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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chispas who wrote (631)	2/25/2004 1:40:45 PM
From: mishedlo	Respond to of 116555

copper gone parabolic quotes.ino.com

To: Chispas who wrote (631)	2/25/2004 1:45:53 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Canadian Real Estate Posted by Mazepa on the FOOL Read the whole article it is interesting mish ========================================================= Toronto real estate makes Calafornia Real Estate look like a bargan. In T.O you can buy a 2 bedroom home covered in roofing shingle that is about 100 years old for just 300 - 600 k. What is amazing about it all is that people are buying. Gotta love it... canoe.ca Snip... To me, this is irresponsible leadership. Now is the time to encourage overly indebted Canadians to go on a debt diet -- not take on more debt. But, as in the States, our hot housing sector is keeping our economy alive, so the gurus at Canada Mortgage and Housing Corp. (CMHC) have decided it's time to get more people in the market. How? By letting them jump in with no money down -- and that move makes me, and many others, very nervous. Here's how it works: Effective March 1, you'll be allowed to use bank loans, mortgage cash-back incentives, even credit cards or borrowed money from parents, friends or relatives to make up a 5% down payment.

To: Chispas who wrote (631)	2/25/2004 1:56:16 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

The European exchange rates enigma news.ft.com

To: Chispas who wrote (631)	2/25/2004 1:59:11 PM
From: mishedlo	Respond to of 116555

Cdn Capital Spending - A Slow Turn Dr. Sherry Cooper, Chief Economist Canadian investment intentions for 2004 show some underlying improvement in the private sector, but are far from robust. The overall rise in capital spending this year is pegged at 3.1%, which is actually below last year's estimated 3.8% gain. However, the apparent cooling is entirely due to the housing sector, where new spending is expected to slip to 2.7% after an 11.2% burst last year. In addition, public sector investment is also projected to slow, albeit to a still-solid 7.2% rise from 7.7% last year. Private sector spending on plant and equipment is projected to nudge up 1.7% versus a 1.1% decline in 2003. While far from stellar, it should be stressed that a steep drop in machinery and equipment prices - reflecting the surge in the Canadian dollar - means that even a small rise in spending will translate into a solid increase in the volume of M&E investment. Spending by manufacturers is expected to remain stable this year, rising 3.9% after a similar 3.6% rise last year. Clearly, the loonie's surge has not hit profits enough to thwart capital spending plans at domestic factories. Some industries are planning to ramp up outlays after deep cuts last year, including transportation, finance, and information & cultural. On the flip side, retailers are looking to cut back on investment this year after a solid gain last year. Meantime, utilities and government will remain at the top of the heap, both projecting another year of hefty increases. On a regional basis, capital spending plans are spread across most of the country, led by a 10.5% rise in Newfoundland and Labrador. Only Saskatchewan expects a spending decline this year. The Bottom Line: Canadian private capital spending still appears to be turning the corner, although the upturn is far from impressive at this stage. bmonesbittburns.com