"Work is about a search for daily meaning as well as daily bread, for recognition as well as cash, for astonishment rather than torpor; in short, for a sort of life rather than a Monday through Friday sort of dying."
Studs Terkel
Talk about closing the door after the horse has bolted...
The Paris-based OECD, a club of wealthy nations that includes Canada and 32 other economies, suggested Ottawa could require home buyers to put up bigger down payments if they want their mortgages federally insured. The government could also consider forcing banks to disclose the sensitivity of their mortgage revenues to rate hikes.
Finally, media stories are starting to confess what the data has been showing for more than two years. The Vancouver bubble is bursting. In fact the recent stimulus-induced bounce (a temporary reverse in the decline that was just getting started) has boosted the peak even higher, which makes looking over the precipice even more vertigo-inducing than it was two years ago.
Nice to see the usually smug Bob Rennie looking seasick for a change...
