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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (23043)	4/22/2005 8:42:36 PM
From: The Wharf	Read Replies (2) \| Respond to of 81131

I spoke with my dear friend who as I has a son who is buying a house only this is on Vancouver Island. Her son and wife took positions in a less costly area of the Island they thought it was a plus as their long range goals are to establish their own physical therapy clinic. My girlfriend who resides on the mainland was in shock when they went house hunting with the children they found there were very few houses on the market and prices about $400 C and this is not close to Victoria. Tremendous amount of dollars in mortgage industry here USA very creative finance. I was reading a paper at St Louis Fed where in 2002 18% of loans were substandard. I have no idea how many are substandard now. Now we have electronic trading to deal with and merger of exchanges most assuredly cost savings but less intuitive intelligence to see potential problems I would like to get a gross domestic income summary of US but if there is such a thing I can't find it The extent of this property bubble to me is huge Searle. . Employment is measured by household data now so it just one big headache to try to grasp and tie to market. What i do know is inflation must increase substantially to maintain housing costs but what to me seems to be the problem is cost savings in product price comes from fabrication elsewhere and that leaves little room for wage increases in the less wealthy sector here. Does that mean there will be a run on physical gold probably not because it is all paper now. It could mean there will be a run on paper gold what ever the blazes that is. As I certainly don't know what currency I would run for safety to at this time. They are all becoming very interconnected, since the world seems to be specializing in certain areas. bloomberg.com Royal Bank of Canada Will Hire About 700 Over 2 Years (Update2) April 22 (Bloomberg) -- Royal Bank of Canada, the country's biggest bank by assets, will hire about 700 employees to handle consumer and small-business customers in the Canadian market, the company's head of sales said. The bank plans to hire 150 mortgage specialists, 85 customer representatives and 102 commercial-banking employees over the next year, Anne Lockie said today in a presentation to investors in Toronto. The bank will also add 250 account managers and 100 financial planners over the next two years. Chief Executive Gordon Nixon is trying to boost the bank's base of consumer and small-business clients in Canada and the U.S. The bank is Canada's No. 1 lender for residential mortgages and ranks second in consumer deposits after Toronto-Dominion Bank, Royal Bank said. Royal Bank cut 1,660 jobs starting in November to reduce expenses, mostly head-office positions. The bank reported in February that first-quarter profit climbed 31 percent to a record C$1.04 billion ($842 million), boosted by a rebound in U.S. consumer banking. In addition, Royal Bank plans to open 19 branches and expand or relocate 34 others. The company didn't give a timeline. Shares of Royal Bank fell 13 cents to C$73.36 at 4:05 p.m. trading on the Toronto Stock Exchange. They have risen 14 percent this year, more than any other Canadian bank.