Dude's been dropping some major coin on RE in Aspen.
http://www.denverpost.com/breakingne...-aspen-ranches
http://www.businessinsider.com/house...ch-2010-7?op=1
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Dude's been dropping some major coin on RE in Aspen.
http://www.denverpost.com/breakingne...-aspen-ranches
http://www.businessinsider.com/house...ch-2010-7?op=1
Can't go wrong with Aspen RE. Better than gold.
http://www2.macleans.ca/2013/04/02/business-2/
Macleans magazine is telling us America is back and Canada is floundering
a looming very possible housing crisis and very high consumer debt up there
A round of Canadian QE and maybe the loonie goes back to 80. CAD/USD has already fallen 7%. Time to plan a BC ski trip!Quote:
Originally Posted by XXX-er
I remember back in 2000 or '01 I bought a burger, a beer and a snickers at Whitewater with a US $20 and got like $23 CDN back in change. That was cool.
not sure printing money is on the cards just yet, real estate will never crash like it did in the US, mortgage conditions were never as lax. Virtually all these articles on RE are influenced or written in reference to the Toronto & Vancouver condo markets.
But yes, falling CAD will likely mean more business from tourists.
The comments are the best. Pretty sure most are related to Benny. ;)Quote:
Originally Posted by XXX-er
the vancover/toro/montreal markets are a huge chunk of the RE $ figure, vancover is especialy crazy and due for correction sure its only one city in BC but the dollar amount for an RE correction would be > the rest of the province put together
a 65cent dollar would be very good for canuckian mfg and the BC hut industry in BC however on the other side of the loonie it makes travel south prohibitive I sure wouldn't be down here spending money like a drunken ski bum on the visa card at a 65cent dollar ... I would go back to cuba
On a much smaller money issue in canada we no longer bother with the penny cuz the gov has quit making them so businesses just round up/down, if spend cash up there ... you won't get yer pennys
Yes, could be a trusted cousin: "Pop a few amphetamines, and you'll feel as good as the US economy feels, for awhile anyways."Quote:
Originally Posted by Pow4Brains
It's pretty simple. Ben aimed a fire hose at the credit markets, and the administration is focusing intently on housing to make things better (also by not prosecuting the bankers or really going after Wall Street). It's working, at the moment, but, you really have to not drink the kool aid that it's somehow organic and cyclical and will just go on and on, barely making waves. Nope. Don't fall for that one, because then you'll just be standing there jacked on the side of the road stripped down to you dirty underwear in a few years as you watch your nice ride and all your stuff that was just stolen from you driving off in the distance, with a barely audible, "So Long, you fucking Muppet. hhheeeeeeehhhhheeeeeehehehe.........." Bottom line, people are making even less money than they made before '08 and borrowing more. How do you think that's going to end, if houses get even more expensive? What, you have to get bit like three times in the ass to get the fucking point? Muppet.
That said, I am long equities and solid corporate bonds. I'm a muppet, too, but, I'm not going into debt for the pleasure.
CAD/US at par doesn't make sense in the long run. The US is more productive. CAD being so strong is linked to us being basically a petrodollar and resource economy. Commodities/resources are probably heading to bust end of the boom/bust cycle if they haven't already
i think i agree with this. probably more $ to be made shorting.Quote:
Originally Posted by LeeLau
Personal milestone achieved - hit 100k in the 401k. Kinda crazy. I also have a pension plan I'm already partially vested in.
That was one of my favorites too.Quote:
Originally Posted by Benny Profane
Sent from my SCH-I535 using TGR Forums
Altuchar is out. It's a suckers game:
People have called me a "perma-bull" forever. Mish Shedlock called me a "wacko". Zerohedge has called me insane. Nouriel Roubini has laughed in my face. My daughters still quote Don Luskin when he was on CNBC shaking his head and saying, "James, James, James..." while laughing after I said the market was going to hit new highs.
Well, the market has hit new highs. That's ok for those guys. I'm sure they all do well on their newsletters. I have no newsletter. I only invest with my own money. I live and die in the markets and I don't depend on anyone else.
Is there a reason to change my mind? Not really. Eventually, the market will be higher than it is now.
But for the first time in a long time, I'm not a super bull on the overall market (although I like certain smaller stocks, see below).
http://seekingalpha.com/article/1384...t-stocks-i-own
That man is a neurotic mess.
Altuchar- long on otc.
'nuff said
ok maybe this.
https://www.youtube.com/watch?v=w-NshzYK9y0
I've also been following this blog
http://myownmarketnarrative.blogspot.ca/
It's because he trades with real money instead of intellectual currency.Quote:
Originally Posted by Benny Profane
No, read his blog. He's an unfunny Woody Allen whining constantly.Quote:
Originally Posted by 4matic
I read Altuchar all the time. I like his style. But then you like Roubini and Taibbi...very intellectual.Quote:
Originally Posted by Benny Profane
Are you being ironic?Quote:
Originally Posted by 4matic
No need to be greedy. An 80 cent CDN dollar would be just fine and would get me back into going to Montreal. And hopefully it would not kill the stream of tourists south into VT the way a 65 cent CDN dollar would. Either way it seems I ride every other chair at Jay Peak with someone from Quebecistan. NTTAWWT.
Nikkei up 500 points. Almost 4%. Just a stunning move higher.
Guess Altuchar missed that one.
It's about a 50/50 split, from what the folks in guest services told me on my last trip there.Quote:
Originally Posted by riser3
early 2000s xchange rates quite favorable, and I did all my outdoor gear shopping in vancouver. Those were the days...Don't know why I never splurged on a heli trip. Dumb.