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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (47897)	5/10/2012 6:33:38 PM
From: Mr.Gogo	Read Replies (1) \| Respond to of 78753

Sorry guys, I was talking about Toronto, I think we are far behind you. Here the median house price is 460,000$. The population is at the peak of its indebtedness. Canada is mostly a commodity driven country and with the inevitable slowdown in Europe and China people have to deleverage and some prices have to go down. Food was increasing in the last three years, but now I notice the things I am buying regularly are starting to creep down. The guy who changes my oil is desperate for work. The company I work for is getting ugly data from the European branches. This whole deleveraging that has to take place does not let the money go into the economy because businesses do not want to borrow, and the austerity... I don't see where inflation will come from. Even gold is creeping down. This in my opinion is the best explanation from a Japanese: youtube.com