Canadian Economy Booming

[Rickson9]

"The Canadian economy strung together back-to-back months of growth for the first time in almost two years"

http://www.financialpost.com/news-se...tml?id=2375402

[BankAdmin]

And big surprise it's all real estate based . I give it a few more months at most, maybe less.

[Elli Davis]

Thanks a lot for the article. I cannot believe I haven't read it before.

[trent]

Rickson, did you even bother to read the title? "Stimulus and housing give economy one-two punch". Stimulus (gross misallocation of capital bound to cause another bubble) and Housing (huge real estate bubble bound to deflate viciously any moment now). Yeah, this is one booming and prosperous economy for sure .

[Rickson9]

Originally Posted by trent

Rickson, did you even bother to read the title? "Stimulus and housing give economy one-two punch". Stimulus (gross misallocation of capital bound to cause another bubble) and Housing (huge real estate bubble bound to deflate viciously any moment now). Yeah, this is one booming and prosperous economy for sure .

Critics have been saying the same things about stumulus and housing in Canada for a few years now...? No sign of the financial armageddon that they're talking about...