Suncor Energy Inc. T.SU

Let there Business Ecosystem Work

[Experienced]

I have posted here many times whether it is about EV legislation or other things that it is best for Government not to monkey around with the business ecosystem..


Here is an op-ed that expresses this idea quite eloquently..


https://ca.finance.yahoo.com/news/opinion-budget-2024-ottawa-needs-100019574.html

[GingerEnergy111]

You can increase the Money Supply, but if there is no velocity because business/entrepreneurs have their hands tied then the money goes nowhere, there is no GDP result.  All that happens is the money becomes worth less. This is very frustrating for those with business ideas and skills.

[Experienced]

Ginger..Excellent point For those not versed in economics here is a simple formula which shows what you are talking about... Velocity of money = GDP/money supply Here is a chart that illustrates your point... https://fred.stlouisfed.org/series/M2V

[GingerEnergy111]

Yes, velocity measures the strength of an economy.  That chart shows that we are in a low strength period.  It really tanked in 2020, no surprise, and hasn't had a complete recovery to "normal" There are many reasons for this: technology, lower education, media driving "wants", etc...not fueling entrepreneurs leaves a whole lot of people in low paying, dead end

[ztransforms173]

  GingerEnergy111 - (4/16/2024 11:38:04 AM)   RE:RE:RE:Let there Business Ecosystem Work Yes, velocity measures the strength of an economy.  That chart shows that we are in a low strength period.  It really tanked in 2020, no surprise, and hasn't had a complete recovery to "normal" There are many reasons for this: technology, lower education,

[Experienced]

Ginger....true  I think part of this is something I have talked about in previous posts and that is the trend in Western economies to become more Marxist and as such exert more control over the natural business ecosystem. This is compounded by the Governments crowding out the pool of investment capital through excessive borrowing requirements. To me an interesting thing is the potential

[pooltec]

The future will be like Phillip K Dik's sci fi novels.  People will be very rich or very poor. One big company to work for that owns and controls all.  Just like communism.  Been to Mississauga lately lots of poor.

[mrbb]

that's what NWO all about and where we are heading toward - central planning - offer UBI bait as savior at first until gov't runs out of money, then everybody are equally...poor.  - everybody travels on EV or mass transit, heating from electric heat pumps, cook with electric stove,  communication by smartphones/internet that will be tracked and censored, buy/sell

[Torontojay]

The velocity is coming from the government and the fiscal deficits they are running.  As the US winds down its Treasury General Account it has to borrow this money from the private sector. The more money gets spent back into the economy, via government spending, the more people spend which increases the velocity of money. Governments are creating jobs out of thin air and they are directly