{"id":5525,"date":"2012-09-19T18:58:01","date_gmt":"2012-09-19T22:58:01","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=5525"},"modified":"2012-09-19T18:58:01","modified_gmt":"2012-09-19T22:58:01","slug":"canadas-budget-cut-veteran-has-warning-for-u-s-real-time-economics-wsj","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/19\/canadas-budget-cut-veteran-has-warning-for-u-s-real-time-economics-wsj\/","title":{"rendered":"Canada\u2019s Budget-Cut Veteran Has Warning for U.S. &#8211; Real Time Economics &#8211; WSJ"},"content":{"rendered":"<p>By Paul Vieira<\/p>\n<blockquote><p>Speaking at an event sponsored by the American Enterprise Institute, a conservative-leaning think tank, [former Canadian Prime Minister\u00a0Paul Martin] said whoever wins November\u2019s election must address the U.S.\u2019s burgeoning deficit the very next day because the economy is at risk of reaching a \u201ctipping point.\u201d<\/p>\n<p>&#8230;&#8230;.Mr. Martin does have pedigree on the subject. He was Canada\u2019s finance minister in the mid-1990s when the-then Liberal government made deep spending cuts that tamed a spiraling deficit and restored market confidence in [the] country. By fiscal 1998, Canada had returned to a budget surplus \u2014 its first in nearly three decades.<\/p><\/blockquote>\n<p>via <a href=\"http:\/\/blogs.wsj.com\/economics\/2012\/09\/18\/canadas-budget-cut-veteran-has-warning-for-u-s\/?mod=djemRTE_t\">Canada\u2019s Budget-Cut Veteran Has Warning for U.S. &#8211; Real Time Economics &#8211; WSJ<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Paul Vieira Speaking at an event sponsored by the American Enterprise Institute, a conservative-leaning think tank, [former Canadian Prime Minister\u00a0Paul Martin] said whoever wins November\u2019s election must address the U.S.\u2019s burgeoning deficit the very next day because the economy is at risk of reaching a \u201ctipping point.\u201d &#8230;&#8230;.Mr. Martin does have pedigree on the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/19\/canadas-budget-cut-veteran-has-warning-for-u-s-real-time-economics-wsj\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Canada\u2019s Budget-Cut Veteran Has Warning for U.S. &#8211; Real Time Economics &#8211; WSJ&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[34],"tags":[512,2616,3200],"class_list":["post-5525","post","type-post","status-publish","format-standard","hentry","category-us-canada-countries-regions","tag-budget-deficit","tag-paul-martin","tag-spending-cuts"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Canada\u2019s Budget-Cut Veteran Has Warning for U.S. - Real Time Economics - WSJ - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canada\u2019s Budget-Cut Veteran Has Warning for U.S. - Real Time Economics - WSJ - the patient investor\" \/>\n<meta property=\"og:description\" content=\"By Paul Vieira Speaking at an event sponsored by the American Enterprise Institute, a conservative-leaning think tank, [former Canadian Prime Minister\u00a0Paul Martin] said whoever wins November\u2019s election must address the U.S.\u2019s burgeoning deficit the very next day because the economy is at risk of reaching a \u201ctipping point.\u201d &#8230;&#8230;.Mr. Martin does have pedigree on the &hellip; 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-1r7","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":6635,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/05\/cbo-sees-rising-u-s-debt-economic-rebound-in-2014-wsj-com\/","url_meta":{"origin":5525,"position":0},"title":"CBO Sees Rising U.S. Debt, Economic Rebound in 2014 &#124; WSJ.com","author":"Colin Twiggs","date":"February 5, 2013","format":false,"excerpt":"DAMIAN PALETTA at WSJ writes: Economic growth and recent legislation have cut the federal budget deficit in half in the past four years, but federal debt will still hit historic levels if more isn't done, the Congressional Budget Office said Tuesday in the annual update of its budget and economic\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8416,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/09\/11\/retired-general-speaks-out-against-across-the-board-spending-cuts\/","url_meta":{"origin":5525,"position":1},"title":"Retired general speaks out against across-the-board spending cuts","author":"ColinTwiggs","date":"September 11, 2013","format":false,"excerpt":"Retired General Carter Ham, former head of U.S. Africa Command, speaks out against across-the-board spending cuts at the National Association for Business Economics in San Francisco: \u201cMy least-favorite saying on the planet is to \u2018do more with less.\u2019 You don\u2019t do more with less, you do less with less,\u201d Gen.\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6526,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/01\/02\/congress-passes-fiscal-cliff-deal-wsj-com\/","url_meta":{"origin":5525,"position":2},"title":"Congress Passes Fiscal Cliff Deal &#8211; WSJ.com","author":"Colin Twiggs","date":"January 2, 2013","format":false,"excerpt":"WSJ writes that Congress passed a compromise bill to avert the fiscal cliff: The bill ...... was passed over opposition from conservative Republicans in the House who objected to the fact that it contained no long-term spending cuts of any significance. Both the U.S. Senate and House of Representatives approved\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3246,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/05\/euro-zone-isnt-only-potential-2012-boogey-man-real-time-economics-wsj\/","url_meta":{"origin":5525,"position":3},"title":"Euro Zone Isn\u2019t Only Potential 2012 Boogey Man &#8211; Real Time Economics &#8211; WSJ","author":"ColinTwiggs","date":"January 5, 2012","format":false,"excerpt":"Here are three more to add to the list. First, U.S. consumers pull back again. U.S. households have been resilient which has lifted global producers. But future spending will depend on better job growth and incomes growing ahead of prices..... Second, a U.S.-China trade war breaks out. China has slowed\u2026","rel":"","context":"In &quot;US &amp; Canada&quot;","block_context":{"text":"US &amp; Canada","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/us-canada-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8394,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/09\/05\/feds-fisher-slams-congress-over-fiscal-policy-wsj\/","url_meta":{"origin":5525,"position":4},"title":"Fed\u2019s Fisher Slams Congress Over Fiscal Policy | WSJ","author":"ColinTwiggs","date":"September 5, 2013","format":false,"excerpt":"Rob Curran at WSJ reports on a speech by Dallas Fed President Richard Fisher: Speaking at a luncheon hosted by financial-industry trade group the Dallas Estate Planning Council at the Dallas Country Club, Mr. Fisher said the central bank has done all it can to stimulate the U.S. economy. He\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1381,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/18\/southern-europe-could-learn-from-ireland-wsj-com\/","url_meta":{"origin":5525,"position":5},"title":"Southern Europe Could Learn From Ireland &#8211; WSJ.com","author":"ColinTwiggs","date":"October 18, 2011","format":false,"excerpt":"Efforts to cut the deficits in these [EU Mediterranean] countries are not failing because of different reasons in each nation, although there are some such. They are failing because of misguided austerity plans. Spending cuts and tax increases drive GDP down faster than the deficit, causing the deficit:GDP ratio to\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5525","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=5525"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5525\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=5525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=5525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=5525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}