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Message: Re: interesting

Oct 07, 2008 09:57AM

Oct 07, 2008 10:19AM

Oct 07, 2008 10:31AM

Rocco,

I don't think we're going to be anywhere near 13,500 next year. Canada is just beginning to feel the effects of recession and the majority of Canadians are carrying way to much debt. Job losses will lead to forclosures considering people who are mortgaging houses to put in 100,000 swimming pools, buying Plasma TV's 3-4 at a time, cars they can't afford,300-400,000 average mortgages on houses in some of the larger cities on incomes that are only an oil change on the car away from personal bankruptcy. My wife works part time for a major bank and she tells me all about it. We're only fractions behind the US in our spending habits and this must change. The false economy days are going to be all but over for Canadians in the very near future which I believe will keep the markets down for some time to come. Again this is just my opinion.

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