CMHC Case Study Reviews by the Canadian Funding Corp.
By Paul Craig Roberts
Counterpunch
Thursday, July 16, 2009
http://www.counterpunch.org/roberts07162009.html
There is no economy left to recover. The U.S. manufacturing economy was lost to offshoring and free trade ideology. It was replaced by a mythical “New Economy.”
The “New Economy” was based on services. Its artificial life was fed by the Federal Reserve’s artificially low interest rates, which produced a [...]
Canadian sales of existing homes rose for a fifth month in June, adding to evidence that record low borrowing costs are fueling housing demand.
Sales rose 8.7 percent to 41,304 homes from the previous month on a seasonally adjusted basis, the Canadian Real Estate Association said today in a statement from Ottawa. Average home prices rose [...]
Every time I go back through the TLR archives of this BC Rail case, I am surprised to see certain things leap off the page with new significance. Almost as if I hadn’t seen them before. Like this line:
OmniTRAX president and real estate developer, Patrick Broe …
A real estate developer?
Others undoubtedly saw that line [...]