Good morning, Steve. Your graph showing G7 housing prices tells all: under dear Mr. Carney’s leadership at the Bank of Canada, our housing prices surged out of control. It’s Mr. Carney who is responsible for the housing crisis. No one else.
The tragedy is two fold: he should have been fired, but wasn’t as the politicians’s home prices were increasing. And second, Carney’s proven good judgment is now guiding Canada.
The data clearly indicates canada is an economic death spiral. Hire more govt employees to maintain the illusion of a stable employment statistic. Worst GDP / capita amongst OECD countries. You simply cannot borrow your way out of debt.
And real estate is essentially valuated against what it costs to build new yet inflation still lingers and new build costs continue to rise. What's going to break first?
Good morning, Steve. Your graph showing G7 housing prices tells all: under dear Mr. Carney’s leadership at the Bank of Canada, our housing prices surged out of control. It’s Mr. Carney who is responsible for the housing crisis. No one else.
The tragedy is two fold: he should have been fired, but wasn’t as the politicians’s home prices were increasing. And second, Carney’s proven good judgment is now guiding Canada.
The data clearly indicates canada is an economic death spiral. Hire more govt employees to maintain the illusion of a stable employment statistic. Worst GDP / capita amongst OECD countries. You simply cannot borrow your way out of debt.
GDP had not been good but we have managed our debt far better than the US. You have to look at the numbers from all directions.
The 18.66 year cycle should turn this year.
Complacency is pervasive in a market which has consistently rewarded those living in denial.
And real estate is essentially valuated against what it costs to build new yet inflation still lingers and new build costs continue to rise. What's going to break first?