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Flipping Assets is Not Working for Labour
The series of charts gathered by Lance Roberts in his July 26, 2013 post "Housing" - Is It Really Recovering? demonstrate that in the U.S. the so called Housing Recovery is mislabeled and perhaps is more an example of Capital leverage over Labour.
I took at look at some Canadian charts (left) and see that in Canada a similar condition is occurring with the Balance of Trade being stuck in a negative channel for the last 5 years (in the U.S. it's been negative since 1980's). Canadians are regularly consuming more than they produce and in the last year and half, Labour costs for Capital have plunged back to 2005-2006 levels.
Can Canadian Labour learn how to leverage Capital to create long term value in the social contract?
History, Charts & Curated Readings
"Progress, far from consisting in change, depends on retentiveness. When change is absolute there remains no being to improve and no direction is set for possible improvement; and when experience is not retained, as among savages, infancy is perpetual. Those who cannot remember the past are condemned to repeat it." George Santayana Vol. I, Reason in Common Sense
"History, real solemn history, I cannot be interested in.... I read it a little as a duty; but it tells me nothing that does not either vex or weary me. The quarrels of popes and kings, with wars and pestilences in every page; the men all so good for nothing, and hardly any women at all - it is very tiresome." Jane Austen spoken by Catherine Morland in 'Northanger Abbey'