LSE and TMX Deal Fails - Canada Has Failed

Canada was supposed to be a free country with free speech. We invented many things like the internet and maple syrup. Yet, in modern times we have fallen in everything. We have crappy internet and we lose out on deals that could make this place a greater place. RIM is failing, everyone knew that was going to happen. All our tech geniuses left us for the states because we're too cheap to fund them. What have we got left? A crappy country that ruins everything.

Banks want to control the stock exchange. I say screw their cocks! You want it, well you can't have it. I don't want to go back to the days of Ma Bell, thank you. If you have a monopoly then no innovation happens. Change is what everyone hates. The banks, so called "Maple" which is retarded, want to buy the TMX. Well this is just saying, the big bully wants to buy the popular guy. Would you like it if there was only one internet provider, one phone company, or one stock exchange owned by one company. A monopoly is what it's called. Banks have done nothing to give back to everyone so why should we let them take our icon?

The NYSE did it. The NASDAQ did it. Everyone did it in the states, why not here? Canada now looks horrible. Nobody wants to do business here any more. To the government, that's like a hurrah yet to us Canadians, it's lost return. BHP could've bought Potash. They could create more jobs and move the HQ from the US to Canada. They would create more jobs and blah. We said no! That was bad enough.

Now the world gave us another chance, create the worlds largest stock exchange. It was a win-win deal. Yet everyone is so f***ing retarded in Ontario to realize that. You bank CEO's are stupid, retarded, and assholes. Maple is what you call yourself and you hold Canada's interests at heart. No this fact, banks are cruel and will try anything to make money. Things have always been apart for a reason. Banks will make things worse, nobody will buy things off the TSX if the banks own it. Lost business, lost jobs, lost everything. Is that what you want?

I'm just giving my two cents. The Liberals have really screwed up, the banks are asses, and the government did nothing to make Canada look like it really should. A country that welcomes investment and innovation. Instead we showed them how we are not friendly and don't want people messin' with our stuff. What is wrong with you? Read this and think....................

Vancouver's Housing Bubble

Vancouver,BC, Canada is a city known for many things. It is known for its 2010 Vancouver Olympic Games and it's highly populated Asian communities. What is unusual is it's housing bubble. The real estate here has increased a lot with the average home price of over $1,000,000 and that's not good enough to get you the home of your dreams.

An example is something like the house above. It was sold for $1,688,000 and it was in a horrible state so it's probably going to be torn down and rebuilt. The neighbor found out about the sale and had lived there for less than three months. They bought it for $1,047,000 and sold it for $1,357,000. There are many desperate people out there. Rich Chinese people are driving the market with their pocketbooks open, Vancouver seems like a good spot for them.

Vancouver will have it's bubble grow until it one day pops and its the end of Vancouver itself.

Canada's Economy: It's not great.

Canada, a country that welcomes immigrants and refugees from around the world and a country with freedom and a great atmosphere. Yet when I take Canada into economics, it doesn't do well on my list. Canada may be the best economy in the G7, but don't see that for too long.

Previously the Bank of Canada minister issued a warning. He said we have more debt than our equity. This should have brought a warning to all to be more careful with their money, but are we? We may have tighter lending laws, but is it useful? The US had bad lending laws and banks lent money to anyone without researching them. Look at Canada, our unemployment rate is 8%, which is high. Also, many Canadians aren't going to be able to pay their mortgage if one goes out of work or if interest rates go up. What does that tell you? Well, it says that people get qualified before, but can't make the payments later. Isn't that like the US only with a delay. Lets take Lehman Brothers as an example. They sold companies at a discount and bought them back at a higher price. At first it was a profit, but it swallowed and destroyed the company didn't it?

Canada also doesn't have much to offer to the world. Look at our logging industry, we have it but nobody is buying. Banking, forget about it how would they survive if Canada increased interest rates from the lowest rate in years. Mining, at least there's some hope there until gold collapses soon. Medical, what do we have there? We have a low number of drug or research companies. The list could go on forever and with Canada having a low money supply and a high deficit. I think it's safe to say its only a matter of time.

Lets look at housing for a moment. People borrowing money that they know they can't pay back if interest rates were to rise. A bubble in markets like Vancouver and Toronto. The average home price at $344,000. Interest rates at all time lows, I think we get the picture. The housing market is at a bubble right now. The federal government has created it and is trying to stop it from popping, but it will devastatingly. The bubble will pop like how people said the Dot-com bubble would't pop or how banks were too big to fail in the US and the US housing market. They said it wasn't possible, but it happened. They tried to stop it, but it happened. How about Japan? They had a bubble and they barely borrow money to buy anything. They save money rather than Canadians and Americans. Look at their housing market, it collapsed too. Yet Canadian analysts say it's not possible, but what happens if the TSX would crash 200 points in one day. What if the Bank of Canada rose interest rates? What would happen analysts? What would happen!

They say it's impossible to try and trick you into spending more to sustain the economy. Canada could've crashed earlier and not be in such a big mess than if it were to crash now. Look it interest rates rose, the housing market would be full of foreclosures. People aren't saving a lot anymore and more people are out of work to pay their bills and mortgages and are taking a lot of debt. People try to lie to themselves saying it's a good investment without thinking of the side effects.

If the crash were to happen, it would've happened earlier as Canada wouldn't have hit hard. The harder you fall, the more you lose than to have done it earlier in life or history. It's the same with economics.