Comments on: More on the Canadian Housing Bubble

By: neeo

neeo — Wed, 17 Feb 2010 03:12:11 +0000

This is spin doctoring pure and simple by a shyster group of politicians and the media whores who say they are starving for revenue. Its misdirection for local consumption just in case the ‘bad stories’ are being read and discussed around the water cooler. .................. neeo uk mortgage

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By: FromTheStates

FromTheStates — Fri, 05 Feb 2010 14:33:31 +0000

@Due Diligence I'm not "defending the value of my 'asset'". I'm just wondering whether Vancouver will suffer a similar 40% drop. Did you even read what I said? About the US/CAD dollar, I am well aware of the current exchange rate. But commodity prices are dropping currently, add to that the flight to safety as people by US dollars, and it's just as likely the USD goes up compared to the loonie as the other way around. I'm not arguing it's not a bubble. I'm saying that US and Canadian economies are different (US is 10x the size of Canada, reserve currency, and all that), and the bubble may not play out in the same way in both countries.

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By: logic

logic — Fri, 05 Feb 2010 01:26:37 +0000

Ha, good on the ozzies. Hope the tell VANOC to "take a flying fuck".

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By: GreenAndGold

GreenAndGold — Fri, 05 Feb 2010 01:12:42 +0000

Olympic team defies order to take down flag

http://www.cbc.ca/canada/british-columbia/story/2…

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By: Anonymous

Anonymous — Thu, 04 Feb 2010 23:04:13 +0000

@Starving Artist: 9 X Starving Artist Says: February 4th, 2010 at 2:15 am Ten hands shot up. What happened next left him stunned. After a secret auction, the winning couple offered a whopping $852,500. Seriously, who the hell are these people and how can they be so stupid?? ============================ Hey, I bought a car last week! The MSRP was $32,000 and I got it after a bidding war! I only paid $38,000!!! The salesman told me to "get in now" or I'll be bussing it until the day I die. I'm both lucky and brilliant!!!

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By: logic

logic — Thu, 04 Feb 2010 23:02:57 +0000

"@FORREST: “Who are they gonna sell stuff to if nobody gots any money left?” They can start buying the stuff themselves. In a bizarro world. Chinese citizens have high savings rates for a reason. " ----------------- Well, they used to. That was before the xplosion of credit there in recent years that has turned their new middle classes into debt-slaves just like the West. Also, one has long needed saving in China, as there is little or no social safety net - no EI if you get laid off, no old age pension. You either save when u are working or you starve in bad times.

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By: usnews

usnews — Thu, 04 Feb 2010 22:10:34 +0000

Friday’s unemployment numbers will reveal that government has under estimated job losses by nearly 1 million jobs! The end result will continue to panic investors, trigger a drop in consumer spending, and shred profit margins as consumers pull back their horns finally realizing the recession is far from over. And while I can’t tell you exactly how many more jobs will be lost in this month, I can tell you this: the nearly 1 million jobs that were under reported from April 2008 through March of 2009 won’t be coming back for a very long time.

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By: !(EconomicsDegree)

!(EconomicsDegree) — Thu, 04 Feb 2010 21:58:58 +0000

@Its All In the Name: "Look at RICHmond in Metro Vancouver and RICHmond Hill in the GTA " How do you explain MARKham?

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By: !(EconomicsDegree)

!(EconomicsDegree) — Thu, 04 Feb 2010 21:57:26 +0000

@FORREST: "Who are they gonna sell stuff to if nobody gots any money left?" They can start buying the stuff themselves. In a bizarro world. Chinese citizens have high savings rates for a reason.