Brian Ripley in particular is worth watching, since he talks about the Vancouver market. "The banks have started pricing in the risk that the Government doesn't want to."
http://watch.bnn.ca/headline/july-2009/headline-july-20-2009/#clip195520
Sovereign Debt –A Crisis With No Easy Fix
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In this issue: Over the past two decades, the leading industrialized
economies of the G7 have undergone a profound structural change to their
national ba...
6 days ago
A drop to early 2000 levels!
ReplyDeleteThe TD economist wouldn't say much about BC and Alberta, often going out of his way to exclude them from his statements.
ReplyDeleteI do take issue with his comment that when we experience volatility like in the past spring, it's a sign that markets are working. I think when 5 year rates are making the market on a capital asset whose operating life 10 times longer than that, it's a sign markets are not fundamentally sound.
Great find, fish10.
Was it just me, or did Gautier seem somewhat apprehensive, almost lying, when he stated, more than once; "prices will not swing back TOO much." or "prices won't drop, too much, in my opinion."
ReplyDeleteThanks for the link! That's a great find!
ReplyDelete