"I was out for beers the other night with an ex-pat American friend who has fallen under the illusion that the 'correction' will be softer in Vancouver than it was in the US, that 'it is different here'. What really astounds me is that he is from Detroit, and should be cognizant of the realities of these situations"

cdnprairiedog commenting at Mike Shedlock’s blog 30 May 2010 10:36 am -

“I was out for beers the other night with an ex-pat American friend. He has fallen under the illusion that the ‘correction’ will be softer here than it was in the US, that ‘it is different here’. We are in Vancouver, Ground Zero of the madness. What really astounds me is that my friend is from Detroit, and he should be cognizant of the realities of these situations. The lessons that go unlearned…”