Ok Is their a world wide correction coming!

[SASKFARMER3]

My trip west got me thinking.
Home sales in BC are slowing, homes aren't
flipping in record time.
Companies are getting lean. Orders are dropping.
Chinese are waking. Up on land sales, ( lady who
writes the checks for local purchases put out a
stop order. Also super land company farmers
losing. Millions).
Comments all over about our banks, why can we
be the only country in the world with no issues or
is it a giant sham.
Using equity in city homes to cover debts from
spending, personal debts, over priced property
leveraged to the hill.
Every thing is linking up all over the place.
Fiscal cliff, country debts.
One Positive is oil!
So will 2013 be the next big one?

[SASKFARMER3]

Oh yea the Chinese investor said no to $25 mill.

[sddickson]

I'm just hoping we make it past that Dec. 21/2012 end of the world day.
... lol .. just kidding.
Sometimes we just have to turn the bad news off and appreciate what we do have as Canadians.
It could be a heck of alot worse if we were North Korean framers living under the thumb of a single desk marketing dictatorship ..... lol.

[Hopperbin]

Perhaps if your bragged about your great l150 canola at 60 bushels to the acre and number one Durum and Hard red, 140 bushel oats, 40 bushel bean crop, 45 flax, never any frost, no wind damage, not having to spray for weeds, 30 dollar per acre fertilizer program, cheap new iron, etc LOL. Any chance the Chinese guys are listenning on here?

[Hopperbin]

Why didn't you go for 2 percent down and finance the rest?

[cottonpicken]

The federal reserve is now buying 90% of the
debt,this would have been unthinkable(to most) a few
short years ago.

Houston we have a problem.

[SASKFARMER3]

This is the first time in years that fellow Canadians
in BC felt like I do. The housing market has
peaked. 2.5 for a home in north van, yes it's a
year old but hardly affordable for a average
Canadian.
Also the banks, how can we as a country not have
a similar problem that it seems all other countries
have.
Orders for new products are slowing, similar to
2008 before it imploded. This time it could be
Canadian homes at 75% market value.

[DogPatch]

Sure........... the bright point seems to be oil, but then all of us on here bitch about the price of fertilizer, fuel chemicals etc etc. Well folks it takes fuel to get all that to our farms. Wheres the brightness in that?

[Klause]

Ya'll keep saying "oil" is a bright spot...

I'm in Edmonton at the moment, getting a rig ready
to roll out for the winter.

The mood is toned down... very toned down from
last year. There's 1/4 of the usual "Now hiring"
signs out.

A lot of the smaller producers can't get capital to
fund drill programs, a lot of the larger ones aren't
adding anything to drill programs.


This slows everything down..... from top to bottom.


Canadians will have to learn to live within their
means too, IMHO. It'll be a rude shock!

[bucket]

dogpatch

You make a good point about the fact that it takes fuel to get everything to our farms or towns.

They use to send tractors on rail, and supplies would come in on rail as well.

The fact Canada tore up a majority of its rail lines, that had they stayed in place and used better, would have made Canada one of the greenest countries on the planet.

Imagine 10 cars of fertilizers pulling into the local plant, unloading, cleaned out and reloaded with grain. Efectively taking 40 super Bs off the highway and putting it on rail, and using 1/10th the fuel.

How stupid are we as a nation. Complete lack of foresight by those much older than me.