[asian_XL]

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]

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

[!SG]

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]

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

[Death2Theft]

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]

it aint over, nowhere near being over

[Mr.HappySilp]

I see the economy going down more.

[wouwou]

My portfolio said its over 2 months ago

It's actually saying the economy has rebounded

[shenmecar]

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

[wouwou]

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

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

[Chuck Norris]

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]

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]

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]

yeah look at the unemployment rate

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

[taylor192]

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]

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

[PiuYi]

rebounding economy = higher gas prices :(

[iEatClams]

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]

i need a job ne 1 hiring/

[tiger_handheld]

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

[ilvtofu]

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

[!LittleDragon]

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]

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]

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]

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

[taylor192]

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.
50% (more likely 80%) of new buyers require 35 yr amortizations and historical low interest rates just to beable to get into the market. What do you think will happen when the rates go up and kick those 50% out of the market? Lots of current buyers couldn't buy when mortgages were 25yrs and 5% fixed, requiring 35yrs and 4% to get into the market. How many more of those buyers do you think there are?

I don't think housing will crash like in the US, yet its certainly not going up in inflated markets like Vancouver for a long time - and since Vancouverites are terrible savers (we're all house poor, high mortgages or high rents), so its not like we're going to beable to save more to purchase more.

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.
We need to stop buying stuff made overseas. This city is a perfect example, most of the cars/clothes are made elsewhere, few people drive domestics (I know domestics suck, yet they add jobs here), and everyone shops at malls selling imported crap.

[q0192837465]

We need to stop buying stuff made overseas. This city is a perfect example, most of the cars/clothes are made elsewhere, few people drive domestics (I know domestics suck, yet they add jobs here), and everyone shops at malls selling imported crap.


How is that even possible? What ISN'T made overseas nowadays. And besides, local stuff isnt attractive and generally more expensive.

[fsy82]

wait till 2010 is over..its gonna get alot worse before it gets better

[q0192837465]

wait till 2010 is over..its gonna get alot worse before it gets better

How about some seasoning with HST.......yum

[orange7]

We need to stop buying stuff made overseas. This city is a perfect example, most of the cars/clothes are made elsewhere, few people drive domestics (I know domestics suck, yet they add jobs here), and everyone shops at malls selling imported crap.

Corollas and Civics are made in Canada. I also know of some ppl who work for Toyota in Vancouver, so if we stop buying cars from Toyota then would they loss their jobs? The last time I checked, those so-called domestic car companies were started in the States. I know the US is like right next to Canada, but USA != Canada. However, I suppose you could argue that we now hold a portion of the shares to those companies.

Ahh.. wtf do I know? Please ignore this misleading reply.