Over the past little while i've been trying to keep myself in the economic loop regarding real estate and investing. There are a few things I don't understand regarding the latest stockmarket and economic mayhem.
http://www.bloomberg.com/apps/news?p...efer=worldwide
Aug. 10 (Bloomberg) -- Central banks in the U.S., Europe, Japan, Australia and Canada added about $136 billion to the banking system in an attempt to avert a crisis of confidence in global credit markets.
How do the banks do this? Do they just give their money away knowing this is the better of the 2 evils?
Also, What is your forecast in light of what is happening / has happened?
-Do you believe prices on imported goods will go up? (from China etc.)
-What about the interest rate?
-What effect will this have on us in Canada?
-Are we on the brink of a recession?
-Does this change your investment strategy?
To me Canada seems to be in better shape than the U.S. , maybe just in part because our dollar has been so strong as of late. Here are some more sites i've come across. What do you think?
http://www.stockhouse.ca/mediascan/n...newsid=8862929
http://sfgate.com/cgi-bin/article.cg.../MNU2RG11T.DTL