The green shoots of the recovering economy have already been eaten in a bank salad oiled with speculation dressing.
Entering the Greatest Depression in History
- Thread starter darkbeaver
- Start date
While first time home buyers reap the benefits?
I wonder why so many first time home buyers are part of the big capitalist Joow banker killing machine DB...:roll:
And none of them are from Brussels, nor do they say that Canadian housing recovery is being driven by foreign investment as you indicated in your original post.
You fail, but a nice try though.
There is movement in that part of the market to those who meet the criteria,as the article indicates. But it isn't enough to affect the downturn. It won't keep up with the losses. Religious intolerance is forbidden in Canada, you should be ashamed.
You want stats?
Here you go:
Organisation for Economic Co-operation and Development
Have fun reading them. Knock yourself out.
:lol:
Ya the losses are of such a monumental problem, that much of the construction industries are keeping their collective heads above water. Even during the original burst.
Incoherent babbling should be verboten as well. But then you would be able to post much.
Not really. Just waiting to see you concede to your error. I won't hold my breath, you lack the fortitude.
The post to which you supplied this link, was in reference to your assertion that I posted a link to a European news source. This assertion was used by you to bolster you claim and/or insinuation, that all the economic growth in the Canadian housing industry was from foreign investment and financing.
Now you want to discuss stats on the GDP and so on.
Thanx...
From your own link...
Shall I explain what a 'trough' is to you?
Again, you fail. This time it wasn't even a good try though.
How many housing developers depend on foreign financing? Does it even matter given the amount of trickle down construction provides as well as the fact that people are still buying houses?
Most. On the ground though, the domestic market dictates whether or not it is a viable investment. In our case, it is, as the growth and sustained development has proven.
Nope. Which is my point. I'm just trying to get petros to catch on to that.
Even in the 1930's, i don't think the world was in as potentially a catastrophic economic situation as now. At the core of the problem is the dis-assembly and atrophy of the physical capacity of our economy due to Free Trade. Our national economy lacks both the integrity and vitality to sustain our living standard.
The second element is the growth of debt. Debt on debt through credit agglomerates, such as mortgage derivatives, the Credit Swaps, which still has not been dealt with by the bailouts.
They likely amount to $20+ trillion of non performing assets, which haven't been written down as yet. And if the economy continues to deteriorate these could balloon 3 fold or more.
The market valuation of the entire economy is based on cooked books. When that becomes evident to the public, it's already known in the financial world, we could have an unprecedented further collapse of stock prices.
The third element is the monetary agglomerates, near moneys, currency derivatives have exploded, losing all rational relationship with the underlying productive economy. It only exists to facilitate the transfer of these goods and services, or should. It is now supported on a mountain of ephemeral paper, that produces nothing, and only has an arbitrary notional value.
If it does not represent or facilitate real production, we have the potential of going into hyperinflation when these start to deflate, since they represent a claim of many times the world's physical product.
We could be approaching 1 Quadrillion in outstanding Currency Derivatives, 20 times the world's real GDP. Theoretically these represent offsetting claims, but in reality they cannot be wound down in an orderly fashion in a crisis. All are all interlinked with the debt bubble.
Ninety five percent of this or more is related to pure currency speculation, holding entire nations hostage through exchange rate manipulation, impoverishing them and subjecting them to austerity dictates at will. This does not support trade of real goods and services. It is just a big rigged casino.
Without a rational re-organization of the economy, rebuilding of our manufacturing infrastructure, national trusteeship in bankruptcy of the Finance Sector, any of these could wash away the world financial system in blink of an eye.
We are likely to see a series of shocks over the coming months, perhaps a horizon of a couple of years or so, if we have that.. before we are in the grips of a cascading collapse.
The second element is the growth of debt. Debt on debt through credit agglomerates, such as mortgage derivatives, the Credit Swaps, which still has not been dealt with by the bailouts.
They likely amount to $20+ trillion of non performing assets, which haven't been written down as yet. And if the economy continues to deteriorate these could balloon 3 fold or more.
The market valuation of the entire economy is based on cooked books. When that becomes evident to the public, it's already known in the financial world, we could have an unprecedented further collapse of stock prices.
The third element is the monetary agglomerates, near moneys, currency derivatives have exploded, losing all rational relationship with the underlying productive economy. It only exists to facilitate the transfer of these goods and services, or should. It is now supported on a mountain of ephemeral paper, that produces nothing, and only has an arbitrary notional value.
If it does not represent or facilitate real production, we have the potential of going into hyperinflation when these start to deflate, since they represent a claim of many times the world's physical product.
We could be approaching 1 Quadrillion in outstanding Currency Derivatives, 20 times the world's real GDP. Theoretically these represent offsetting claims, but in reality they cannot be wound down in an orderly fashion in a crisis. All are all interlinked with the debt bubble.
Ninety five percent of this or more is related to pure currency speculation, holding entire nations hostage through exchange rate manipulation, impoverishing them and subjecting them to austerity dictates at will. This does not support trade of real goods and services. It is just a big rigged casino.
Without a rational re-organization of the economy, rebuilding of our manufacturing infrastructure, national trusteeship in bankruptcy of the Finance Sector, any of these could wash away the world financial system in blink of an eye.
We are likely to see a series of shocks over the coming months, perhaps a horizon of a couple of years or so, if we have that.. before we are in the grips of a cascading collapse.
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I'm only familiar with the building side, however, I do remember the Mulroney and B&O fiasco in China, so it makes sense. :lol:
You can't read it can you?
Care to explain how domestic investment went from -13.8% and -12.4% to 100% because of a newspaper article?
Care to explain how domestic investment went from -13.8% and -12.4% to 100% because of a newspaper article?
http://www.oecd.org/dataoecd/7/2/20209192.pdf Gross fixed investment. That is the number thats says how much investment in Canada is by Canadians themselves. If at a negative that "statisically" means the finance coming into Canada is all foreign.
If that is an improvement I'd really like to know how, especially if it is coming from the guy who claims to work for Germans?
Actually I can and did. I fail to see how it relates to the actual fact that the housing industry is regaining strength. The construction industry is still in motion.
Slowed, even some complete die offs, of which I can attest to first hand, but still a functioning and viable investment.
Sure, if I knew what you were talking about. I tried to find where I said anything resembling that.
I can however find a couple posts alluding to -100%, or something to that affect, posted by the doomsdayers.
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It's a good thing you applied quotations to the word statistically.
Not to mention investment of foreign capital isn't a bad thing. It's in the selling of financial contracts to foreign institutions that you find danger.
Here in Canada, that is a foreign practice. We have safe guards, laws and regulations that will not allow our financial institutions to out loan their own ability to cover.
First off, I never said it wasn't important. You want to argue minutia, you do this constantly on many topics, have at it, I'll ignore it.
The stats say the housing industry is growing. Even a site you provided says we've trough'd. I work for ThyssenKrupp, a German company. You asked if I though I worked for Canadians, I answered.
If all this is to confusing for you, a nap might be in order.
Compare new construction to demolition or abandonment. Is this local building or nationwide in all regions in all provinces? It does matter where the money is coming from and where it goes after the job is done.
IF 86% foreign ownership of the GDP (OECD stats) is putting money and wealth in YOUR pocket please explain how.
Do you own your house? Who owns/owned the mortgage certificate?
If you say your local bank I'm going to laugh at you.