Category Archives: Finance

the long run…

“The long run is a misleading guide to current affairs. In the long run we are all dead.” John Maynard Keynes

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Markets: Bubble warning | The Economist

Markets are too dependent on unsustainable government stimulus. Something’s got to give via Markets: Bubble warning | The Economist. “THE effect of free money is remarkable. A year ago investors were panicking and there was talk of another Depression. Now … Continue reading

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US House Prices Still Have A Ways To Fall

Major problems coming in commercial real-estate too.

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This may be the best time to sell according to James Wong. That’s not a unique opinion…. what is unique is that he’s a Realtor.

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REB Vancouver — Oct 09

Amazing how few people are troubled by this chart…

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Canadian housing market exhibiting phenomena we’ve seen before…

“OTTAWA – Bank of Canada governor Mark Carney has repeated his concern that Canadians may be getting in over their heads in the purchase of homes, saying the government has ways of slowing the market. Carney told a Senate committee … Continue reading

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Former auto task force head: Poor conditions at GM, Chrysler before bankruptcies were shocking

GM’s board of directors was “utterly docile in the face of mounting evidence of a looming disaster” and former GM chairman and chief executive Rick Wagoner set a tone of “friendly arrogance” that permeated the company, Rattner wrote.

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Ottawa’s bubble

Garth Turner: “If I want to buy that $400,000 house and have $200,000 for a downpayment, why am I paying the same mortgage interest rate as the first-timers who barely have pizza money? Don’t they constitute a larger risk? Where’s … Continue reading

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The olympics will save us….

Apparently a lot of smart, wealthy Asians and Americans who adore the 6 months of rain, prohibition-era liquor laws, visible poverty and generally over-regulated nanny state known as the Cty of Vancouver, will soon move here and buy bucket loads … Continue reading

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Money figures show there’s trouble ahead

Private credit is contracting on both sides of the Atlantic. The M3 money data is flashing early warning signals of a deflation crisis next year in nearly half the world economy. Emergency schemes that have propped up spending are being … Continue reading

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