many years to play out. In a market with abundant supply of homes, sellers will lose out. The health of the housing market is best tracked by following the months-of-inventory (MOI) number presented on this site. At current MOI level around 14, it will take some time for the number to improve. This MOI number has to get down from 14 to 10, 8 and then 6 before the market stabilizes. With the Canadian Government curtailing credit to deflate the real estate bubble, real estate prices can only decline. Unless the Government makes drastic changes to the new lending rules, home prices will continue to decline for some time. If the housing down cycle from 1995 to 2001 downturn is repeated, we could experience home price decline and slow sales for many years. The market is expected to have persistently high number of homes for sale, and below average buying interest. Once again we tip our hat to Mr. Wong for his honest, succinct assessment of today's real estate landscape. Sunday, November 11, 2012 On November 15 the movie, "Money for Nothing: Inside the Federal Reserve" will have its world premiere at the International Documentary Film Festival in Amsterdam. After that, the plan is to screen the movie in U.S. theaters in 2013, then release it on television and DVD. Money for Nothing is narrated by Liev Schreiber. It is an independent, nonpartisan, feature-length documentary film. The cast includes prominent Fed watcher James Grant of Grant's Interest Rate Observer. Also