Below are two graphs that look like they may have something in common. The first is from Whisperer's blog. We have posted it a few times here, and it shows how a mania unfolds in a graph.
I admit I have had trouble identifying where we were on the slope, but things may be a bit clearer now.
The second is the SFH average price for Vancouver. You judge.
The canary in the credit crunch coalmine
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Historically, every recession has been accompanied by an equity bear market.
One characteristic of every recession has been a credit crunch. As the
econom...
3 days ago