BIS warns on interest rates

From southseacompany: another warning about rates knocking back growth.

“The world has become so used to cheap credit that higher interest rates could derail the global economic recovery, the Bank for International Settlements has warned.”

“After cutting interest rates to all-time lows and pumping trillions of dollars into markets to boost growth in the aftermath of the global financial crisis, central banks are now preparing to tighten their monetary policies.”

“All this underlines how much asset prices appear to depend on the very low bond yields that have prevailed for so long.”

Read the full article here.

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southseacompany
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southseacompany
bullwhip29
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bullwhip29

RCMP probing dozens of vendors over fentanyl shipments from China
http://bc.ctvnews.ca/rcmp-probing-dozens-of-vendors-over-fentanyl-shipments-from-china-1.3594314

>>> gr vanc continues to solidify its reputation as the best place in the world do whatever the heck you want…

Abdul Lahazi
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Abdul Lahazi

What good has ever come out of that country in recent times? Seems like everything from China just fuks up Canada.

Just me
Guest
Just me

Cheap TVs? But not much use for them if you have no space in your rented apartment…..

Just me
Guest
Just me

Goupil said their investigation has only uncovered Chinese suppliers of fentanyl for the illicit market.
“It’s not just Canada, it’s the U.S., and it’s all the other countries as well that are putting a lot of pressure on China,” Goupil said, adding Mounties have met with Chinese officials twice since November 2016.
Chinese officials could no longer ignore their country’s role in Canada’s growing opioid epidemic, he said.
“We suggested a course of action for China to actually stop and disrupt the influx of shipments of fentanyl. We want to make sure that China assists us once we identify vendors.”

What a great country China is.

Lost...but not leased
Guest
Lost...but not leased
May suggest a review of Opium Wars 1800’s…(and how British Imperialism is ground zero for most of worlds problems) The strategy for taking over China was to addict the people to Opium. Chines emperor revolted, destroyed Opium..and the Brits retaliated and demanded compensation. The creation of Hong Kong was rooted in this…the Brits wanted a colony aka a base to keep China in line. ..the lease ran out in 1997..think of the global impact this leftover from the Opium Wars has had….it seemed to act as a front for the ultimate global invasion by mainland China. …….as I mentioned before, Mao was a student at Yale and mainland China going Communist in 1949 was a capitalist plan. (Or Hawaii….if there was no Hawaii , at least via a colony of US..WW2 would not have happened) Much of the olde money… Read more »
Ulsterman
Member

funny how China can stop all sorts of activities such as political dissent, journalism that doesn’t meet state requirements, use of Google, Facebook etc, but it can’t control dodgy money and drugs being shipped all over the world.

Just me
Guest
Just me

Makes you think they are doing it deliberately, doesn’t it?

Best place on meth
Member
Best place on meth

It’s obvious what they’re doing.

KickThemOut
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KickThemOut

You mean like how USA totally won the War on Drug with respect to heroine, cocaine, and weed?

KickThemOut
Member
KickThemOut

Wait? I thought China is a shit hole populated by illiterate peasants who hasn’t progressed past 18th century, and can’t do anything better than low quality crap. Yet you expect them to succeed where even USA failed with all its resources in War on Drugs?

KickThemOut
Member
KickThemOut

Top 10 most lame “animation” ripoff movies by locusts – Frozen, Cars, Up, Kung-Fu Panda, Brave, etc, etc….. absolutely no shame and appalling laziness in doing a good job.

http://youtu.be/9TkZigxFFB4

patriotz
Member

“appalling laziness in doing a good job”

Goes for that crap video too. Every cheapjack YouTube trick in the book.

Lost...but not leased
Guest
Lost...but not leased

Isn’t the BIS referred to as a bank of last resort ?
Seems to me they are faux scolding member banks…but then what..foreshadowing a global depression?

Owen
Member
Owen

I thought they were just what their name implies, a bank for moving funds between banks. World Bank/IMF would be more akin to a bank of last resort, no?

BIS gained some notoriety for inflation fear-mongering before. This latest analysis sounds like maybe they’re turning over a new leaf? I’m not sure; maybe they’re just glass-half-empty types in general.

Just me
Guest
Just me

Corrupt Brazilian tycoon among applicants for Portugal’s golden visas
Leaked documents also show relatives of an Angolan politician accused of bribery bought access to Europe via Portugal

https://www.theguardian.com/world/2017/sep/18/portugal-golden-visas-corrupt-brazilian-tycoon-among-applicants

Nooo! And I was thinking that all these new citizens were trying to set an example and create employment and wealth in their new countries….

Just me
Guest
Just me

Chickening out already?

Bank of Canada Tracking Impact of Higher Rates, Stronger Loonie

https://www.bloomberg.com/news/articles/2017-09-18/lane-says-boc-tracking-impact-of-stronger-dollar-higher-rates

Interest rates are still “quite low” compared to their “neutral” levels, but that “still seems appropriate” given the central bank doesn’t know how the economy is going to react to interest rate increases. For example, households are way more indebted than they were the last time interest rates were near neutral.

Lost...but not leased
Guest
Lost...but not leased

To the world…W,TF is so hard to understand…..????

Cheap money(ie low interest rates and hyper inflation via central banks printing presses working OT) is no different than a drug..the vast majority of people are addicted to it, and any attempt to address this will result in figurative and literal revolution.

From the BIS down to national banks….IMHO they will blow smoke and role play as fiscal and economic referee……knowing full well it is out of control. This begets the classic premise “All wars are bankers wars”…and when SHTF…..Bankers certifiable and classic solution is to manipulate the citizens into a bloodbath……

WW1 and WW2 were classic examples of this

Abdul Lahazi
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Abdul Lahazi

Keep your eyes on North Korea.

Best place on meth
Member
Best place on meth

Because soon it will be gone.

Abdul Lahazi
Guest
Abdul Lahazi

Fed likely to pare its bond portfolio even with outlook hazy:

http://www.news1130.com/2017/09/18/fed-likely-to-pare-its-bond-portfolio-even-with-outlook-hazy/

more unwinding…

Abdul Lahazi
Guest
Abdul Lahazi

Montreal man comes home to find condo trashed after renting on HomeAway

http://globalnews.ca/news/3752435/montreal-man-comes-home-to-find-condo-trashed-after-renting-on-homeaway/

LOL bummer…

KickThemOut
Member
KickThemOut

China’s sharing economy now embraces sex dolls

http://phys.org/news/2017-09-china-economy-embraces-sex-dolls.html

paulb
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Active Member

New
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http://www.clivestevepaul.com

Just me
Guest
Just me

A midseptember inventory boom?

BubbleTea
Guest
BubbleTea

Sellers realized the top of the market has came and gone. Better to sell before it crash.

Foo Man
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Foo Man

Or just September market like every other year

Best place on meth
Member
Best place on meth

Sell/list ratio doesn’t drop from 75% to 46% between August and September every other year.

Foo Man
Guest
Foo Man

Who cares? Inventory is lowest it has been in 10 years. 75% is really high for August – 46% is even high for September. Interpreting seller panic or “inventory boom” from listings in the last 2 weeks is stupid

Best place on meth
Member
Best place on meth

It’s not one number or the other, it’s the 29 point spread that’s odd.

10-15% is typical.

But then again, we’re only a little over half way through the month.

Shut It Down Already
Guest
Shut It Down Already

Nailed it. There’s always a mini inventory bounce in September that tails off again at Thanksgiving.

Best place on meth
Member
Best place on meth

That being said, the first 3 Mondays in September have averaged 426 listings.

That’s off the charts.

Just me
Guest
Just me

SIDA is in real estate sales. I know you think he is not. But you are wrong.
He is worried shitless about the gravy train stopping.

Shut It Down Already
Guest
Shut It Down Already

You wish. Can you get anything right, I wonder?

Dave
Member

Hard to argue these numbers as not being bearish.

Higher interest rates plus four years of GreeNDP seems to be sinking in now.

Combat roach
Guest
Combat roach

You are right, all is well… is bestplaceonearth your father?

KickThemOut
Member
KickThemOut

The same old advice of Sell Now or be Priced In FOREVER(tm)?

Oracle
Guest
Oracle

So what you guys think if the campaign finding rules?

Looks like NDP LIbs and Greens have made a backroom deal to make sure no other parties are ever born after Porportional Representation.

Why else would they institute a $2.50/vote subsidy from previous election and campaign reimbursements?

Just me
Guest
Just me

I think it is great. The public money involved is peanuts, compared to what it cost in terms of tax rebates and policy favours. The BC Libs won’t be happy.
It is a good, and long overdue, piece of legislation. It will stop influence peddling. Anche criticism based on the government subsidization of political parties is in bad faith: the cost to taxpayers is ridiculously low.
Finally something good coming out of my vote.

Abdul Lahazi
Guest
Abdul Lahazi

Typical real estate pump article; no bad news just things will get better.
Montreal emerges as luxury real estate ‘hot spot,’ Sotheby’s report says
https://app.tmxmoney.com/news/cpnews/article?locale=EN&newsid=TB1705a&mobile=false

Sotheby’s also anticipates “a brisk and active” market for luxury real estate in Toronto this fall and for Vancouver to regain momentum as a strong Canadian economy is expected to boost confidence and performance in the autumn months.

If they mean momentum DOWN in Vancouver then they are likely correct.

bullwhip29
Guest
bullwhip29

the common denominator in all these stories is the foreign buyer’s tax (or lack thereof). the hired talking heads who continue to insist this isn’t a factor whatsoever are simply spreading lies

Abdul Lahazi
Guest
Abdul Lahazi

Deadly stabbing in Burnaby
http://www.news1130.com/2017/09/19/reports-stabbing-burnaby/
This area of Burnaby is now owned by Azians.

bullwhip29
Guest
bullwhip29

koreans?

KickThemOut
Member
KickThemOut

Thank goodness Canada hasn’t been overrun by you people, or else we would be reporting bombing on Skytrain with 100+ dead on the front page news. This is why we real Canadians need to have concealed and open carry rights like in US.

Abdul Lahazi
Guest
Abdul Lahazi

“You people” ? You are a “real Canadian” advocating gun violence ? Are you off your meds ?

KickThemOut
Member
KickThemOut

Yes, you and your fellows who loves to blow up non-believers and believe women are properties.

I’m talking about the right to protect us, real Canadians and our culture from foreign invaders who apparently hasn’t advanced past 14th century.

Abdul Lahazi
Guest
Abdul Lahazi

I’m not a Muslim. Generalize much?

KickThemOut
Member
KickThemOut

Muslim is not a race buddy.

Just me
Guest
Just me

Chinese parents splash out on US properties to pay for children’s college education

http://www.scmp.com/property/international/article/2111884/chinese-parents-splash-out-us-properties-pay-childrens

With almost 40,000 Chinese students studying in the US, their parents are investing in US property markets in the hope that the returns would cover the cost of tuition fees, and in the process making Chinese the top buyers of American real estate.
Despite a recent clampdown on overseas property investment by the Chinese government in its fight against potentially damaging capital outflows, buyers from mainland China as well as Taiwan, Macau and Hong Kong have splurged US$31.7 billion on American real estate so far this year, up from last year’s US$27.3 billion, according to the National Association of Realtors.

KickThemOut
Member
KickThemOut

That’s top buyers after Canada….we are still no 1

Oracle
Guest
Oracle

Yup.

The real cause of the boom. Plus they asked their parents to come with the 10yr visas.

Wait until a year or two down the road when rents totally detach from local incomes.

Then the naysayers will be screwed. Gov purposely silent as those in power raking in the kickbacks.

Oracle
Guest
Oracle

And on the top of that, people here think I’m a pumper when in fact all I’m doing is pointing out the facts and root cause.

Just me
Guest
Just me

Documents show former B.C. government allowed oil execs to refine climate plan language

http://www.cbc.ca/beta/news/canada/british-columbia/documents-show-former-b-c-government-allowed-oil-execs-to-refine-climate-plan-language-1.4296405

Just one of many examples of why it is preferable to have a system without large donations.

KickThemOut
Member
KickThemOut

So instead of Jim P donating $1M, he will just donate $1M on behalf of his 1000 employees….same old.

And are those $1000/plate dinner count as donations?

Dave
Member

Fake News.

The headline is negative but in the article they say the government didn’t really change anything. Why wouldn’t we expect our government to consult stakeholders? The headline is idiotic from that perspective.

Just me
Guest
Just me

Sure. You are right. Why would one ever think that the BC Libs may draft policies to please rich donors?

Dave
Member

Governments definitely do that and the Liberals were as guilty as anybody else. But, the CBC sure as hell didn’t demonstrate that in this circumstance. The headline said one thing and the article the opposite. The fact that the Minister of Environment commented on it suggests the article was written by an NDP hack. What are they, the Tyee now?

Just me
Guest
Just me

The BC Libs just as guilty as everyone else? Be careful, you are talking about Christy Clark here. She took the whole thing a few notches above everyone else.

You must give credit where it is deserved. She was gifted at the art of the political favor.

KickThemOut
Member
KickThemOut

Chinese’s first infiltration attempt into the Canucks? How long before the team is sold?

http://dailyhive.com/vancouver/canucks-sign-china-national-team-goalie

Abdul Lahazi
Guest
Abdul Lahazi

I heard on the news today that they said “it was foggy ” there… Fog, ya sure.

Best place on meth
Member
Best place on meth

I wish the locusts WOULD buy the Canucks and move them to Shanghye.

KickThemOut
Member
KickThemOut

Look at the sellouts…absolutely disgusting…I will be refunding my season tickets due to the disgust and boycott them: Let’s see any of you bears do the same. Meth? Combat? Roach? Abdul? BearVan?

Canada in Shanghai cozying up to Commies locusts.

https://www.facebook.com/Canucks/

Hyper-mega-Bull
Member
Hyper-mega-Bull

people have already sold their tickets

Canucks season tickets a tough sell as NHL team struggles
http://vancouversun.com/news/local-news/canucks-season-tickets-a-tough-sell-as-nhl-team-struggles

but u know what? what they are doing seems to fight perfectly with the character of the city. a bunch of white guys who can’t make it here go to china to feel successful and like stars.

KickThemOut
Member
KickThemOut

Apparently not any of the bears since they are now hoping to get Canuck’s tickets on the cheap….

Hyper-mega-Bull
Member
Hyper-mega-Bull
KickThemOut
Member
KickThemOut

And yet there are still damn so many of them and invading us. Mao obviously didn’t do a good job, just like every other job he tried to do.

Just me
Guest
Just me

You have serious issues. Please seek professional help.

Doomcouver
Guest
Doomcouver

Yeah, that’s a little sociopathic. Even though I think more Chinese should stay in China, it doesn’t mean they should be dead. That’s f’d up.

KickThemOut
Member
KickThemOut

Clueless politicians as usual…no action against commie china

Small-Town American Budgets Devastated By Opioid Crisis As 41 States Subpoena Big Pharma
http://www.zerohedge.com/news/2017-09-19/opioid-crisis-devastating-lives-and-small-town-american-budgets

paulb
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Active Member

New
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http://www.clivestevepaul.com

lalalala
Guest
lalalala

video from burnaby stabbing. judging from his gigantic head my money is on korean.

https://twitter.com/Bcnewsvideo/status/910078638879522816

Doomcouver
Guest
Doomcouver

Is a Korean stereotype that they have big heads? I was not aware of that one.

Oracle
Guest
Oracle

This blog is dying as people realize that NDP and Greens basically lied to get elected.

Wow. No action on housing almost 5 months after election. Prices on low end up 20% since then and rising.

Wow. New Pigs at the trough. Pay to play with the new guys.

Doomcouver
Guest
Doomcouver

I’m not willing to make any conclusions until they deliver their housing policy that is forthcoming. I’m sure making promises is way easier than drafting legislation, so I can see why it might take a little while if the housing legislation is complicated. If it’s toothless and/or immaterial then we’ll know they lied and want to prop up the bubble as much as possible.

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