Comments on the G&M website

From the G&M comments

FSA LDU from Canada writes:

Adil, a link to your own blog, spouting about the housing downturn is hardly concrete evidence of the same. I think I'll take the analysis of CREA, the BoC and several major economists over the 'dabbling in financial markets' of a renter.

I dabble in the financial markets too, every time I put my ATM card in a bank machine and take out 20 bucks for lunch and a train ticket home. That gives me as much credence to predict the future of housing prices as you.

As for the job market - great to see our economy still moving forward, albeit slowly, despite the global turmoil in the financials, commodities and jobs. Here's Harper gets his majority and we can enjoy four more years of smart economic planning by our federal government, as opposed to four years of economic hell if the Green Shift ever happens.

I thought I would address his many comments:

Go ahead and trust the CREA, BoC and Big Bank analysts! I think they'll lose you money but that's why we have markets. Notice that I didn't say "free" markets, as the manipulation by the US government with all its new facilities, Bear Stearns bailout, Fed cuts and short selling rule changes have discredited that idea.

As for my credentials, I am comfortable that they are sound enough to work for CREA, BoC etc.., I have a professional designation, many years of experience with financial institutions and I have been a markets junkie for 17 years. I am a renter by choice as I believe that housing is overpriced and I will buy when prices are lower, much lower.

I "dabble" in that I am not a full-time trader and I have a day job as a freelance consultant, but I manage my own portfolio and I am up in the bear market.

The gist of FSA LDU's comments are that I am not credible because I don't work for a big institution. That's fine by me. I'll let you the reader be the judge of that, but I have made many predictions on this blog and most of them seem to be coming to fruition. I do plan to change the profile description (thanks to FSA) as it does sound a little hokey.