This country lives or dies by its resources (and my family has roots in Penobsqis NB ) … American Doomers may find this one a bit incomprehensible but, if on a scale of 1 to 10 Senator Rand Paul is a 6, this is an 8 in the Canadian context.  Prime Minister Stephen Harper has already suffered one humiliating stand-down under intense international pressure this week, and if he allows the foreign takeover of SK’s potash industry in the face of opposition from the guy who they named the business school after at the university the PM took two economics…
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“We have a real problem with property ownership right now in this country” — Florida homeowner; about 18:00 on the tape this from today’s broadcast of Canadian Broadcasting Corporation’s The Current on CBC Radio 1, with Anna Marie Tremonti Nov 02/10 – Pt 1: Foreclosures<– click here to go to CBC’s episode site (with pop-up audio file) In the wake of the U.S. mortgage crisis, banks have seized millions of homes. This year alone, nearly 300,000 homeowners in Florida received foreclosure notices. Now, there are allegations that many of those home were seized unfairly. The Current’s Howard Goldenthal traveled to Florida…
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It’s election day, and it is my hope that the well informed of us will get out and vote.  It might not be P.C. of me, but it is also my hope that the uninformed stay home- we don’t need voters who vote by “eenie-meanie-minie-mo”. I know that Doomers stop by because they are “inquiring minds that want to know”.  I hope you guys are out voting in droves.

Over at TheStreet yesterday Richard Bloch was waxing philosophical about retail investors buying stocks against high-frequency traders. The bigger your order, the more it could impact the market. So in reality, the meaning of “market price” depends on quantity as much as it does price. At any point in time, the market for 100 shares of Amazon (AMZN), for example, would be different than for say, 10,000 shares.

Back in 2007 we started reporting about “accidental landlords”. These pretty much fell into two groups:  Would be flippers who couldn’t sell, and homeowners who didn’t like the market and thought they’d wait and sell when the market improved. It’s been more than three years, and prices have fallen in most areas.  I suspect there are a lot of those folks who started renting out properties in 2007 that are now wishing they bit the bullet and sold.  The ranks of “accidental landlords” continue to grow though, and now there’s another reason to look for a renter- staving off foreclosure. …
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