Ontheboatout

The OECD purchasing power parity model.

http://en.wikipedia.org/wiki/Purchasing_power_parity

Ontheboatout

http://www.shelteroffshore.com/index...-market-10039/

Ontheboatout

[QUOTE=SAW 04;6866217]same old shit, another post from OTBO


It's the Fall River UK2NS crowd again

Ontheboatout

But your a realtor, with respect you're hardly going to say anthing else are you?[/QUOTE]

I could have said Sell Sell Sell.

mik_n_ash

Article Published on Thursday, September 04th, 2008




seems to me a whole lots changed since then!!!!!
FTSE
DOW
TSX
all down massively, stocks... down, forx... down, gold, silver, platinum, oil, natural gas... all DOWN.... we are heading into an economic environment the likes of which has not been seen since the great depression, and are arguably in a worse situation than that time, what with the massive credit deriritive losses, as well as massive government backed underwriting of debt and fraudualent mortgage loans in most of the western world, including Canada. To be trying to convince people to buy property (in which you obviously have a large vested interest) is wholy irresponsible... although hopefully your career will be over soon just like all the asda suit wearing idiots in the UK.... Good luck with that.

Ontheboatout

If you in the UK, USA or elsewhere, are lucky enough to have sold your house, have the cash and plan to buy in Canada get ready to buy some dolars in the next few weeks....if you are in New Brainswick that's your own fault.

Ontheboatout

Thanks, exactly - and the Canadian dollar is heading down to the best level for THREE YEARS - so Buy! Buy! Buy!

Sell ASDA, buy John Lewis.

Ontheboatout

"....fraudualent mortgage loans in most of the western world, including Canada....."

Incorrect, Canada has been immune, no-overlending, economy is strong.

mik_n_ash

You seem to have missed the point completly, taking on a large investment in the upcoming financial storm would be tantamount to financial hari-kari. Encouraging people to buy in the present climate would be locking them into a prolonged period of hardship, whichever way the worldwide economy will go (inflationary, deflationary or depression) the only way to come out of the other side is to minimise personal debt and to hold a strong currency. Canada is not immune to this, and your irresponsible ramping of property, albeit on an internet forum, is exactly what has gotten the world into its current mess.

mik_n_ash

Do you work for Steven Harper?

Canadian lenders are exposed to subprime just like most other major economies, no overlending??? You're clearly mental!!!! With the average wage in NS being... maybe $30k? And houses in and around halifax etc coming in at well over 200k how can someone on an average wage afford it? 0 down and a 40 year term is just as subprime as any lending in the US!


Liberal Leader Stephane Dion "Canada has the worst economic growth of the G8 countries this year, and we've had 9 months of failing labour activity. Now the chief economists of the major banks are forecasting a recession for Canada."

www.metronews.ca Oct 10th 2008 (a whole month newer than yours!)

Ontheboatout

There is no financial storm here - you are thinking of the USA. Stocks are down but they will be up again when the "buy low, sell high" activity starts.

If I was emigrating to Canada (I think that's why most people are on here) , and I was ready to buy a property in Canada (which at some time people emigrating do), I would want to do so when I am going to get most cash for my hard earned pounds, and that will be in the next few weeks. Wait till it's 1GBP to 1$CAn if you want, why should I care. I'm just giving people the heads up.

Ontheboatout

Do you work for Stephane Dion? Look at the link below! Employment up again - what a terrible crisis we are having. More oil and gas reserves found near Sable Island, oh dear, what shall we do with all that money?

http://dissemination.statcan.ca/engl...LFS/lfs-en.htm

deanjp32

most of which were part time!!!!!

mik_n_ash

All markets are interlinked, to say there is no financial storm is incorrect, its just that the repercussions are yet to be fully realised here yet, it took around 16-18 months for it to hit back in the UK, many of the large banks here, CIBC, BMO, RBC etc etc, are all exposed to subprime, a housing correction is heading this way, why would someone buy now (unless its a full amount in cash, made from profit on a house sale in the uk) when you could possibly get alot more for your money in 12 months time?

Now that the US and most of Europe are officially in recession who do you expect to buy Canadian exports? The currency will fluctuate until the truth comes out about the state of the economy, and while you may get more dollars to your pound in the next week or two, the long term trend is only going to be heading down, just like the commodity prices, even short selling will not make a positive change to the markets. People are going to be feeling a whole lot poorer soon, just like the affects we're seeing coming to light in the states and the UK/Europe.

mik_n_ash

This is clearly WAYYYYYYYY above your head. Educate yourself on the real WORLDWIDE economic climate, and just think to yourself how much GLOBAL trade means to ALL countries...