Economic Rigor

Been looking into a little more detail regarding the carbon Tax. For those not on the QT, it is basically a tax on those companies that have Scope 1 carbon emissions of more than 25,000 tonnes of CO2. Scope 1 emissions (as defined by National Greenhouse and Energy Reporting Regulations 2008) "Meaning of emissions (2) Emissions of greenhouse gas, in relation to a facility, means the release of greenhouse gas into the atmosphere as a direct result of 1 of the following: (a) an activity, or series of activities (including ancillary activities) that constitute the facility (scope 1 emissions); (b) 1 or more activities that generate electricity, heating, cooling or steam that is consumed by the facility but that do not form part of the facility (scope 2 emissions)." So basically any emissions that come out as a result of a facility (rather than an electrical bill) For those companies, they have to pay $23 for each Tonne emitted. That payment goes straight into the Federa...

Gutsy prediction this, but the Goat-a-meter still thinks things are pretty bad. Inflation expectations have dropped into the low twos (2.16%), Commodity prices have also dropped. On the plus side (comparatvely speaking), unemployment has increased but still pretty low. If I was the reserve, I would be thinking of dropping another quarter of a percent.But then again, they may be adopting a wait and see approach. I guess we will see this afternoon!