Comments on: HERE WE GO…Welcome to the BOWEN BLOG http://www.bowenworks.ca/blog/2009/06/15/here-we-go%e2%80%a6welcome-to-the-bowen-blog/ Fri, 18 May 2012 05:33:31 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: Babar Kaiser http://www.bowenworks.ca/blog/2009/06/15/here-we-go%e2%80%a6welcome-to-the-bowen-blog/comment-page-1/#comment-12 Babar Kaiser Thu, 18 Jun 2009 20:31:06 +0000 http://www.bowenworks.ca/blog/?p=23#comment-12 I agree with you. The economy is recovering and in my opinion as oil prices rise (but not too much), things will start to heat up in Alberta. Alberta needs an economic stimulus and it will come through our oil industry. Once all those small players start producing again and the bigger players restart those projects that they had initially put on hold, we will be back on track. This is how the economy works, projects create employment, employment creates income, income increases spending and consumer spending makes businesses profitable, and as businesses become more profitable they hire more people and expand. I agree with you. The economy is recovering and in my opinion as oil prices rise (but not too much), things will start to heat up in Alberta. Alberta needs an economic stimulus and it will come through our oil industry. Once all those small players start producing again and the bigger players restart those projects that they had initially put on hold, we will be back on track. This is how the economy works, projects create employment, employment creates income, income increases spending and consumer spending makes businesses profitable, and as businesses become more profitable they hire more people and expand.

]]> By: Vicki Robinson http://www.bowenworks.ca/blog/2009/06/15/here-we-go%e2%80%a6welcome-to-the-bowen-blog/comment-page-1/#comment-11 Vicki Robinson Thu, 18 Jun 2009 15:30:32 +0000 http://www.bowenworks.ca/blog/?p=23#comment-11 There are definite signs that the economy is recovering. The stock market has seen positive growth in the last 8 weeks and the average portfolio has recovered about 50% of what it lost last fall. There is still a lot of swings in the market but investors are heading back. The other positive sign is that first time home buyers are stepping into the housing market in Calgary. The low mortgage rates and the reduced housing prices are encouraging. As they are purchasing the "starter" homes these are being sold and the sellers are purchasing their next home. This creates movement in the housing market and prices are on the positive swing back up. Despite the gloom and dome of the car industry, there are people who have held off buying a new or newer vehicle that are stepping in and buying now because interest rates are low and the prices are low. All these fuel the market and the recovery. There are definite signs that the economy is recovering. The stock market has seen positive growth in the last 8 weeks and the average portfolio has recovered about 50% of what it lost last fall. There is still a lot of swings in the market but investors are heading back.

The other positive sign is that first time home buyers are stepping into the housing market in Calgary. The low mortgage rates and the reduced housing prices are encouraging. As they are purchasing the “starter” homes these are being sold and the sellers are purchasing their next home. This creates movement in the housing market and prices are on the positive swing back up.

Despite the gloom and dome of the car industry, there are people who have held off buying a new or newer vehicle that are stepping in and buying now because interest rates are low and the prices are low. All these fuel the market and the recovery.

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