”we have confidence in prudence from Canadians"

What???? Prudence in those same Canadians that are asked by CHMC to kindly take out a sub-prime loan???

It's like locking up the fox with a bunch of chicken and saying "we have confidence that the fox will behave and won't massacre the chicken"

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its not 6 months, its 12 months! he projects 12 months out.

“He predicted that, on an annualized basis, …)

in other words, "if the next 12 months behave like the last 12 months…"

I would be so much funnier if no one got hurt by this, but I suspect some unsuspecting readers take it at face value. Helmut is very careful to avoid say something wrong, but his blatant disregard for the statements likelihood of being misconstrued is shameful.

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Voila, the forecast for the next two quarters."

It would actually be a very interesting exercise to actually verify that this, or something close to it, happens. Does/has Helmut ever describe his sources and methods? In all the math/engineering exams that I wrote, I had to show my work. Does Helmut show his?

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Yes, that would be the one and only Helmut Pastrick.

He goes home at night, takes the last 6 months worth of data, plots it on a graph.

Then he extends the line to the next 6 months.

Voila, the forecast for the next two quarters.

I could train a monkey to do this twice a year.

How Credit 1 can employ such a douchebag is beyond belief

Current score: 10 (to vote for this comment, please visit the site)

#47 Anon, Well thank you, I'm glad to see that at least some people get 'it'. Off topic, on topic, tomatos tamatas, its all the same. The media and the people who speak through it are at war for control of the conciousness of the public. The Canadian public seems to have capitualted for the most part and theres only a few free thinkers left in rag tag pockets of society. The mainstream is drunk on the celebratory end time kool aid.

The droning spin of chosen 'on topic' media spun stories is just another way of misdirecting the sheeple from the hard truth when its the truth that should be focused on but would be too difficult to manage for reasons known only to the spin meisters. Well hidden until exposed through the Freedom of Information act that is.

Basically one group is played against another, one idea against another, one emotion against another depending on how the issues poll, while people should be focusing on the real enemy, which is all the waste , gibberish and incompetance. The fox is in the henhouse and the farmers sipping tea.

These slug wits 'voting me down' are expressing simple disonance in that truth makes some very uncomfortable because it provokes thinking contrary to their own recently developed bias and longer held deluded perceptions. The secret is that I am engaging them and by voting me down they affirm the very thing they seek to destroy. Socrates was a real bastard wasn't he.

The truth is as I've stated it, whether its diamonds or doorknobs, the basis of fact remains the same. Tell the people of Chechnya that the politics of repression have nothing to do with real estate values. The day before the repression started people were probably out looking at condos. Think it can't happen here? Have you ever thought about before now?

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"We remind people that borrowing is for the period you are going to borrow, not just for the moment you take out the loan."

'huh, you mean my current monthly payment at 2.25% won't last the full 35year term?'

'but the mortage broker at the Dominion Lending Centre told me my payment would be $2,000, I didn't know it could go up'

Current score: 7 (to vote for this comment, please visit the site)

logic Says:

Because – whether we agree with him or not – he comments are usually off-topic.

========================

Off-topic? I have news for you: this bubble "topic" had been talked to death about three years ago. I believe the reason realpaul is being voted down is simple penis envy… because most of you had nothing new or original to say on this blog for the last three years.

Is it a bubble? Really????? Guess what.. it was a bubble yesterday, it is a bubble today and it will be a bubble tomorrow, too. And if you still want to discuss it then you have some serious compulsive-obsessive disorder and you should see your doctor.

Sticking to the "topic" makes you about the most boring person on this planet.

Being off-topic is what keeps this blog alive.

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Also, I was walking through Kitsilano today and the unkept buildings and security bars reminded me of Detroit.

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——

Because – whether we agree with him or not – he comments are usually off-topic.

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