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#1
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Canada lost 43,000 jobs in October, which is twice the pro-rated number lost in US. Obviously lots of people in Canada are highly delusional judging by the surging housing market
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#2
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In addition, there is no data to suggest that unemployment is correlated whatsoever with real estate. I would also propose that it would be difficult to believe that the rise in RE values are due to the rabid buying by hordes of the unemployed; so to mention unemployment with regards to 'surging housing market' is just another tool in the fear playbook. Anecdotally, none of our friends have had any problem finding a job.
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Visit my website at http://www.ticonline.com Last edited by Rickson9; 11-09-2009 at 05:18 AM. |
#3
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No debt |
#4
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Lol, nicely put. I seriously did laugh out loud at this post. Thanks for making my mood a lot better.
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#5
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With regards to the OP re: unemployment numbers.
[4:30] The unemployment rate is the most lagging economic indicator and has never peaked during a recession. It has always peaked well after a recession has been over. The historical average is that the unemployment rate peaks 6 months after a recession is long gone. http://tinyurl.com/y8nh69c
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Visit my website at http://www.ticonline.com Last edited by Rickson9; 11-15-2009 at 07:15 AM. |
#6
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Bear with me please |
#7
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With regards to the OP re: unemployment numbers.
[4:30] The unemployment rate is the most lagging economic indicator and has never peaked during a recession. It has always peaked well after a recession has been over. The historical average is that the unemployment rate peaks 6 months after a recession is long gone. http://tinyurl.com/y8nh69c Quote:
"Canada's economy created a stunning 79,000 jobs in November as the private sector finally began hiring again." http://www.theglobeandmail.com/repor...rticle1388321/ "The U.S. unemployment rate unexpectedly fell to 10 per cent in November as employers cut the smallest number of jobs since the recession began. The better-than-expected job figures are a rare note of encouraging news for the labour market." http://www.theglobeandmail.com/repor...rticle1388426/
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Visit my website at http://www.ticonline.com Last edited by Rickson9; 12-08-2009 at 08:36 PM. |
#8
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That sure is a lot. Stuff like this always happens when we start feeling confidential about the end of recession etc.
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