Comments on: Trust

By: jacka55

jacka55 — Wed, 28 Jan 2009 03:23:49 +0000

#110:

If I read your post out loud, one thing becomes clear: you are a moron.

By: Just a Girl

Just a Girl — Tue, 27 Jan 2009 22:42:23 +0000

#99 TS – great post! Good common sense insights. The smart folks will be the early adapters, both in housing ‘vision’ and lifestyle behaviours. The ones with their heads in the sand will be in for a rude awakening I’m afraid. Living an energy efficient lifestyle will not be an option in future … for individuals, businesses, or governments. The New World of Energy is coming, and it is going to require a huge shift in thinking, and change in personal priorities. Consumption management is the next big fossil fuel :)

By: Straw Bale Home Builder

Straw Bale Home Builder — Tue, 27 Jan 2009 16:28:56 +0000

Chances of sustained deflation hitting Canadian economy are remote: Carney

By The Canadian Press

HALIFAX, N.S. – The governor of the Bank of Canada says there’s only a remote possibility sustained deflation will take hold of the Canadian economy.

Mark Carney, speaking today to a business audience in Halifax, says he expects inflation to be below zero for the second and third quarters of this year before returning to two per cent in 2011. He says there’s nothing to be worried about if this deflationary trend holds for a brief time.

But Carney says greater risks arise from a sustained fall in prices – something that happened in Japan the 1990s, which he described as a decade of “missed economic opportunity.”

With the Consumer Price Index recently dropping below zero in the United States, Carney says concerns about deflation have increased.

Still, Carney says the possibility that sustained deflation could hit Canada remains remote because the country’s economy remains resilient with a strong banking system, flexible labour and capital markets, and an independent monetary policy.
————

How can we trust this?

There’s no way our banking system can be “strong” unless it is completely cut off from the global economy – but it’s not.

“Flexible labour and capital markets” – what does this mean? Can anyone enlighten me? He’s obviously speaking but he’s not saying anything.

“independant monetary policy” – give me a break… we live in a global economy and anyone who tries to be “independent” is a fool. Self-reliance is good but independence is impossible unless you can accept a third world standard of living.

By: Andrew toronto

Andrew toronto — Tue, 27 Jan 2009 15:48:42 +0000

Analysts: Bank bailout … try trillions
Analysts say the cost of bailing out U.S. banks could reach several trillion dollars if the government moves to relieve banks of toxic assets.

“The amount of working capital you’d expect the government to take into this would be around $3 trillion to $4 trillion,” said Simon Johnson, a senior fellow at the Peterson Institute for International Economics, Fortune reported Tuesday.

Johnson, a former chief economist at the International Monetary Fund, said the first round of bailout funds — roughly half the $700 billion financial rescue package passed in October — has left banks without enough of a cushion and that toxic assets are still weighing them down.

Paul Miller at FBR Capital estimated the bailout would cost at least $1 trillion for the nation’s eight largest banks alone.

U.S. banks are still struggling. The KBW Bank Index has fallen 35 percent this month after dropping 50 percent in 2008.

“The big banks are a hope trade right now,” Johnson said