How bad was today's stock market decline?
Of the 11,406 trading days since January 1980, only 29 had larger declines.
Trevor Tombe
76.5K posts
Trevor Tombe
@trevortombe
Professor @EconCalgary and @policy_school | Alum @econuoft @SFUBeedie | Contributor @TheHubCanada | 💻 📊 📝 🍻
- Comparing GDP/capita growth across OECD countries over the past decade (plus selected aggregates like EU/G7/etc). #cdnecon
- Are carbon taxes to blame for recent gasoline price increases? No.
- It's official, Alberta now has more new daily confirmed cases than any other province or state. Here's the 7-day average:
- Never forget how we got here and who is responsible.
- Option A: Restricting services for everyone. Option B: Restricting services for only unvaccinated individuals. I don't understand why Alberta's govt believes A is better than B.
- On the one hand, incentives matter and may help. On the other hand, we're taxing those who were socially responsible to pay those who weren't. An alternative would have been enacting restrictions that impose costs on the unvaccinated.
- The gap between the Canadian and American economies has now reached its widest point in nearly a century. My latest for @TheHubCanada here: thehub.ca/2024/09/05/tre… #cdnecon #cdnpoli
- There can be no sustained economic recovery without controlling the virus. Period.
- It's been a month since Canada's federal consumer carbon price was eliminated. With the latest data from this morning, the effect on gasoline prices remains clear: nearly the full value of tax cut was passed to consumers. #cdnecon
- Celebrating tonight (with R wine, of course)!! Very happy that starting July 1 I'll be a full Prof @UCalgary 🎈🎉🤓
- This is an incorrect interpretation of my graph. Price differences do not imply revenue is redistributed across locations. There is no such redistribution within the federal backstop.The carbon tax is a shell game used to tax and transfer money to areas where the Prime Minister needs more votes. It does not help the environment or reduce emissions.
- If the federal CTax is eliminated next year (as appears likely) and food prices *don’t* fall, what will those regularly claiming that the effect is massive say?
