With all this talk of economic crisis, some are losing sight of the fact that these cycles happen again and again. In an interesting article The links between now and 1958 Jacqueline Thorpe from the financial post puts things into perspective. She writes… “In these times of economic ‘crisis’ it bears keeping in mind how [...]
Archive for December 2008
Just Another Boom & Bust
Bank of Canada Slashes Rates Significantly
The Globe and Mail has a great article by Heather Scofield about the recent slash to the interest rates… to 1958 levels. She writes… “The Bank of Canada has joined the global campaign to prevent a broad recession from spiralling into an economic disaster, cutting interest rates to a 50-year low and dropping its focus [...]
Making Sense of Today’s Housing Market
Came across this interesting article in the Vancouver Sun by Dave Watt, shedding some light onto the differences between the local market and the larger scale US market collapse. The article closes with the following excerpt… “While the current rate of foreclosures in the U.S. is nearly five per cent, only 0.28 per cent of [...]
davebrownrealtor