REB Vancouver — Oct 09
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Amazing how few people are troubled by this chart…
Author: admin
CMHC – Canada’s Breaking Point
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Extraordinary data – direct from the CMHC and another reason to stay away from housing in Canada
Canadian housing market exhibiting phenomena we’ve seen before…
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“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.…
The State of Solid State Hard Drives
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According to Jeff Attwood SSDs have now come of age…. this is going to be big
Former auto task force head: Poor conditions at GM, Chrysler before bankruptcies were shocking
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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…
Ottawa’s bubble
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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…
3.5% of google wave
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Global view of the housing bubble from McKinsey
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The olympics will save us….
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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…
Money figures show there’s trouble ahead
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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…