Vancouver Real Estate – Hear That Lonesome Whistle Blow

The Governor of the Bank of Canada says:

“To some extent, we are experiencing the inevitable correction of a period of unbalanced growth. These are the famous global imbalances, which are characterized by excess savings and underconsumption in major emerging markets, and by negative savings, rapid credit expansion and asset-price booms in many western economies.”

“This correction, has not been pretty.”

BOC Speech

Building the Track

Rare is a track that runs straight on a railroad. Securing the rails are steel spikes of regulatory bodies. The road beds on which the rails lay were surveyed, designed to last and built on the backs of laborers. The objective, build the best, most direct course on which the engines of industry travel.

The ‘Hoggers’

The plan seemed right. Unaccounted, was the responsibility taken by the “hoggers”, the train engineers. Though speed limits were posted on the tracks, few who drove the train abided by those limitations.

Along the line to this crisis, the “hoggers”, purposely ignored the dangers associated with speed. Previous financial train wrecks warned them to slow down. Treacherous canyons had appeared earlier in the form of the Savings and Loan bail out. Still, the “high ball” mantra prevailed, causing this last train to jump the track, diving headlong into a global breach.

At The Station

With tickets to the view the wreck, there gathers on the station platform, economists, politicians and grass roots pundits all ready to conduct their Crime Scene Investigation of the disaster. With hammers in hand, they line up, ready to drive the last spike.

Which Club Car

The journey to the wreck is provided courtesy of the Rail Road company. Seats are available in one of two cars. Club Car number one, is the BAILOUT. Posted signs say discussion is limited to salvage. The other is the RECESSION. Live entertainment is headlined by the Fat Lady. All those present know that when she begins to sing it definitely won’t be pretty.

Unsure, the CSI voyeurs ponder which club car to enter.

Got a Vancouver Real Estate question? Always happy to answer it.

Call or send me an email

Twitter or Skype me at YatterMatters.

Larry

*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed. **Numbers provided may vary as they are dynamically posted by the REBGV.

Hat tip to Johnny Cash – “I Heard That Lonesome Whistle Blow”

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

When Life Moves You - contact Larry:

*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

Comment On This Post

will not be published
http://www.yourwebsite.com