Friday Free-for-all!

It’s that time of the week again, time for another Friday Free-for-all!

This is our regular end of the week news round up and open topic discussion thread for the weekend, here are a few recent links to kick off the chat:

Destroying Vancouver?
How to gloat gracefully
Define ‘bubble’
Zero down again please
CAD down the drain
Housing and oil, that enough?

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!

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MW
Guest
MW

“That the world has turned its economy into a gigantic Ponzi scheme is surely beyond doubt. There seems no other way to describe a system that, as well as being massively indebted, can only function by adding yet more debt. The big problem isn’t so much the debt mountain itself as the inability to function without an uninterrupted diet of new credit.”

#65. The Ponzi economy, part 1

https://surplusenergyeconomics.wordpress.com/2016/01/11/65-the-ponzi-economy-part-1/

Hamsteronwheel
Guest
Hamsteronwheel

Tech bubble crash 2.0

Brian Ripley
Guest
Brian Ripley

re: Define Bubble

In an attempt to do so I compared charts of the Commodity bubble since the 1970’s and Vancouver Housing since post dotcom bust:

http://www.chpc.biz/history-readings/behind-the-curve

Commodities topped in 2008 with the $147/bbl crude oil peak and then continued their descent in 2011 working the right side of the Eiffel Tower collapse into our current commodity bear market with enough energy to begin deflating other financial assets.

​The Vancouver housing bulls have yet to capitulate.

bestplaceonearth
Guest
bestplaceonearth

please supply more fancy charts and graphs – bears cannot have enough of them! you need more colors as well…

midnite toker
Member
midnite toker

I just got back from 3 weeks in south America, heard I missed the big earthquake lol. Anything else interesting happen?

space889
Member
space889

I bet this is not going to make team BPOM happy:

GE sells appliances business to China’s Haier
https://ca.finance.yahoo.com/news/ge-sell-appliances-business-haier-102224132.html

space889
Member
space889

And this just broken big local RE news will probably just make team BPOM’s heads explod:

Molson Canadian Vancouver site sold to unknown Chinese investor group who want to turn it into RE development – deal being advertised on Chinese only website with $150K minimum investment.

iconic-burrard-street-molson-coors-factory-now-a-speculative-land-play

Cat in the hat
Guest
Cat in the hat

RBC is trading at <10% PE, 4.5% yield.

Hot or not hot?

Son of Ponzi
Guest
Son of Ponzi

#7
HAM don’t like to drink.
But they sure like gambling.
Expect another Casino.

Best place on meth
Member
Best place on meth

#9

Doesn’t matter what it is or what they call it, it will just be another giant laundromat for mainland crooks – especially if sleazebag Julia Lau is involved.

I hope the city tells them to fuck off and it stays zoned as industrial.

Shut It Down Already
Guest
Shut It Down Already

You want lower house prices but also want to limit potential supply by keeping that land zoned industrial? I think that’s called cutting off your nose to spite your face.

space889
Member
space889

@Son of Ponzi – Just shows you know squat about HAM or Chinese in general.

Though you are right that you don’t like to drink the crap flavored water you call Molson, Labatt, etc, and really anything under 20% alcohol aren’t even consider to be hard liquor.

Best place on meth
Member
Best place on meth

The hackers are really subtle today, aren’t they?

Oracle
Guest
Oracle

From yesterday, I stand by my statement that Vancouver is growing by 50,000 people per year.

The fools that denied this yesterday ..can.. well continue to believe also that inflation is 1% in Canada. haha.

believe StatsCan? Good Luck!

I’ll take my estimation from ICBC stats. Sources tell me that the number of Drivers Licences and Number of cars insured tell a far more accurate picture. 😉 But this info is not for the public sheep like some here.

space889
Member
space889

This is one reason why crime is so rampant in Canada. Seriously, why aren’t all his financial assets confiscated? The guy had at least $2.7M in income from illegal activities!!! Shouldn’t those income be treated as proceeds of crime? A fine of only $900K and he gets to keep the rest?! WTF?

http://www.vancouversun.com/news/national/pulled+most+sophisticated+immigration+frauds+canadian/11651977/story.html

space889
Member
space889

@Oracle – With the way the dollar is tanking and that canada basically imports everything that’s used by the average family, I don’t think that 1% core inflation rate will last very long. Maybe BoC will adopt BoJ’s approach of using a core of core CPI number instead…

I mean realistically, who really needs to eat, live in a shelter, buy clothing, go to work, or use services like Internet, cell, etc? We just need to be environmentally green, responsible, and stop breathing out CO2 and everything will just be perfect and kumbanya, and Vancouver will be bestest ever!

space889
Member
space889
patriotz
Member

@16:

He also has to pay the back income tax that he was convicted of evading:

Wang had failed to report $2.7 million in income from 2007 to 2012, resulting in the evasion of $730,000 in income tax.

Probably not much left after that, but if there is, BC’s Civil Forfeiture Office, which reports to this person, could go after it:

http://www.theglobeandmail.com/news/british-columbia/article9185162.ece/BINARY/w620/Clark-parade-CP+(2).JPG

Yunak
Member
Yunak

@18

“BC’s Civil Forfeiture Office, which reports to this person, could go after it:”

It won’t, that would be racist.

Hçistory
Guest
Hçistory

the trading volume today in Velocity Crude 3x ETN… mind blowing

you want to be a bull.. the volume over 74 million… but the Crude goes down, yet again, and the ETN loses 14%

the opposite play, Velocity Bear ETN, on under 1 million shares, gives a gain over 13%…

http://www.3xetf.com/3x_US_Dollar_ETF

Bull! Bull! Bull!
Guest
Bull! Bull! Bull!

injection sites coming to your neighborhood as promised

West End clinic becomes North America’s second legal supervised injection facility

http://www.straight.com/news/617646/west-end-clinic-becomes-north-americas-second-legal-supervised-injection-facility

Best place on meth
Member
Best place on meth

@19

Damn right it would be racist.

That guy built our railroad so leave him the hell alone!

Hçistory
Guest
Hçistory

INDL a 3x ETF that measures the bull in India
down over 9%, on just over 200thousand shares…

India bulls have shit in their mouths, swallowing hard…

Shut It Down Already
Guest
Shut It Down Already

Trolls, both of you. Either that or you have no clue what racism is.

Bull! Bull! Bull!
Guest
Bull! Bull! Bull!

brothels coming too

New Justice Minister Says She’ll Listen to Sex Workers on Prostitution Reforms

http://thetyee.ca/News/2015/11/27/Justice-Minister-on-Sex-Work/

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