It's not fair that prices have risen so quickly -- so rapidly -- because the product that is for sale was purchased (before the hurricane) at prices that were much lower by the companies. So there's some profiteering going on here,

House prices in San Diego have risen much more rapidly then in the U.S.. But, I think we can explain housing prices in most places, and if they're explainable that means we don't have a bubble.

For the last few years, buyers often outnumbered the supply of homes for sale, allowing prices to escalate rapidly, but that's no longer the case.

The downgrade reflects our concerns about Wolverine's exposure to rapidly rising copper prices, which have risen by about 50 cents per pound since the end of the third quarter of 2005 and about 20 cents per pound in January 2006 alone. We expect that higher copper prices would result in a continued drain of Wolverine's liquidity and that Wolverine's credit metrics will remain very poor over the near term as the company continues to face high copper prices.

If fuel prices had not risen to record levels, we would have achieved it.

Unfortunately it has become clear that Paul Martin and his team are not cut from the same cloth as Lester Pearson or Pierre Trudeau. And so, most Canadians think it's time for a change.