Friday Free-for-all!
The end of August is upon us, what will the numbers bring? Will there be sunshine, will there be rain? Whats happening here at home and economies around the world? Its time for our weekly news round-up, here are a few stories I’ve noticed this week:
-Vancouver Sun: Bring on the real estate collapse!
-China’s Olympic sized Bust
-Will Vancouver be ready for the worlds attention?
-Economy grinds BC liberals
-18 earthquakes off BC coast in the last week
-Sawmills getting beaten to a pulp
-Canadian tourism gap expected to widen
-Zoom airlines shuts down
-Where did the summer go?
-Harper: We may be in a ‘technical’ but not ‘real’ recession
-UK prices falling at fastest rate in 18 years
-US builders get creative to lure buyers
So what are you seeing out there? Post your news, links and thoughts here and have a great long weekend, you’ve earned it!
September 3rd, 2008 at 11:01 pm
Believe the quote is real or don't. I'm done with you.
September 3rd, 2008 at 4:49 pm
Why reference it if you can't back it up? Are you astro turfing for Casey?
September 3rd, 2008 at 4:05 pm
http://www.caseyresearch.com/
Pay your money, bdk, and you can see everything I see. You're fortunate I gave you that little tidbit. Now stfu.
September 3rd, 2008 at 3:15 pm
the rennie story is as fictitious as the secret casey story that no one else has seen.
September 3rd, 2008 at 2:48 pm
Without the link it's kind of hard to believe Rennie would say those things. Most of the language sounds like it came off the VC.i boards.
Again, not very plausible. Although the numbers are right…
September 3rd, 2008 at 6:09 am
bdk – Look up Doug Casey. While he does offer some free commentary, the bulk of his offerings come by way of paid-for subscriptions. Now, I'd like to be able to email the pdf to everybody who reads this blog, but that would be impractical as well as illegal. So, you're just going to have to trust me on this that he wrote it, or seek confirmation elsewhere.
September 3rd, 2008 at 5:37 am
Yaletown Sofa, of course, I called this one when I saw them takeover the space the Starbucks was using on Denman St. Pretty obvious. I am looking as for the Sofa So Good hidden on 8th to go under as well, matter of time.
September 2nd, 2008 at 11:14 pm
Post the link or else Rennie never said it.
September 2nd, 2008 at 11:07 pm
Here's a quote from a subscription newsletter from Bob Rennie, the link is confidential.
"I simply cannot believe anyone who would be stupid enough to pay $370,000 for a C building downtown which will rent for $1350…
when you subtract strata fees of $200 and the various day to day expenses the buyer is making a return of 2% if he owns the unit outright and pays no property management fees but otherwise it is a loss and there aren't anymore rich people coming who weren't here in the 1990's other than some temporarily overpaid construction workers"
Don't ask for the link HEY the OLYMPICS! RICH PEOPLE!
September 2nd, 2008 at 10:25 pm
Would like to post the link to the Casey comment, depresso, but it comes from a subscription newsletter.
September 2nd, 2008 at 10:22 pm
"just slimey sales dudes"
Correction: slimy out-of-work sales dudes.
September 2nd, 2008 at 10:07 pm
Is the Yaletown sofa story part of the credit crunch or real-estate downturn? Or both?
I'd say that the business was ok but they needed money and couldn't get any. I always thought they were franchised because some seemed to have much more invested in them then others.
BTW, I bought a sofa there once, and I felt dirty afterwards, but the product quality seemed good, just slimey sales dudes.
September 2nd, 2008 at 9:01 pm
HSBC says super-rich clients moving into cash
http://www.reuters.com/article/ousiv/idUSL1338631…