Paradoxium's Financial 'Tao of Fail' Extravaganza!

[Paradoxium]

*As in put down a rough time frame of a housing bubble burst in a post later on.

 

[Paradoxium]

A housing decline in Canada could happen, but on a much smaller scale than the US. I shudder when I think of the zero down mortgages that Scotiabank and other banks were offering less than 3 years ago. It will take some time for these birds to come home to roost, and it won't be pretty when they do (our central rates are going to rise this year, and likely into next). A "crash" is too dramatic a word to use, even for Vancouver and Calgary, but it's not out of the question that something bad is going to happen in the next couple of years.

If there is a bubble, it's going to be because of the Energy sector. A lot of things have to transpire globally for this to happen (Middle East tensions ease off, albeit slightly, Russia gets its act together and further develops its energy sector and China's overinflated growth finally pops) but when it does, it will be ugly for this country.

If I had more money, I'd be putting a fair bit away into unhedged U.S. bonds and blue-chip stocks, but unfortunately I don't.

It wouldn't be out of the question it will head towards a downtown and not a full blown burst. Either way, it's a fantastic way to make like bandits by shorting Canada in general be it the Loonie or Banks. Heheheh t:

 

[The Overlord]

*As in put down a rough time frame of a housing bubble burst in a post later on.

So if it doesn't happen when you say or doesn't happen in say a year, what does that mean?

And there is a absolute consensus that the Canadian economy is collapse?

http://www.theglobeandmail.com/repo...sts-expect-strong-january-gdp/article1517784/

http://www.thestar.com/business/article/773283--canadian-economy-makes-surprisingly-strong-gains

Is there some reasons why the indicators in that report are irrelevant? Also does Canada have a higher or lower debt then most other Western nations? Alberta only took on debt recently in response to the US collapse which can effect economy that is completely interrelated to the US.

I question how you can say its a certainty that the Canadian economy. This seems more like theory then fact.

I would like to know, is there any country, anywhere, that you think has a good economy?

 

[Paradoxium]

If I am wrong I lose money shorting. Seems pretty fair to me.

And GDP is an incredibly fallacious measure of the economy.

 

[Pink Ranger]

Ontario is actually technically a have-not province now, as we receive net equalization payments. Saskatchewan is actually now one of the wealthier provinces, and even Newfoundland is now at or close to "have" status, last time I checked.

That said, Canada's equalization system, though with some flaws, is pretty good macro policy for the country. Throughout Canada's modern economic history, there's been 1 or 2 provinces at any given time that have run countercyclical to the others, and coupled with equalization formulas, has enabled us to weather recessions pretty damn well.

It's too bad such a policy would be impossible in the USA, as it might help some of your states out of their seemingly permanent economic depressions.

 

[ChrisBaleBatman]

McGuinty reminds me of everything I hate about Liberals. But I just can't vote for Tim Hudak either, no matter what.

Next election, I'm likely going to throw my vote away on the Green Party.

lol...nice.

 

[Paradoxium]

Is Canada’s housing bubble about to burst?

Canadians are spending more and more of their disposable income on housing. In Toronto, 44% of disposable income goes to housing and in Vancouver the figure is a whopping 68%. The trend is likely not sustainable.

The federal government imposed tighter mortgage restrictions months ago specifically to avoid causing a housing bubble. That might have helped, but keeping interest rates at historic lows for so long has flooded the market with buyers anyway. The Bank of Canada is expected to raise interest rates on June 1st, which should do something to reduce buyer demand in the housing market.

But whether that will facilitate the expected drop in average home prices while avoiding a steep decline in the short term, still remains to be seen.

Sweet t:

 

[Paradoxium]

Arizona Spends $1.25M to Save 250 Squirrels
Rope Bridges Expected to Save Five Squirrels a Year From Being Road Kill

The Federal Highway Administration grant will be used to build rope bridges over the lone road through the squirrels' habitat, according to Arizona Department of Transportation Community Relations Director Timothy Tait. The DOT plans to install 41 of the "canopy tunnel crossings" at a cost of $400,000.

Another $160,000 will be spent on cameras to monitor the bridges, and the rest of the money will fund a project to monitor the rodents.

That works out to about $5,000 per squirrel.

yaaaaaaarrrrrghhhhhhhHHHHHHH

 

[hippie_hunter]

Ummmmm....why?

 

[StorminNorman]

Dude. Squirrels are important!

 

[Morg]

Ummmmm....why?

Because they are cute?

 

[Superman]

This is stupid but it does give me a good reason to post this...

Come on, Someone had to. t:

 

[hippie_hunter]

This is stupid but it does give me a good reason to post this...

Come on, Someone had to. t:

Squirrelpool can kick Supersquirrel's ass

 

[Franklin Richards]

 

[chaseter]

I could do the same thing they want for one million. Why didn't I get the job? Arizona, hire me! I can buy rope and connect it to trees across the road.

 

[hippie_hunter]

Not fair dude. No one can beat Squirrel Girl.

 

[Spidey-Bat]

How does it cost $400,000 to install rope?

Why do the bridges need to be monitored? The smart ones will use them. The dumb ones may not. If they don't, they may be run over and thus be prevented from breeding more dumb squirrels.

Why do the rodents need to be monitored?

 

[Bathead]

Even for me, (as an ex-hippie) this is too much.

 

[Carcharodon]

It's not the project or the effort that bothers me (these squirrels are endangered, a word conspicuously omitted from Dox's post....), it's the cost. This shouldn't be quite so expensive.

 

[Spidey-Bat]

It's not the project or the effort that bothers me (these squirrels are endangered, a word conspicuously omitted from Dox's post....), it's the cost. This shouldn't be quite so expensive.

Cars are killing only 5 a year. Cars aren't the reason these squirrels are endangered.

 

[StorminNorman]

I have never seen animal conservation as a valid use of government funds.

 

[Paradoxium]

They are welcome to mortgage their employee's/volunteer's houses to fund this operation. Kind of like the small business owners who do the same thing.

 

[Carcharodon]

Cars are killing only 5 a year. Cars aren't the reason these squirrels are endangered.

I was going to respond to this post, but I'm not sure I can do so without insulting your intelligence. So I'm going to let it go. I'll just say that your argument is asinine and leave it at that.

I have never seen animal conservation as a valid use of government funds.

I'm not sure how much I agree/disagree with this to be honest.

 

[Paradoxium]

Remember there is no guarantee the squirrels will actually use the bridge. So not only are you blowing 1.25 million, you don't achieve your desired outcome.

That's why the pushers or advocates of this, should mortgage their homes for it. Put their money where their mouths are.

 

[Carcharodon]

Remember there is no guarantee the squirrels will actually use the bridge. So not only are you blowing 1.25 million, you don't achieve your desired outcome.

You're right about that. Seems like an awfully large expenditure for such a shaky plan.