We need to focus more energy on getting money in the hands of the job creators...

[vancouver]

like I stated there are dozens of them out there. this stuff is from '97 and I don't have all my bookmarks from papers that I read years ago, as most of us are so far past this.

and as I have stated before you work in the industry, an unbiased opinion or objectivity is impossible, your livelihood depends on this industry while mine does not.

believe you what you want, quite obvious you are the fucking idiot. it's always the persons fault and never the legislation or market for lobbying to change the rules and regulations. that cheesy little series 7 license that you have doesn't mean squat and I know dudes that are half-retarded that passed that exam.

I'm biased because I work in the capital markets??? What the fuck does the stock market have to do with housing prices or upside down mortgages??? I've got nothing to be biased about. I work as a Financial Advisor and I have accerditation which makes me an expert in areas of finance and economics, unlike you dip shit. I don't sell propriatary products, I have no aganda. Let me get this straight, because I work int he money business and I have accreditation, I'm biased and full of shit. But you, a guy who is a hobby economist and has fucking zero access to current data put out by financial institutions, knows a whole lot. You use a research paper to represent theory as fact and then you call me an idiot.

BTW, we do not write the series 7 in Canada, but we are exempt from writing the full version of it, if we want to register in the U.S.

OK, so since you are skirting my question in our original argument. I will give you the answer. Canada's housing market has not crashed because we have much stricter banking laws and lending rules. For 1, if you want a higher ratio mortgage (like which would be insured by a Fannie Mea), you have to have a minimum credit score. 2. you must produce a minimum 5% downpayment and prove the funds were in your account for longer than 3 months; they must not have been gifted to you. If your credit score is not high enough, the downpayment is 10%. 3. You must qualify based on affordability of payments at the 5 year posted rate of interest, not a discounted rate and there is no such thing as an adjusted rate mortgage in Canada. So you could technically get a 200 basis point discount on a mortgage, but you cannot qualify for insurance at these rates (nor the mortgage). Canada's mortgage cannot be securitized like the mortgatges in the U.S. We did not have a problem with ABCP.

This dipshit, is the reason our real estate market did not colapse.

With the exception of interest deductibility, our taxes on the gains of your principle residence is actually less than yours (zero). On second and third properties, capital gains were lowered significantly after you lowered yours. Much of Canada's tax legislation has followed the US in recent decades.

I did not say I don't believe in legislations, not once. I said your theory is totally full of shit. I do believe in good lending practices and rules that would have financial institutions play fair. Your government not only loosened lending requirements for high ratio mortgages, mortgage companies broke what rules did exist. It was a repeat of the American Savings and Loans crisis x 1000.

So what exactly do you do for a living...I'm guessing a bartender? But I also heard in another thread that you were aplying for a mail room position with Ernst and Young...based on your superior, unaccredited experience with Economics.

 

[LAM]

I'm biased because I work in the capital markets??? What the fuck does the stock market have to do with housing prices or upside down mortgages??? I've got nothing to be biased about. I work as a Financial Advisor and I have accerditation which makes me an expert in areas of finance and economics, unlike you dip shit. I don't sell propriatary products, I have no aganda. Let me get this straight, because I work int he money business and I have accreditation, I'm biased and full of shit. But you, a guy who is a hobby economist and has fucking zero access to current data put out by financial institutions, knows a whole lot. You use a research paper to represent theory as fact and then you call me an idiot.

BTW, we do not write the series 7 in Canada, but we are exempt from writing the full version of it, if we want to register in the U.S.

OK, so since you are skirting my question in our original argument. I will give you the answer. Canada's housing market has not crashed because we have much stricter banking laws and lending rules. For 1, if you want a higher ratio mortgage (like which would be insured by a Fannie Mea), you have to have a minimum credit score. 2. you must produce a minimum 5% downpayment and prove the funds were in your account for longer than 3 months; they must not have been gifted to you. If your credit score is not high enough, the downpayment is 10%. 3. You must qualify based on affordability of payments at the 5 year posted rate of interest, not a discounted rate and there is no such thing as an adjusted rate mortgage in Canada. So you could technically get a 200 basis point discount on a mortgage, but you cannot qualify for insurance at these rates (nor the mortgage). Canada's mortgage cannot be securitized like the mortgatges in the U.S. We did not have a problem with ABCP.

This dipshit, is the reason our real estate market did not colapse.

With the exception of interest deductibility, our taxes on the gains of your principle residence is actually less than yours (zero). On second and third properties, capital gains were lowered significantly after you lowered yours. Much of Canada's tax legislation has followed the US in recent decades.

I did not say I don't believe in legislations, not once. I said your theory is totally full of shit. I do believe in good lending practices and rules that would have financial institutions play fair. Your government not only loosened lending requirements for high ratio mortgages, mortgage companies broke what rules did exist. It was a repeat of the American Savings and Loans crisis x 1000.

So what exactly do you do for a living...I'm guessing a bartender? But I also heard in another thread that you were aplying for a mail room position with Ernst and Young...based on your superior, unaccredited experience with Economics.

exactly so you know even less than you think, as you work in a foreign market that has different rules, regulations and capital requirements than the US.

your preaching to the choir about banking deregulation which have been the cause of every banking collapse in world history.

I work in telecommunications, my forte is data analysis/R&D of wired telecom products. telecommunications standards documents make most in finance look like richard scary books in comparison in terms of the mathematics and complexity. but now I am basically retired with a small businesses so I spend thousands of hours a year reading economic papers from inside and outside the US as I have not much else to do with all my free time. it stimulates the brain since I find the work in my work field to be extremely boring and un-challenging after several decades.

 

[vancouver]

exactly so you know even less than you think, as you work in a foreign market that has different rules, regulations and capital requirements than the US.

your preaching to the choir about banking deregulation which have been the cause of every banking collapse in world history.

I work in telecommunications, my forte is data analysis/R&D of wired telecom products. telecommunications standards documents make most in finance look like richard scary books in comparison in terms of the mathematics and complexity. but now I am basically retired with a small businesses so I spend thousands of hours a year reading economic papers from inside and outside the US as I have not much else to do with all my free time. it stimulates the brain since I find the work in my work field to be extremely boring and un-challenging after several decades.

So you've given up your argument and instead are trying to win the debate by pulling more shit out of your ass. The US and Canadian capital markets are joined at the hip pointdexter. There is a reason we are exempt from writing the full series 7, it's because we've already learned 90% of the material that applies to all free capital markets. Economics is economics. Fucking hillarious. Regulations are all the same, ours are just stricter and more strictly enforced. You remind me of the chick on "American Pie", "and one time, at band camp"...

I never fucking once called for the deregulation of banks, not once. Stop trying so hard; for sure you will beat me in a debate about telecommunications, but when it comes to economics or finance, not only do you not have the aptitude, you have zero accreditation or life experience...you are all about theories...

You spend all your time reading economics...are you fucking serious??? Have you heard of the game of golf, shuffle board, lawn bowling? I sure as hell will not be studying anything when I retire, except for pickup lines for all the future mistresses I'll be spending my money on...



I now fully expect you to reply with some halfwit attempt to discredit me and skirt the actually topic, which has gone from economics to

 

[LAM]

So you've given up your argument and instead are trying to win the debate by pulling more shit out of your ass. The US and Canadian capital markets are joined at the hip pointdexter. There is a reason we are exempt from writing the full series 7, it's because we've already learned 90% of the material that applies to all free capital markets. Economics is economics. Fucking hillarious. Regulations are all the same, ours are just stricter and more strictly enforced. You remind me of the chick on "American Pie", "and one time, at band camp"...

I never fucking once called for the deregulation of banks, not once. Stop trying so hard; for sure you will beat me in a debate about telecommunications, but when it comes to economics or finance, not only do you not have the aptitude, you have zero accreditation or life experience...you are all about theories...

You spend all your time reading economics...are you fucking serious??? Have you heard of the game of golf, shuffle board, lawn bowling? I sure as hell will not be studying anything when I retire, except for pickup lines for all the future mistresses I'll be spending my money on...



I now fully expect you to reply with some halfwit attempt to discredit me and skirt the actually topic, which has gone from economics to

if they were joined at the hip then you would have known what the case shiller index is and was which you obviously do not and the effect that it had on the median home values and how it changed the home in the US from being a long term investment to a short term commodity.

and our economies are not joined at the hip at all levels. Canada has not liberalized it's trade as much as the US, and has higher taxes and tariff's, etc.

you live in Canada yet claim to know how US markets work, that's laughable at best...you guy's that work in that industry are all the same none of you have any real skills, that's why you all work with other people's monies...the finance industry makes nothing of value nor ever contributes anything to advance our existence here nor will it ever...

 

[vancouver]

if they were joined at the hip then you would have known what the case shiller index is and was which you obviously do not and the effect that it had on the median home values and how it changed the home in the US from being a long term investment to a short term commodity.

and our economies are not joined at the hip at all levels. Canada has not liberalized it's trade as much as the US, and has higher taxes and tariff's, etc.

you live in Canada yet claim to know how US markets work, that's laughable at best...you guy's that work in that industry are all the same none of you have any real skills, that's why you all work with other people's monies...the finance industry makes nothing of value nor ever contributes anything to advance our existence here nor will it ever...

You are such a dumb fuck. You mean Carl Case & Robert Shiller? Like the guys from Yale Economics? The guys for which I have spreadsheets of data for home prices, PE ratios, bond yields and interest rates, etc, etc. You fucking moron; every financial guy on the planet knows where to get raw data for chart making.

Who are you trying to convince??? You are doing a terrible job convincing me you now jack shit about finance or economics.

BTW, I did not say our Economies were joined at the hip, I said capital market dipshit Capital markets!!! You do know who our respective largest trading partners are, right? You do know that we have American companies listed on our exchanges and vice versa? You do know that Canadian Companies are members of the NYSE??? You do realize that as far as the capital market are concerned, there is no border. I know this, but of course, I work in the capital markets

And trust me, I've forgoten more about how the U.S. markets work than you'll ever learn.

If you had any credibility with the guys who were reading your shit before, you're loosing it post by post. You should give up while you're way far behind. You're digging yourself a hole to China, of course if you keep on diging, you just might find yourself in a country that suits your point of view...

What a fucking moron...

 

[LAM]

And trust me, I've forgoten more about how the U.S. markets work than you'll ever learn.

right...be living in working in Canada your whole life...

and I'm not trying to convince your of anything I could give 2 shits about you. you live and work in Canada yet think you know all about how economics (and for that manner politics) and the social climate in the US works..

good night kid..

 

[vancouver]

right...be living in working in Canada your whole life...

and I'm not trying to convince your of anything I could give 2 shits about you. you live and work in Canada yet think you know all about how economics (and for that manner politics) and the social climate in the US works..

Yes...