Canada's Housing Bubble

Avery Shenfeld research.cibcwm.com

Is this a real boom?
Or just a fantasy?
After the landslide
A move back to recovery
Open your eyes, as stocks set new highs, and see.

After oh-eight’s crash, I need some sympathy
It was just easy come, easy go, as I lost a lot of dough
Money out the window, losses all too painful to me, to me.

Subprime, just killed us all, put a gun against our heads
Pulled the trigger left us dead
But now, a rally’s just begun
Hope that interest hikes don’t throw it all away
Bernanke, oooh, don’t mean to make us cry
If CPI’s not down this time tomorrow
Carry on, carry on, ‘cause only Wall Street matters.

I see a little of a bull market run
Scaramouche, and Canoe, seeing much much fuller tables
Job gains that are heightening, earnings not so frightening
Ben Bernanke, Ben Bernanke Ben Bernanke Ben Bernanke Ben Bernanke let funds fl ow
Magnifi co-o-o-o.

I’m just a banker, nobody loves me
He’s just a banker, from a TARP taker
Spare him the pain if he makes no new loans.

Rallies come, rallies go, will US household spending grow?
Bank lenders! No, they owe too much to grow!
Go borrow! Bank lenders! We cannot lend you so
Go borrow! Bank lenders! We cannot lend you so
Let them go! Cannot lend you so
No No No No No No No
Oh mama mia, mama mia, mama mia loans won’t fl ow
Obama has a tax cut put aside for me, for me, for me.

So you think can run defi cits to the sky
So you think that you wont see the buck weaken and die
Ohhh-bama, can’t do this to us baby
Just gotta buy gold, just gotta get right outta here.

Something really matters, not just S&P
Nonfarm payrolls matter,
Nonfarm payrolls matter, to me.

Click here to read full "A Rockin’ Review of 2009"