tag:blogger.com,1999:blog-5936637281134795592.post6851465559381364954..comments2024-03-08T08:55:52.985-08:00Comments on Whispers from the Edge of the Rainforest: Huh?Unknownnoreply@blogger.comBlogger11125tag:blogger.com,1999:blog-5936637281134795592.post-54599852740257254852012-06-28T00:02:25.534-07:002012-06-28T00:02:25.534-07:00LOL @rp1 - couldn't have said it better.
1+ ...LOL @rp1 - couldn't have said it better. <br /><br />1+ Trillion and counting...<br /><br />DmitriAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-83879552750864997162012-06-27T23:43:02.492-07:002012-06-27T23:43:02.492-07:00The next bubble...The next bubble...rp1noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-46427711779490459882012-06-27T22:11:08.746-07:002012-06-27T22:11:08.746-07:00The S&P 500 has outperformed gold the last 30 ...The S&P 500 has outperformed gold the last 30 years. It doesn't matter if it's gold, oil, ethanol, corn, guano, if someone in the market can make money off of it and make derivatives and CDSs... they will. And if they can do all of that there are investment banks big enough to manipulate it and profit off of it.<br /><br />I think Roubini put it best when asked what he thought people should invest in. "I've always believed the best investment is an education."JRnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-59876461566945843532012-06-27T18:26:20.816-07:002012-06-27T18:26:20.816-07:00It is interesting how Garth Turner changed his opi...It is interesting how Garth Turner changed his opinion on financial markets, just yesterday. Turner has been outright rude to anyone who disagreed with his opinion that Europes problems were contained, or that things in the US were improving. He dissed Richard Russell as being too old, called Celente a nut and simply ignored John Embry and Eric Sprott, while providing no rational economic analysis of his own. In addition he continually labelled $50 drops in the gold price as a collapse, while being oblivious to the run from $300 to $1900.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-13116987436806845102012-06-27T14:42:01.124-07:002012-06-27T14:42:01.124-07:00:-):-)Whispererhttps://www.blogger.com/profile/03524022285962626228noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-38131787948975133132012-06-27T11:47:03.035-07:002012-06-27T11:47:03.035-07:00Great post. There is too much greed in the bankin...Great post. There is too much greed in the banking system to let things go unregulated. See how well that worked in the US? People left to their own devices will rack up too much debt, the problem being it will drag down the economy if they are allowed to. Like flies in a jar given too much food they will over-consume and collapse.<br /><br />I see people living lifestyles in the lower mainland that there is no possibility they can afford unless they have a grow-op. I know an instance of a women with several kids who has racked up 25k in debt that her husband does not know about. I bet this is common place. People think that if things hit the fan they can just sell the house and everything will be fine. Anyone with who got a 40 year mortgage 5 years ago has next to no equity despite payments that are 50% higher then renting.<br /><br />I don't agree with everything Garth Turner says but last night was one of the darkest posts he has done. Krugman's latest writing is getting more dire in terms of Europe, basically saying we are on the road to a second great depression. Europe pretty much is already in it. Both him and Roubini saying that Europe will likely have a disorderly exit from the Euro in a matter of months not years. If you don't think these factors along with housing won't crush the Canadian economy take a look at GDP by sector. The amount of unemployment will be unthinkable as the world resets.<br /><br />I find what's going on very scary.JRnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-83144374691248739382012-06-27T11:25:56.796-07:002012-06-27T11:25:56.796-07:00OMFG is that guy for real? Have the poor fellow go...OMFG is that guy for real? Have the poor fellow google "canada mortgage bond" for some insight into government interference.<br /><br />Thanks for the hump day chuckle.jessehttps://www.blogger.com/profile/02155122147972263497noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-5423696882239472692012-06-27T11:05:06.146-07:002012-06-27T11:05:06.146-07:00This is the exact argument that drives me crazy fr...This is the exact argument that drives me crazy from people who are opposed to the rule changes. They all cry foul over government interference in the free market, yet choose to completely ignore the CMHC. Government interference in the free market at it's finest.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-82102586365556142652012-06-27T10:20:15.386-07:002012-06-27T10:20:15.386-07:00Can't say it better.Can't say it better.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-83331897479574521902012-06-27T10:10:58.847-07:002012-06-27T10:10:58.847-07:00Excellent, excellent post. I couldn't agree m...Excellent, excellent post. I couldn't agree more. Thank you!Drewnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-34847388361085760162012-06-27T09:34:11.430-07:002012-06-27T09:34:11.430-07:00Completely Agree!!! If there was no government in...Completely Agree!!! If there was no government intervention in the form of insurance and the banks decided what risks to subject themselves to then we never would have got here in the first place because the banks would be to terrified of the potential defaults with the amount of leverage that has gone on.Anonymousnoreply@blogger.com