tag:blogger.com,1999:blog-5936637281134795592.post4979752795250663392..comments2024-03-08T08:55:52.985-08:00Comments on Whispers from the Edge of the Rainforest: Bank of Canada: Low Interest Rates Here to Stay?Unknownnoreply@blogger.comBlogger12125tag:blogger.com,1999:blog-5936637281134795592.post-76322946421005227382014-04-29T14:30:33.840-07:002014-04-29T14:30:33.840-07:00There really is no difference between cheap lendin...There really is no difference between cheap lending and sub-prime lending in a market like this, either way the money is being used recklessly. You take a place like the 240th corridor in Maple Ridge, there is more new construction then you could possibly believe, meanwhile there are Onni homes sitting there that have not sold in over 3 years. Builders have to keep building, otherwise they are out of work. This exact same thing happened at the top of the market in the US. It's only a matter of time.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-40138548865398202432014-04-29T12:24:14.685-07:002014-04-29T12:24:14.685-07:00Anything that increases demand for RE in Vancouver...Anything that increases demand for RE in Vancouver contributes to the problem. Low rates, CMHC and wealthy offshore buyers are all partly responsible.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-59769396052231905292014-04-29T07:30:48.367-07:002014-04-29T07:30:48.367-07:00When this thing happens, we really won't have ...When this thing happens, we really won't have any choice but to just sit here and take every bit of verbal abuse and scorn we're going to suffer from the U.S. politicians and public: <br /><br />1) We have really, REALLY earned it, and <br /><br />2) For all the backhanded ridicule Flaherty heaped on them in speeches around the world for several years, they do deserve the satisfaction. davidnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-2606347193663233412014-04-28T15:24:05.140-07:002014-04-28T15:24:05.140-07:00listen to 35:40
https://www.youtube.com/watch?v=V...listen to 35:40<br /><br />https://www.youtube.com/watch?v=VBPZ58dzjfEAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-26380146716605726002014-04-26T22:08:47.360-07:002014-04-26T22:08:47.360-07:00Kyle bass made a tonne of money forcasting the fal...Kyle bass made a tonne of money forcasting the fall of us re. Listen at 35:40<br />Hayman Global Outlook Pitfalls and Opportunities for 2014 by Kyle BassAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-91022667883431461352014-04-26T18:26:16.408-07:002014-04-26T18:26:16.408-07:00I did publish a piece just 3 weeks before Mr F. di...I did publish a piece just 3 weeks before Mr F. died about the faulty (IMO) ideological Conservative mania for balancing the Federal budget when there is a deep trade imbalance: http://www.chpc.biz/2/post/2014/03/sectoral-balances.html<br /><br />It's too bad there is so little public discussion in the mainstream about how the monetary system works. The best place I know to try and get a handle on the reality that "If society wants more private sector saving (which is the source of investment capital), then either the Federal government must run a bigger deficit or exports must increase." is: http://monetaryrealism.com/<br /><br />In Canada, exports don't look like they will increase with China slowing and the U.S. producing 2x Canada's Oil production: http://www.chpc.biz/2/post/2014/04/slippery-slope.htmlBrian Ripleyhttp://www.chpc.biznoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-57910472420651754102014-04-26T18:05:19.067-07:002014-04-26T18:05:19.067-07:00Interest rates? CMHC?
I thought it was the Asians...Interest rates? CMHC?<br /><br />I thought it was the Asians. Average Vancouveritenoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-53866383001738860712014-04-26T12:33:38.677-07:002014-04-26T12:33:38.677-07:00save the internet
http://www.savetheinternet.com/b...save the internet<br />http://www.savetheinternet.com/blog/2014/04/24/wake-internet-time-save-yourselfAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-47199532063706458982014-04-26T12:17:15.087-07:002014-04-26T12:17:15.087-07:00Financial repression and the biggest misallocation...Financial repression and the biggest misallocation of capital in world history. This will not end well. How much is Canada printing to maintain this distortion of economic history?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-5329090412960224532014-04-26T11:51:30.227-07:002014-04-26T11:51:30.227-07:00We are witnessing the blow-off phase of decades of...We are witnessing the blow-off phase of decades of bad economic policy and poor monetary decisions based on the framework of unsustainable debt based fiat financing. Interest rates will never be raised; it now impossible.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-39579763212842888252014-04-26T10:20:17.277-07:002014-04-26T10:20:17.277-07:00Don't step on it with your boot, Ted!
Shut up...Don't step on it with your boot, Ted!<br /><br />Shut up, devil woman!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-5088880106536877802014-04-26T08:26:59.150-07:002014-04-26T08:26:59.150-07:00Meanwhile, they quietly keep trying to put the CMH...Meanwhile, they quietly keep trying to put the CMHC toothpaste back in the tube....thanks entirely to James Flaherty who, now that he's dead. will be spoken of in hushed, reverent tones and remembered as a "fine little Irishman" ----- and not the little hooligan who left a bag of flaming economic dog poop on our porch. davidnoreply@blogger.com