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The Great Famine – 21st Century Style

December 17, 2009
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North America is home to a generation of people who have never experienced a recession in their adult lifetime. They’re between 20 and 30, much like myself.
I remember when I was very young, my dad being laid off from construction during the recession which hit in 1984. He’s mentioned it before, but he was [...]

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The Aftermath of an Irish Real Estate Bubble

September 16, 2009

This is a very interesting time to be living in Ireland.We’re in the middle of possible recovery from recession, new tax legislation which may completely change the way they tax property, NAMA (the goverment buying up toxic loans) and a national referendum on Lisbon 2, which will determine to what extent Ireland will continue to [...]

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Rate of Decline Slows Significantly

June 17, 2009

Today’s edition of the Stats Can Daily showed the largest monthly improvement in the unsmoothed composite index in 30 years.
The rate of decline of the leading indicator slowed markedly to 0.1% in May, the smallest of nine consecutive declines. The shift from a 0.9% drop in April to a 0.1% dip in May was the largest [...]

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8 Tips for Recession Proofing Your Real Estate Business Model

January 26, 2009

[Ed Note: Today's Guest Post comes for Garth Chapman, a Diamond REIN member and the co-founder of REMA, a Real Estate Management and Analysis software. (Not so shameless plug: I use it!)]
This has been our approach to making sure our estate business prospers going forward. We’re always trying to answer the question: What are you [...]

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Cheerful Alberta News

November 18, 2008

It’s the middle of a recession in that country to the south of us. Things are a little unsettled globally speaking. Buth Jeff Sutherland, reminded us all of some cheerful headlines. 
In the midst of global economic confusion:
Did you know Alberta has a $15.8 BILLION rainy day fund? 
Did you know Alberta will NOT be running a deficit [...]

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Credit Liquidity is the Problem

October 30, 2008

The real driver (such as it is) of the current American and global recession is the lack of available credit. It was Benjamin Tal from CIBC who pointed out that Ben Bernanke, the chariman  of the US Federal Reserve is a student of the Great Depression. His diagnosis, (via Ben Tal, which I agree with), [...]

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Canada’s Real Estate Market Won’t Meltdown

October 4, 2008

Benjamin Tal, who I’ve discussed before after his July 2008 presentation on the state of the Canadian and US economies to the Real Estate Investment Network, was finally quoted in some good context in a CBC article. (Hat tip to Gary McGowan and Don Campbell on myREINspace) It’s nice when the mainstream media publishes something [...]

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Banks tighter than a duck’s ass

September 28, 2008

So, unless you’re dead, you’ve been reading about the stock market crash and the death of AIG; the explosion of WaMu (Washington Mutual) and Congresses’ $700 billion bailout.
The real issue right now isn’t what happened; it’s what can’t happen going forward. All this has caused the entire finance industry to pucker tighter than ducks ass [...]

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