Inky

Over the last year wage growth significantly outpaced inflation.

https://www.reuters.com/markets/bank-canada-may-trail-fed-rate-cut-wage-growth-runs-hot-2024-01-17/

According to that article wage growth outpaced inflation in 2023 by 2.3%.

This site breaks down various numbers

https://mishtalk.com/economics/how-is-canadian-wage-growth-stacking-up-to-inflation/

I couldn't find a more official source, so take the numbers with some doubt.

In any case, nominal wage growth Mar 2020 - Nov 2023 was 14.7%, which is -1.3% after inflation. If we start that window in Jan 2020 we actually have a net positive 2.1% wage growth after inflation. That is 0.5% on an annualized basis.

Wage growth has been surprisingly strong post-pandemic. I think it's going to be more sticky than inflation as well. The main 'issue' is that the wage growth isn't being matched by improved economic output, which isn't a great thing for the economy in the longer term.

We've had spot ETFs here in Canada for quite some time.

To me, the biggest issue with these products has always been that the underlying assets can't be valued properly. The exchanges aren't regulated to prevent price manipulation through things like wash trading or spoofing.

In order for the SEC to approve it a number of major issuers basically had to agree to some kind of price monitoring system. I'm sure Coinbase is critical to this as they are the only exchange based on the US that isn't prima facie fraudulent.

The article is behind a paywall but...

Wealthsimple isn't even a bank, let alone the next big bank. They are not a deposit taking institution. Their 'savings account' is just an agreement with a number of actual banks to accept deposits from Wealthsimple on behalf of their clients. Wealthsimple is merely acting as an intermediary.

Being a true deposit taking institution comes with a lot more regulation and institutional sophistication. Never mind the fact that deposit taking is only one side of what truly defines banking: aggregating demand deposits to enable lending. I'm sure Wealthsimple is looking to get into that game, but since they aren't deposit taking I'm sure it will just be a pretty wrapper around another actual bank just like their 'savings accounts'.

Is Horizons ETFs the next big bank because of their CASH.TO ETF? Horizons is doing a very similar thing through a different vehicle.

Having said, Wealthsimple has clearly created a competitive product suite. But their ability to offer these products fundamentally relies on other organizations (e.g., Mastercard, Big 5 banks) to do the heavy lifting. Wealthsimple's competitive advantage is in product design and advertising.

In a way these observations cut more deeply into the foundations of cosmology than dark matter. Indeed, I'd argue that dark matter challenges the standard model of particle physics more than the standard model of cosmology.

These discoveries of large scale structures challenge the assumptions that the universe is homogenous at a large enough scale. This assumption, along with isotropy, are what lead to the FLRW family of metrics describing spacetime at cosmological scales. Dark matter and dark energy only come in to the picture once you try to fit the parameters of the FLRW metrics to our observed universe.

Ontario, Canada this year is supposed to be choosing which of 2 proposed storage sites will be chosen for development. Nuclear power is a major part of the grid there, representing something like 35% of capacity and 55% of output. The generation facilities are geographically well situated, with one station being <100km away from a proposed storage site and two others within 250km.

I wonder what kind of risks there are with accidents during long distance transportation. Ships sink, trains derail, and trucks have accidents.

Way too much citric acid

If even a small fraction of Russia's nuclear arsenal is functional then they are still incredibly dangerous

I opened mine in April

Omicron was actually the end of 21 / start of 22. A full year before your chart.

Drastically less frequently though. Road wear scales proportionally to mass to the fourth power. Cars are at least an order of magnitude heavier than people

They were enemy combatants because they were within bombing radius of an enemy combatant. That was the American logic in Iraq and Afghanistan in order to print more humane-looking civilian casualty numbers

Imagining calling someone an NPC unironically.