Wednesday, May 20, 2009
Canada in Deflation
This is just an excuse to put up another picture I took today. But, right now I'm taking advantage of the tax credit and getting the patio extended. The men are digging as we speak. Actually, the tax credit is so low that it doesn't make any difference, and this probably applies to all the stimulus measures.
When we are in deflation, everybody just hangs around and waits until prices get cheaper. Not good for the economy. So it's a great time to buy a house, but it is now a depreciating asset, and people are worried about their jobs. So, we might as well build a loser nuclear station, since this is a great stimulus in a zone of about 10 km.
And I really hope that Port Hope and Kitchener are softened up about having a nuclear storage facility. These are my prime locations.