主题：BMO的房贷按揭利率 -- 菜馆编辑部

Banking financing cost is too low now. European and American capital inflow has artificially depressed the 5-year Canadian treasury rate, making it still marginally profitable to lend money at 2.99%. You need to talk to bankers in Toronto, esp., those high-level ones. Low-level staff have no clue, but they are now under tremendous pressure, esp., in the retail lending and commercial lending divisions.

Canadian banking industry just repeated the American experience in 2005-2006. so is the housing bubble. The only good thing is that the Canadian shadow banking system is much smaller and Canadian regulators are not sleepy. Therefore, bubble deflation could be much less painful.

As to Romney, I have pointed out long time before that he will be the final contender.

But he is going to face a divided Republican constituent base and I am not sure whether some Republicans will vote for a Mormon.

If he wins, America's fiscal bomb could be fixed a bit earlier. And America will regain its global dominance earlier. Maybe by 2020, America will come back to what it was in 1992.

If Obama wins, which seems to be more likely, America's fiscal bomb will continue ticking at an even faster pace and Obama will be the destroyer of the American empire.

By 2016 or 2017, we should worry about another major global financial crisis due to this idiot talker of changes.