Quote:
Originally Posted by Dan02
I fail to see how a 12% drop from peak in the US predicts, a 38% drop in Calgary. thats' even more pessimistic then Clarean 
I find it annoying when people try to use the US market to predict Canada, yes there are some of the problems are the same. But the elephant in the US is the subprime mortgages, which aren't nearly the same sort of problem here. |
Sure, but the US didn't have a huge housing bubble caused by speculation or real estate itself and another bubble in $150/bbl oil. That said, these projections are hugely unscientific.