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Interest rates dropping, economy slowing down
February 2, 2019
6:23 pm
Vatox
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Nah, the tin won’t work! You need the real stuff, like mine, aluminum foil.sf-laughsf-cool

February 2, 2019
7:19 pm
Loonie
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Bill said
I agree, people who live in large cities with all their wealth in electronic blips or pieces of paper, their goose is cooked. History is instructive, shows some options for when things hit the fan. I started my learning decades ago by reading about who did best and who did worst during the desperate times in social-order-breaking-down Germany/Austria between the world wars. Very helpful to me, but I'd stress the key is that at the end of the day you have to implement. Otherwise no point wasting your time and just scaring yourself.  

Implement what?
That's the question here.

February 3, 2019
7:08 am
Bill
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Loonie, that is the question, what to do? To me, it's up to everyone to figure out for themselves what, if anything, is not so much doable but something that they will actually do, (and plan is best begun to be executed asap in adult life, in my opinion). For example, someone who is older, has no kids, no younger and stronger generations coming into their family, is not hale and hearty, might have some physical limitations or health issues, has always lived (and so is only comfortable) in the midst of a huge metropolitan area, well that person to me maybe should just keep their fingers crossed. Others, on the other hand, might have a few or even many attributes/assets they can parlay into action, if they've the will to do so. (P.S. I thought I gave a strong hint about my opinion re "what to do? when I said people in big cities - I meant with 100% of their assets tied up in big-city stuff, access to zero rural or remoter area resources - have their gooses cooked, they're 100% at the mercy of their civilization's upheavals. Maybe suits them, not me. But I'm the last guy to advise others to do what I've done - in fact, the opposite suits me just fine, quite happy if the big metro areas of the world are where 99.9% of the modern humans want to congregate.)

February 3, 2019
7:48 am
Top It Up
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Bill said

To me, it's up to everyone to figure out for themselves what, if anything, is not so much doable but something that they will actually do, (and plan is best begun to be executed asap in adult life, in my opinion).  

So our personal existence is tied to a big city dwelling and a cottage in a national park. If the infrastructure implodes BOTH residences are at risk albeit less so at the cottage. At the cottage we are on electricity for power and heat, we draw water from the lake and use a septic field, we have a wood burning fireplace. We also have a stand-by generator should the power go out for an extended period. Are we protected from calamity, maybe, but frankly, I spend zero time thinking about Armageddon because I'd sooner spend my time planning and taking trips to Europe. I would guess our real at risk is that we have zero money stuffed in our mattresses, other than $1,000 cash in the house.

February 3, 2019
8:54 am
Vatox
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Ohh , the irony!

February 3, 2019
5:08 pm
Bill
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Where did the positive comment about Trump's handling of the US economy (related to the thread) go? Search "Trump" in the box above, lots of negative comments in 2018 re Trump on this site, no problem - ?? (P.S. I'm personally neutral on the guy, some good, some bad, not my country.)

February 3, 2019
5:38 pm
Peter
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Bill said
Where did the positive comment about Trump's handling of the US economy (related to the thread) go? Search "Trump" in the box above, lots of negative comments in 2018 re Trump on this site, no problem - ?? (P.S. I'm personally neutral on the guy, some good, some bad, not my country.)  

I deleted it and will continue to delete posts that stray too far into politics, positive or negative regarding any politician or party. If anybody wants to discuss that further, please create a separate thread. Thanks!

February 6, 2019
11:26 am
Vatox
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Housing market slowed 40% in January.

February 6, 2019
11:34 am
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From RBC -

... Activity levels remain historically low, especially in Vancouver where home resales are running some 36% below their 10-year average. But the good news is that activity didn’t slide any further in January. The Toronto Real Estate Board said today that home resales rose by 3.4% between December and January on a seasonally-adjusted basis, and (unadjusted) data re- leased Monday by the Real Estate Board of Greater Vancouver lead us to believe that resales rose roughly by the same magnitude in Vancouver.

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From the Ottawa Real Estate Board -

“January is typically one of the slowest months of the year for local real estate,” new OREB president Dwight Delahunt said in a statement. “Yet in spite of the record cold and snowfall, unit sales are up almost 16 per cent. This is the highest number of January transactions we have experienced in decades.”

February 6, 2019
12:41 pm
hotmony
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Vatox said
Housing market slowed 40% in January.  

Housing is not the whole economy a slowing will free up funds for other things.

February 8, 2019
9:04 am
hotmony
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OTTAWA -- The country saw a rush of 66,800 net new jobs in January in a gain fuelled by a hiring surge in the private sector, Statistics Canada said Friday.Economists had expected the addition of 8,000 jobs for the month. The biggest boost came from the number of private-sector employee positions, which climbed by 111,500 in January for the category's biggest month-to-month increase since the agency started collecting the data point in 1976.

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