^
I heard Donald Coxe earlier this week and I will summarize what he said below as it relates to this.
"Canada is a well managed country in a world that has been badly mis-managed and Canadian individuals are making up for that by mimicking the US real estate buyers of the last decade on the basis that they have nothing to learn from the US experience so you have a balance in Canada between really good management at the top with the Federal Government and the Bank of Canada and a population that has been a bit giddy and will at some point have to learn from it but meanwhile what is means is that Canadian assets will rise in value based on the fact that on a relative basis Canada is financially a strong country. Because of the Bernanke Gush exports from Canada to the US will actually be stronger next year than they were this year".
Regarding the massive amounts of liquidity being artificially pumped into the world economies :
"A recovering alcoholic after a couple of years being dry may feel good about things but that doesn't nescessarily mean that they are going to be healthier in the longrun for it".
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