Comments on: What problem?

By: Genghis

Genghis — Wed, 03 Mar 2010 17:12:20 +0000

The pound is down and long term rates up in the UK. Some hard choices coming up (after the May election).

http://www.nytimes.com/2010/03/03/business/global/03pound.html?ref=business

According to the analysis, this is another potential sovereign debt time-bomb. If it goes off the impact has the potential of being much, much larger than current problems with Greece.

By: Tony

Tony — Wed, 03 Mar 2010 08:31:10 +0000

Huh?

Bonds and gics and still the place to be as you’ll see. A deflationary collapse is the only thing i can see taking down all commodity prices with it. Get completely out of stocks and short them. The lone exceptions may be some US R.E.I.T’s.

By: Nostradamus jr.

Nostradamus jr. — Wed, 03 Mar 2010 05:23:52 +0000

Ottawa raising % rates will

…Kill whats left of Ontario’s Export Manufacturing Economy.

…Increase unemployment in Ontario and the rest of Canada.

…Allows Garth to write another book titled, “See I Told You So”.

The HST will

…Limit “new home” construction

…but will increase overall tax revenue

…will increase Home Resales and the Home Renovation industry.

…will increase jobs in the Home RE reno/upgrading industry.

Nostradamus jr.

By: The Original Dave

The Original Dave — Wed, 03 Mar 2010 03:45:53 +0000

Of course they will rise this year. There is no doubt. — Garth
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G man or anyone else, if Greece, or Portugal, or Italy defaults and this clobbers stock markets around the world again, people will scurry back into bonds and safe havens. If this is the case, how is it that rates will go up? There was some nervousness in early February in regards to Greece – this still lingers. We’re not out of the woods yet. I’m not sure how people are certain rates will go up with any significance considering the shaky global economy. None the less, even if rates stay the same, real estate prices will be coming down. People cannot finance these debts they’ve incurred.

By: The Original Dave

The Original Dave — Wed, 03 Mar 2010 03:29:43 +0000

Lastly, comparing a RE purchase in Canada to Argentina while underscoring the differences in standards of living, crime and services, is not comparing oranges to oranges. Argentina has a lot to offer, but it ain’t Canada.
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actually, I mention Argentina because there are 3 different high profile people/sources in the past year that have stated Argentina is the best place in the world to live. There are specific towns named with wineries, wonderful climate, very little crime, and the best cost of living people could ask for. Doug Casey, was one of the people that mentioned Argentina and he’s visited over 200 countries in his life. He too agrees. He is the one who brought the mortgages to my attention. Mr. Casey has served me right in the past and I have no problem gobbling up his opinion.