That seems to be the response to my position that rents will drop, and there is never anything to support how they can remain. [more]
I think this guy should be up for a nobel prize in economics. Unlike the insanity and untested garbage that came out of some of the past receipients, this guy is truly the best and I am so glad I read some of his stuff a couple years back. [more]
I still star items I read, and they can be found on my reading list.
Vancouver has far, far more multi-housing developments being built and a house with a yard is simply not a reality for most people there these days. [more]
I have written on this topic before, here is one of my posts on it.
No question those in charge were asleep at the job letting standards go below zero and basically create a world financial crisis...
But anyone following this company knew it was a disaster that should be priced at about negative $1000....
They are supposed to report a large loss tomorrow....
I am thinking about a conversation with my 80 something year old neighbour around 2 years ago. The conversation went something like me commenting that so much of my income went to mortgage that little of it went to stimulating the economy and that I thought the economy would grind to a halt if everyone had spending habits like myself. [more]
Well, here's what I was saying about dividends last summer, going against the rant that dividend companies with solid earnings blab, blab, blab... [more]
I think the Japanese example is more likely the path we are heading. [more]
Hmmm, now where have I seen the argument that those selling to the price the market will bear are responsible for the devaluations in the past???? [more]
One of the things that I have previously said about my look at the markets is I looked at them and developed some sense of valuation and then I essentially went to sleep on them and didn't look for about 20 years. And to wake up and take a look, well, the valuation was shocking to me. [more]
This is a good find, really practical advice for businesses to stay in business pand survive.
Governments could probably do the same...
Big Picture has a post which estimates earning will reach a 83% of peak decline.
That's an exponential graph so it really under states the problem as a picture.
The security costs of the 2010 Olympics in BC next year have a price tag of $1 billion... [more]
Financial Armageddon has a post which is pretty scary in terms of the financial system.
I have said before and I will repeat, I think the bailout is about ensuring that if you go to your bank you can make a withdrawal, plain and simple.
Calculated Risk has a post showing the decline in hotel rates. [more]
Market Ticker is suggesting every last company getting bailouts adjust their pay scales to the same as what government workers get. [more]
Well, I thought it likely there would be a glut of oil supply due to companies increasing output and demand destruction.
There is a glut of oil out there...
MarketBeat has a post that gives the degree of the dividend declines. Although there was a worse month in 2000, the dividend declines have hit a record going back to when records were first started in 1955.
Here's one to strike off the list: dividends always go up....
the high price of rent means that homes are not as over valued. The cost of home ownership is less out of wack relative to rents in other cities, like Calgary, Edmonton, and Toronto.... [more]