Sorry, please remind me again how we are in a “free market” environment when a tax payer funded organization shoulders all the risk for the lenders via mandatory mortgage insurance. Remove the CHMC and let the banks handle the risk of default… that’s a free market.
Well said Steve. Twenty years of depraved behaviour of central banks around the world created asset values far in excess of the owner’s income. Sadly, the average Canadian has insufficient knowledge to understand the cause of the current market.
If the deflation adjustment were a Canadian only phenomenon, there’d be minimal impact. However most central banks around the world, directed by their asset rich masters, assumed they could get something for nothing. No one knows the future, but for sure it will be an interesting ride.
Keep up the good work Steve. Canadians need to understand what is really going on. And who is really controlling world financial markets.
Sorry, please remind me again how we are in a “free market” environment when a tax payer funded organization shoulders all the risk for the lenders via mandatory mortgage insurance. Remove the CHMC and let the banks handle the risk of default… that’s a free market.
Well said Steve. Twenty years of depraved behaviour of central banks around the world created asset values far in excess of the owner’s income. Sadly, the average Canadian has insufficient knowledge to understand the cause of the current market.
If the deflation adjustment were a Canadian only phenomenon, there’d be minimal impact. However most central banks around the world, directed by their asset rich masters, assumed they could get something for nothing. No one knows the future, but for sure it will be an interesting ride.
Keep up the good work Steve. Canadians need to understand what is really going on. And who is really controlling world financial markets.