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-   -   Financial crisis is over? (https://www.revscene.net/forums/583540-financial-crisis-over.html)

asian_XL 07-22-2009 11:37 PM

Financial crisis is over?
 
it looks like the bull market and inflation are back? but the unemployed rate
isn't bouncing back at all...is there any possibility another crisis coming?

and look at the indices all over the world...it has gone back up to pre-Lehman
brother level. :eek:

impactX 07-23-2009 12:18 AM

It doesn't make sense because we are only a part of Hyde's imagination.

!SG 07-23-2009 12:33 AM

unemployement takes time to rebound. i remember reading about it in economy... its quick to react when a crisis hits, but slow to rebound when the crisis is over.

trip 07-23-2009 01:21 AM

wouldnt bet on it, wait till this fall and see what takes place.

Death2Theft 07-23-2009 07:44 AM

Well the reason things are going up is because analyst have lowered expections on every company reporting earnings, coupled with the fact that the earnings are all being beat with more profit/income... but at the expense of layoffs and job cuts. So yes while companies can save/make money by chopping alot of workers, think that trick will still work in q3? Can they can keep doing or is it just a way of putting lipstick on a pig.

hotjoint 07-23-2009 07:48 AM

it aint over, nowhere near being over

Mr.HappySilp 07-23-2009 07:53 AM

I see the economy going down more.

wouwou 07-23-2009 08:18 AM

My portfolio said its over 2 months ago

It's actually saying the economy has rebounded

shenmecar 07-23-2009 08:41 AM

Ill say its over when $1 CAD = $1 USD =)

wouwou 07-23-2009 08:58 AM

Quote:

Originally Posted by shenmecar (Post 6518968)
Ill say its over when $1 CAD = $1 USD =)

if CAD is at par, it IS OVER for Canada's rebound

Chuck Norris 07-23-2009 09:03 AM

Thanks for the report. Now that just about everyone feels that things are going up I'm going to short the shit out of the market.

van_driver 07-23-2009 12:15 PM

Quote:

Originally Posted by trip (Post 6518771)
wouldnt bet on it, wait till this fall and see what takes place.

I remember back in December/January people were saying they think the economy will be going back up in March. I'd say we're still in a recession.

q0192837465 07-23-2009 12:47 PM

the stock market nowadays is SO detached from the economy. Just cuz all the Index are going up, doesnt mean everything is good for everyone.

Durrann1984 07-23-2009 12:53 PM

yeah look at the unemployment rate

lots of ppl are jobless...a lot of ppl are still in a financial crisis

taylor192 07-23-2009 12:58 PM

Biggest thing most people are missing is: China's GDP is beating forecasts. China has been the catalyst to the global economy for the better part of a decade, and continues to be.

Most unemployment has been in manufacturing, services has actually added jobs since the recession started. Yet do we all want to work at Walmart selling cheap crap made in other countries?

50% of new mortgages AND renewals in Canada are 35yr amortizations (my broker says its probably closer to 80%). Housing has only recovered cause of very low rates, and longer amortizations making houses cheap enough for more people to stretch themselves into. What happens in 5 years when the rates correct to historical averages, 2-4% higher? We get a US style meltdown.

you 07-23-2009 02:00 PM

nah dont think its gonna get better anytime soon...

PiuYi 07-23-2009 02:14 PM

rebounding economy = higher gas prices :(

iEatClams 07-23-2009 05:08 PM

Quote:

Originally Posted by taylor192 (Post 6519280)
Biggest thing most people are missing is: China's GDP is beating forecasts. China has been the catalyst to the global economy for the better part of a decade, and continues to be.

Most unemployment has been in manufacturing, services has actually added jobs since the recession started. Yet do we all want to work at Walmart selling cheap crap made in other countries?

50% of new mortgages AND renewals in Canada are 35yr amortizations (my broker says its probably closer to 80%). Housing has only recovered cause of very low rates, and longer amortizations making houses cheap enough for more people to stretch themselves into. What happens in 5 years when the rates correct to historical averages, 2-4% higher? We get a US style meltdown.

I don't think the housing crisis will hit Canada. Our banks have better guidelines than the US and a lot of the low equity deals are CMHC insured.

BUt yea, as long as our Resources industries don't go down the tank, then we'll be fine. But it's not looking good for Canada though. I'm very skeptical since the unemployment rate is soo high. People need jobs.

Durrann1984 07-23-2009 05:11 PM

i need a job ne 1 hiring/

tiger_handheld 07-23-2009 06:40 PM

Sept 30 will tell. but i'm banking on that recovery has started.

ilvtofu 07-23-2009 06:47 PM

at least my POT went back up sorta...
POT as in potash

!LittleDragon 07-23-2009 06:47 PM

Jobs are a lagging indicator, it's one of the last ones to go up. When companies make more money and business picks up, THEN come the jobs..

unit 07-23-2009 08:06 PM

if history repeats itself we'll see another bottom.
i think the worst may have passed but the road to recovery is a steep one.

twitchyzero 07-23-2009 08:27 PM

Quote:

Originally Posted by q0192837465 (Post 6519254)
the stock market nowadays is SO detached from the economy. Just cuz all the Index are going up, doesnt meean everything is all for everyone.

I agree
I don't think we'll see the light at the end of the tunnel for another year and half at least.

Nevertheless, last month and a bit was nice.

twixxer 07-24-2009 07:56 AM

Recession is over?!? YESS!!! Time to go take a second mortgage and buy myself the gtrz


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