Monday, November 17, 2008
The Fianacial storm continues?
One of the great things about blogs is you can reflect back on previous directions to see how accurate you have been. A month ago we talked about the financial crises and potential impact, 30 days later we still are not sure if the bleeding has stopped. The stock market has continued it's decline and the Canadian housing market has declined as well in sales volume. Most people would see a lot of negative information in these events and indeed this is not good news. That being said, there are some positives to look at. Prime rate and mortgage interest rates should be trending much lower, which is going to lower payments for everyone. If you are looking to buy home, they are now on sale along with a lot of stock's in the markets. when crises does hit this is when you need to choose your perspective, to see the opportunities.