Saturday, September 20, 2008
We are all wondering quite a few things these days;
What on Earth is going on with the financial markets? Down 1500 one day, up 800 the next. Why did the US bail out private companies to the tune of hundreds billions of dollars? Will this spill over into Canada?
The BoC ponied up with $12 billion the other day to stabilize things - hey! isn't that our money? What about the billions in ABCP that the BoC bought over the last while? Did we get that back? What would happen to us if the Gov't of Canada de-regulated banks? Would we be in the same mess? Are we headed for the same mess?
Steve Hapless promised some kind of tax refund, or a rebate, or a grant (or whatever the heck it was) to first-time home buyers, to help with the closing costs. Is this a good idea? Do the poor bastidges that bought at the peak with 0% down really want to subsidize my home purchase when I buy at the bottom? Is it just like a cash-back mortgage? Is it an attempt to re-ignite the flagging RE market? Will that save it?
Are we on the verge of a recession, or worse? Are tanking housing prices, volatile (to the extreme) markets, declining oil demand and prices (but not so much for gasoline), job losses, plant closures, and all that other wild stuff, just background noise?
I have some questions too.
The other day, I ventured into talking about politics, and I'm not so sure that is what you want to read about here. I did so because I am concerned about all of what is mentioned above, and more, and I think that our government policies are quite relevant to them. I feel like I am watching a train hurtling towards a washed out bridge, and the engineer can't hear me yelling to stop because he is asleep.
Are you glad to get more in-depth/background information on what the issues, and the candidates/parties' backgrounds? Do you like it that I stray from the narrow confines of inventory, prices, and such?
I don't want to end up just ranting at myself (the last time I did that, I ended up in a jacket with extraordinarily long arms), so I made a poll about the polls. Have your say!