if you listen Greenspan
he said he will fight the last battle in his life
TO RISE THE RATE UNTIL THE BUBBLE BURST.
However, the real estate market of Ottawa is still a mystery to me. We have seen a slide of 40 percent of building new homes in July. I guess Aug and Sept are critical. City of Orleans just announced to build a 3000 homes community. Let's wait and see how it works out
I think the central bank of Canada just do not have a plan at all. They just do not dare to hurt constructin industry. But do they realize that it will hurt the entire economy for the sake of one industry. they got to rise the rate sharply.
Finally, the quick recovery of economy from the internet burst was largle fuel by debt and maybe this is why the central bank won't rise the rate quickly because it has an huge risk to let the country slide into another recession.
lucky enought, canada has one of the most precious weapon to fight recession but no mainstream willing to put it on the paper: IMMIGRATION. that is the true reason why the economy of Canada is one of the healthest in all developed country
he said he will fight the last battle in his life
TO RISE THE RATE UNTIL THE BUBBLE BURST.
However, the real estate market of Ottawa is still a mystery to me. We have seen a slide of 40 percent of building new homes in July. I guess Aug and Sept are critical. City of Orleans just announced to build a 3000 homes community. Let's wait and see how it works out
I think the central bank of Canada just do not have a plan at all. They just do not dare to hurt constructin industry. But do they realize that it will hurt the entire economy for the sake of one industry. they got to rise the rate sharply.
Finally, the quick recovery of economy from the internet burst was largle fuel by debt and maybe this is why the central bank won't rise the rate quickly because it has an huge risk to let the country slide into another recession.
lucky enought, canada has one of the most precious weapon to fight recession but no mainstream willing to put it on the paper: IMMIGRATION. that is the true reason why the economy of Canada is one of the healthest in all developed country
