tag:blogger.com,1999:blog-5936637281134795592.post6360950552566594056..comments2024-03-08T08:55:52.985-08:00Comments on Whispers from the Edge of the Rainforest: Lux Æterna: Cassandra's NightmareUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5936637281134795592.post-37945025910799752482010-12-16T13:04:11.119-08:002010-12-16T13:04:11.119-08:00Great post.Great post.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-2849992166260184022010-12-15T09:58:13.156-08:002010-12-15T09:58:13.156-08:00They still have time, but no one will listen.
Exc...They still have time, but no one will listen.<br /><br />Excellent post.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-56730832606773735282010-12-15T08:09:00.066-08:002010-12-15T08:09:00.066-08:00Carney appeared on BNN warning Canadian about debt...Carney appeared on BNN warning Canadian about debt and seem to say in vain: "fret thy finance with balances and cares". The reality is how can Canadians escape the same fate as our Americans friend if our government takes the same road (low interest rate) to avoid it? There is no value in saving, at 1% rates, the bank gives you even less. There is no value in safe investment when the return is less than inflation. It leaves only to consumptions and speculative investments. What concern Carney is not our present, but our future ability to service the debt. What does Carney know that he is not saying on BNN? If one venture to guess, there few events that might affect Canadian directly or indirectly. The precursor to all this was QE2, when Bernanke appeared on CBS and guarantee 100% confident that Fed can control inflation. This amounts to an extraordinary singular event for central banker. Most central banker speaks in a cryptic language, but Ben spoke like the Oracle of Delphi with 100% confidence in an almost uncertain voice. This actually scares the bond holder and they show it by driving the yield higher. However, why fleeing a relatively safe asset like the U.S treasury when the Euro is about to face a real acid test of European unity, equality and fraternity? The simple answer is: QE3, QE4...QEn. To compound the problem, these possible events occurring in 2011 might influence Canada:<br /><br />U.S will reach 100% debt/GDP.<br />U.S State and Municipal debt.<br />U.S housing and unemployment problems.<br />European PIIGS, notably Spain, Portugal and Italy. <br />China inflation.<br />China shadow banking.<br />Commodity price.<br />Japan deflation<br /><br /><br />Any of these event will create instability and investor will demand higher rate. These are the reason why Carney went on BNN and warned of rising rates and economic uncertainty. However, the good news is Canadians still have some time left and problems will probably not occur until the 3rd-4th quarter of 2011.<br /><br />Happy holidays everyone.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-36805658561951956992010-12-15T01:11:41.684-08:002010-12-15T01:11:41.684-08:00This is without a doubt the best post you have eve...This is without a doubt the best post you have ever put up, Whisperer. Four times I have read it. Playing your youtube clip in the background just intensifies the message. Well done.<br /><br />RobertAnonymousnoreply@blogger.com