Tuesday, January 8, 2013

Garth's Future Cringe Material

#120 skeptical on 01.08.13 at 11:57 am

#112 Willy2 on 01.08.13 at 10:49 am
And no, that’s NOT the result of rising inflation (we’re moving to DEFLATION, again) but a fear of the US defaulting on its debts. (That’s the ULTIMATE deflation).
the US will not default on it’s debt. it will keep printing more money out of thing air, as much as it wants.
What does ‘thin air’ mean? All currency is backed by the world’s largest economy, worth $16 trillion, plus the power to tax. There is no greater security on this earth. — Garth

#136 █ ♣ █ ANONYMOUS on 01.08.13 at 1:03 pm
“The bull market in U.S. equities that began in 2009 may end this year, followed by a drop of as much as 30 percent in the Standard & Poor’s 500 Index by next year, according to technical analysts at UBS AG. ”
“A “cyclical” bear market will then follow, with the gauge dropping as low as 1,100 by 2014.”
So don’t worry about house prices falling when equity price falls will far exceed that.
Do you believe everything you read from people with a vested interest in volatility? — Garth

[Sniff of potential customer in comments - real estate is OK for this one - can one of you Canadians track this real estate call over the next few years please]

#88 Hey Jude on 01.08.13 at 3:16 am
Hi Garth I am a new reader to your blog and I love it. We sold our house 5 years ago and have been renting. My husband retires in June 2013 and we are now ready to possibly relocate to Moncton, New Brunswick and settle quietly into retirement. Housing is already a real deal there.
Garth could you possibly comment on your thoughts of us buying a home this year and retirement in Moncton.
Thanks for your time.
A brilliant move. The Maritimes are the new BC for retirement – friendly, temperate climate and you and eliminate a zero from house prices. But I prefer the South Shore of NS. They have palm trees. — Garth
Did anybody else think that realtor-speak came a little too easy there, or what?

#23 Smoking Man on 01.08.13 at 11:06 pm
I remeber you saying that indexing is not the way to go going forward but picking certain sectors, now you’re saying that buying ETF’s that mimic the sp500 and TSX are the way to go?
i need another drink!
Not only are you a fraud, you’re wrong. — Garth

The ironymeter just detonated in the back room..

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