Comments on: Hard Times Here to Stay? Looks that Way. What Do You Think? http://jnarvey.com/2009/11/07/hard-times-here-to-stay-looks-that-way-what-do-you-think/ The essays, nerdy updates and literary adventures of Jonathon Narvey Tue, 22 May 2012 19:09:47 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Kevin http://jnarvey.com/2009/11/07/hard-times-here-to-stay-looks-that-way-what-do-you-think/comment-page-1/#comment-2231 Kevin Sun, 08 Nov 2009 00:07:59 +0000 http://jnarvey.com/?p=2056#comment-2231 That article is a little too optomistic. http://www.howestreet.com/articles/index.php?article_id=11419 In 1985 we borrowed 45% of our gross salaries and wages to pay for housing. By April of 2009 we borrowed 110%. This of course is an average of our entire country including those without mortgages. To the bulls and bears, please put aside your emotions. A real estate correction is written into the cards. It's a mathematical must. That article is a little too optomistic.

http://www.howestreet.com/articles/index.php?article_id=11419

In 1985 we borrowed 45% of our gross salaries and wages to pay for housing. By April of 2009 we borrowed 110%. This of course is an average of our entire country including those without mortgages.

To the bulls and bears, please put aside your emotions. A real estate correction is written into the cards. It’s a mathematical must.

]]> By: Aviator http://jnarvey.com/2009/11/07/hard-times-here-to-stay-looks-that-way-what-do-you-think/comment-page-1/#comment-2230 Aviator Sat, 07 Nov 2009 21:42:41 +0000 http://jnarvey.com/?p=2056#comment-2230 There is always an upturn in unemployment in the winter months due to the large number of seasonal jobs in Canada. Don't feed the panic artists! There is always an upturn in unemployment in the winter months due to the large number of seasonal jobs in Canada. Don’t feed the panic artists!

]]> By: wilson http://jnarvey.com/2009/11/07/hard-times-here-to-stay-looks-that-way-what-do-you-think/comment-page-1/#comment-2229 wilson Sat, 07 Nov 2009 19:48:28 +0000 http://jnarvey.com/?p=2056#comment-2229 Maybe some perspective on jobs. From 1978 - 2008 (30 years) only years in last 30 that unemployment dropped below 7% ...2000, 2005, 2006, 2007, 2008 Many young people have never experienced not being able to find a job. years unemployment was above 9% (predicted high in this recession) ...1982, 1983, 1984, 1985, 1986, 1991, 1992, 1993, 1994, 1995, 1996, 1997 and when you look at a graph, a pic being worth a thousand words, this is a time to look at the 21st century as good times IMO http://www4.hrsdc.gc.ca/.3ndic.1t.4r@-eng.jsp?iid=16 Maybe some perspective on jobs.
From 1978 – 2008 (30 years)

only years in last 30 that unemployment dropped below 7%
…2000, 2005, 2006, 2007, 2008
Many young people have never experienced not being able to find a job.

years unemployment was above 9% (predicted high in this recession)
…1982, 1983, 1984, 1985, 1986, 1991, 1992, 1993, 1994, 1995, 1996, 1997

and when you look at a graph, a pic being worth a thousand words, this is a time to look at the 21st century as good times IMO
http://www4.hrsdc.gc.ca/.3ndic.1t.4r@-eng.jsp?iid=16

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