Uglysasquatch wrote:
rdmcandie wrote:
While it may be time to buy up current properties and markets in the US (like many Canadian banks are doing such as TD, CIBC, RBC, BMO) it is frivolous to invest in the United States as far as growth is concerned. The market is still highly unstable, an the economy is growing very slowly. It would make more sense to invest in Canada then the US even though it is more expensive to do so. As our economy is growing.
Do not confuse buying up weak business with investing.
Given the strength of the Canadian dollar, now is a bad time to invest in Canada with the US being an alternative. What would I know though? I only do things like this.
And why would you do that....to make more money personally (or for your company.) It is not investment in America, it is for personal gains. Which was my point. You aren't talking about building a new power station or investing in more economical means of travel etc, you are talking about buying a (currently) ****** store and giving it a new sign, and banking on the economy righting itself and your store turning a profit. Where as taxes that are being used in emerging programs, such as green energy programs are a direct investment into the work force.
Rich people don't invest if there is no money to be made, they don't give a **** about the 1000 jobs they kill when they move a plant from say Michigan to Mexico, they only care about the bottom line, and if that bottom line is more money elsewhere be it cheaper running costs, cheaper labor costs, lax environmental cost (ie. waste removal), lax building codes, etc etc etc then that is what they will vote to do.
There is no reason to build a new plant in Michigan, or the like because it costs more money than it produces. People that invest largely in companies such as Ford for example, want money, and are typically on the board. They make decisions to make money on their investments. Fact of the matter is they make more money by building the vehicles in Mexico and shipping them to the US. They used to make more money doing the same in Canada but that is also changing significantly over the last 10 years. My town has lost 2 production plants for big trucks to mexico, and is about to lose a Ford production plant because the financial returns are not there.
Rich people do not invest to boost the economy, they invest to make money.
(on a completely unrelated topic, I just followed a link to a particularly amusing thread, and understand your 10K title, SOUL BALLS!)