I just bought back my home - That $80 oil possiblity
Canada has an election next week and with today's news there is nothing that can sway me to give this current government my vote.
Looks like Canada is throwing an additional $25 billion of our tax dollars to prop up housing by buying insured mortgages, so whether I like it or not, as a tax payer I have become the owner of the mortgage on the home I sold in January.
Finance Minister Jim Flaherty is an idiot. Sure Canadians aren't going to lose anything from this deal. Canadians worked so hard to bring out debt down and it looks like the morons in office have set us on a course to undo 10-20 years of hard work. I have defended Canada and that the strength of our dollar doesn't not represent our true strength, but these idiots have me re-evaluating my beliefs.
Back in July I did a post titled Oil $110 or $150 first. I quote:
"Given that when oil was $100 I thought it would dip back to around $80... Well, I am still not convinced we won't see oil do a dip below $100, but it is certainly harder to see that $80 possiblity... "
I can see clearly now...
Oil $80.22 as of this writing.