Comments on: Party like it’s 2007

By: BOOM

BOOM — Thu, 09 Jul 2009 16:34:39 +0000

Sure, Eduardo… I believe three and a half months ago you were predicting 6-7 gas for the summer.

http://www.greaterfool.ca/2009/03/22/underground-in-edmonton/#comment-23363

http://www.greaterfool.ca/2009/03/22/underground-in-edmonton/#comment-23364

Of course, since you’re such a genius when it comes to natty, we’ll be seeing you at the NGX Stampede party tonight, right? Unlikely.

By: Eduardo

Eduardo — Thu, 09 Jul 2009 04:55:57 +0000

Boom, that was a 6-7 dollar call by the end of the year… it’s July.

By: bill

bill — Thu, 09 Jul 2009 02:35:56 +0000

There are strategic guys who can not afford the market go south. Like in Toronto, new off job contractors just found their gold mine in the old town, flipping old (at first buyer price) to renovated newer houses (into million dollar houses). This cooked themselves. Hope they can come out clean before August.

Last summer and fall’s buyers will come to their closings. This will be a double curse for the metros in the next two months.

By: TJ

TJ — Wed, 08 Jul 2009 22:25:03 +0000

Canada’s housing market has rebounded from an “awful winter” and could be poised to stabilize by the end of the year, one of the nation’s largest real estate firms said Tuesday.

In its market survey forecast, Royal LePage revised its outlook for the national housing market, predicting a two-per-cent decline to an average house price of $297,500 by the end of the year. That’s slightly higher than the $297,000 the company was forecasting in January.

http://tinyurl.com/koj4hd

** Come on.

The job numbers stink. Whole Countries are broke….and la-di-da, no sweat here?

I have it on good authority that buying into a Co-Op here in Vancouver, has seen the interest rates jump to DOUBLE prime.
That has never happened before, in such a short time frame.
What does that tell you?

The U$D is hanging on, if for no other reason that it is the settlement currency on all trade.
CAD, meanwhile is tied to commodities.
If the perception is that the world needs less metals and Oil prices are down – we get killed.
Great for exporters, crappy for you and I if we like to eat Oranges from Florida.

Wake up crew – we have hit an asteroid – and it’s all hands on deck.