br /><br />Note that the graph in my column reflects only change in the federal government deficit. If you take all government combined (consolidated), you notice a constant decrease in the overall public sector deficit. I've added a breakdown of sectoral net lending since 2007 in an Addendum. It seems that shrinking deficits and corporate surpluses might have something to do with it. Both business and government investment slowed in Q3. Could explain the drop in the saving rate (along with slow wage growth).circuithttps://www.blogger.com/profile/08565443970730261572noreply@blogger.comtag:blogger.com,1999:blog-5902253799556549537.post-7370390268803516732011-12-04T09:06:10.980-05:002011-12-04T09:06:10.980-05:00Thanks for the info.
Any update on the current ac...Thanks for the info.<br /><br />Any update on the current account deficit situation? We normally would expect an increase in the federal government deficit to go hand-in-hand with an increase in the personnal saving rate, unless leakage happened through an increase in the current account deficit for example.Joseph Lalibertéhttps://www.blogger.com/profile/03616697529945551090noreply@blogger.com