Closing Bell: U.S. debt ceiling impasse casts shadow over market
Filed Under Main Content · Tagged: Closing Bell, Debt Ceiling, Gold, Impasse, Investors, Safe Haven
The looming deadline for a resolution to the impasse over the U.S. debt ceiling cast a shadow over the markets on Monday with gold, seen as a safe haven by investors, one of the day’s few winners.
Closing Bell: U.S. debt ceiling impasse casts shadow over market
Baines: Insurance agent continues to pitch high-risk investments
Filed Under Main Content · Tagged: Business Insurance, David Michaels, High Risk, Insurance, Insurance Agent, Investors, Lunch, Risk Investments, Seminars, Victoria Area, Wealth Management
Victoria-area investors beware. David Michaels, principal of Michaels Wealth Management, is staging another of his "lunch-and-learn" seminars at noon today.
Baines: Insurance agent continues to pitch high-risk investments
Three ways to capitalize on a sluggish housing market
Filed Under Main Content · Tagged: Billions Of Dollars, Extent, Foresight, Globe And Mail, Handful, Housing Market, Investments, Investors, Mortgages, Property Boom, Three Ways
The Globe and Mail- As the U.S. housing sector crashed, a handful of investors made billions of dollars because they had the foresight to short the market.
They were able to cash in because most of the mortgages issued during the U.S. property boom were repackaged and resold to other investors. Owners of the investments were willing to lend them out to be sold short, because they didn’t understand the extent of the crisis to come…
Three ways to capitalize on a sluggish housing market – The Globe and Mail
CMHC: Canada’s very own ticking economic time bomb
Filed Under Main Content · Tagged: Assets, Banking System, Borrowers, Cmhc Canada, Disasters, Economic Time, Economy, Hiccup, International Banking, Investment Vehicles, Investors, Job Canada, Low Mortgage, Mortgage Rates, Mortgages, Ninja, Real Estate Market, Time Bomb
The Star- For the past few years, Canada has been basking in the glow of international economic praise.
Our banking system is the best in the world. There has been no need for government bailouts. True, we have recently been running large deficits. But they are manageable in terms of the size of our economy. Our dollar is strong. Investors want to invest in Canada. Best of all, our real estate market, with a short hiccup in late 2008 and early 2009, has been moving steadily upward. Historically low mortgage rates have made housing affordable to practically anyone wishing to purchase.
Not for us the housing disasters that have occurred practically everywhere in the world. No toxic investment paper, as was created in the U.S., by bundling mortgages into investment vehicles that had very poor underlying security. Not for us the “ninja” borrowers (no income, no job, no assets)…
CMHC: Canada’s very own ticking economic time bomb – thestar.com
