tag:blogger.com,1999:blog-6436290627248034888.post4035777625860710298..comments2023-06-22T04:45:54.673-04:00Comments on The Great Recession (2008-2010): UNBELIEVABLE WEEKAdil Burneyhttp://www.blogger.com/profile/15716540441921591613noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-6436290627248034888.post-47150218573843104692008-09-18T23:03:00.000-04:002008-09-18T23:03:00.000-04:00"I was being sarcastic (trying to sound like CREA)..."I was being sarcastic (trying to sound like CREA) with the bullish housing spin"<BR/><BR/>Good, because I was about to call you delusional...hehAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6436290627248034888.post-48275827774783509622008-09-18T21:21:00.000-04:002008-09-18T21:21:00.000-04:00Thank you everyone for the nice comments! Please k...Thank you everyone for the nice comments! Please keep posting as I appreciate all comments and it gives me insights for future posts. <BR/><BR/>My calls have been quite good recently but I must warn that this is unlikely to continue. I will also try to address that in a separate post.<BR/><BR/>Matt's question is an excellent one and I will try to answer that (as best I can) in a future post,as that is a tough question.<BR/><BR/>I was being sarcastic (trying to sound like CREA) with the bullish housing spin. That's why I put the part about "global deflation in all asset classes" to make it clear that I was sarcastic. Hope this clears that up.<BR/><BR/>My views haven't changed and I will provide a long term view on housing (updating "Chain of Events" that I wrote in April). <BR/><BR/>One day I will be bullish on housing but it is likely to take a few years.Adil Burneyhttps://www.blogger.com/profile/15716540441921591613noreply@blogger.comtag:blogger.com,1999:blog-6436290627248034888.post-22357230015701145482008-09-18T20:09:00.000-04:002008-09-18T20:09:00.000-04:00I am pretty sure that Adil is being sarcastic with...I am pretty sure that Adil is being sarcastic with this comment:<BR/><BR/> 'Canadian housing will continue to grow at 5%+ a year and thus, housing is a great investment at these prices....'<BR/><BR/>Don't let me down Adil! Keep up the great work.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6436290627248034888.post-74632574546638746222008-09-18T10:16:00.000-04:002008-09-18T10:16:00.000-04:00Is my sarcasm detector broken?The good news is tha...Is my sarcasm detector broken?<BR/><BR/><I>The good news is that finally the financial markets are beginning to get it and eventually we will set the stage for a sustainable and healthy economic boom (unlike the most recent 2003-2007 one).<BR/><BR/>The other good news is that despite global deflation in all asset classes, Canadian housing will continue to grow at 5%+ a year and thus, housing is a great investment at these prices...</I>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6436290627248034888.post-16749818414928869262008-09-18T09:05:00.000-04:002008-09-18T09:05:00.000-04:00Likewise, I enjoy your blog - insightful and bang ...Likewise, I enjoy your blog - insightful and bang on. Like the comments too.<BR/><BR/>One question: is Adil now bullish on housing? Here's the quote: Canadian housing will continue to grow at 5%+ a year and thus, housing is a great investment at these prices...<BR/><BR/>Can someone please give me their thoughts . . .Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6436290627248034888.post-75812004542023018892008-09-18T00:50:00.000-04:002008-09-18T00:50:00.000-04:00Always enjoy your posts, your predictions have bee...Always enjoy your posts, your predictions have been bang on thus far. So I'm curious, what would you recommend for my current situation?<BR/><BR/>I have $50K in a BMO monthly income fund, which is basically ~55% bonds and the rest in Canadian Equities, with 5 of the top 10 holdings in Canadian Financials (mentioning that part makes me wince.) The money is dedicated to a downpayment on my first property, something I have been staying FAR away from since I started looking in 2006 - at least I feel I made one wise decision. Fortunately I'm not being pummeled like some of the other funds - today dropped ~1.3%. I'm not expecting to purchase property for at least one year, and most likely two. Regardless, my current instincts are telling me to stick it out and NOT PANIC. But logic is telling me to swing by the bank with a large sack.<BR/><BR/>I'm not a savvy investor by any means, but I am getting into it now and learning the ropes. But right now I'm hoping to make a wise decision before I get knocked out.<BR/><BR/>Cheers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6436290627248034888.post-70968927158626930512008-09-18T00:42:00.000-04:002008-09-18T00:42:00.000-04:00Love the new look!I've been a "lurker" on this sit...Love the new look!<BR/><BR/>I've been a "lurker" on this site for quite while, but this is my first post. Just wanted to thank you for the information you share and the time you spend maintaining this site. <BR/><BR/>You do valuable work, and I hope you're aware of how valuable it is. <BR/><BR/>Please keep it up!Anonymousnoreply@blogger.com