Monday, May 31, 2010

"Vintage" Jelly Roll Dress

I hope that you all had a lovely Memorial Day Weekend. Ours was very "eventful." Nothing how we planned it:o) Of course things never are;o) I had plans to do all sorts of crafty things on Saturday, but my hip went out, so I spent most of the day laid up in bed while the hubs "watched" the children...let's just say that chocolate milk was involved and I wish that we had had padded walls at the time;o) Anyway, before the ole hip decided to go berserk, I was able to make S.R. a precious little jelly roll dress. The fabric is pictured here in this post. Vintage was the name....and I LOVE IT! I wanted her to have a special dress for her cousin's graduation, so I decided to finally make a dress out of the jelly roll that has been sitting in my craft room ever so patiently awaiting the day it would become something Fan-Tab-U-Lous...
I think it turned out so sweet. My little darlin' just loved her new dress. She had to try the dress on several times for me to make sure everything was fitting properly. The last time I had her put it on was for me to figure out how much to take up the bottom for the hem...she had a conniption fit when I had her take it off...it was UGLY. She didn't want any part of taking off her new pretty dress. Needless to say, I did get it off of her and did get it hemmed. She is so proud of this dress and so am I;o)
The back view...aren't those little curls the sweetest??? That's the only thing she got from me;o)
The blue blur in the photo was a toy being dropped. She likes to be on the move, so catching a shot where she is still is near impossible.
The matching head band. She really liked this too. I think she's catching on....accessorize, accessorize, accessorize;o).
Another shot of those curls....LURVE IT!
Have you used a jelly roll lately? I would love to hear and see what you have come up with:o)

All eyes on the Bank of Canada

With GDP YOY growth at over 6%, the highest of the developed countries.

With the jump in personal debt spurred by zero rates.

With the bubble in housing across Canada, not just in Vancouver.

Will Carney and his band have the balls increase 0.25% tomorrow? Remembering that neutral would be nearer 3%

Tuesday, May 25, 2010

Cherry Outfit

Here it is. Remember me telling you the other day that I visited a high end children's clothing store and found the CA-UTEST cherry outfit. Remember I said it was over $70? Well this is my version. It's not exactly the same, but it's close enough. I had a pattern that would have matched perfectly, but S.R. is 2 inches too tall for that pattern...my lil girl is growin' up:o( So I used another pattern I had on hand. I LOVE how it turned out.
Since the fabric is so thin, I made pants instead of capris. I think the ruffles are so sweet. 
 To make the cherries, I ironed on some stabilizer to red fabric, used a circle stencil, cut them out, and appliqued them onto the fabric. I used itty bitty ric rac for the stems.
When we were in the store, S.R. loved the bow on the front of the other shirt, so I had to make sure I put it on this one:o) I really wanted cherry buttons, but Walmart didn't have any, and I was too lazy to drive around town looking for some, so I used green buttons that I already had. Here's a close up of the medium ric rac.
While shopping at a consignment store the other day, I ran across this hairbow and had to purchase it.
Can we say perfect???
Speaking of hairbows, check out these sweet little things...
Are those not the cutest things??? Thank you Sheila!!! Now I have to make froggy outfits for S.R. That doesn't hurt my feelings one bit;o)

Monday, May 24, 2010

California Dreaming...

Super Cape for a Thomas the Train Lover

Well I survived the weekend. All I can say is WOW! I am sooooo glad that it's Monday. There may be a few of you out there that are saying to yourself, "What is she thinking???" Just trust me:o)This week is so much slower paced than the past 2 weeks have been. So now I will be able to post more for those of you who have nothing better to do at work;o)
So here is the super cape for the  sweet little boy across the street. He LOVES Thomas, so I figured I would use Thomas fabric. I will have to say, I think this is the best super cape I have made thus far. Not to brag or anything;o)
I finally figured out how wide to make the zig zag stitches to make it look really clean. I think it was 0.3mm x 4.5 mm...something like that. Anywho...it took me a while to get his name on the yellow fabric b/c my machine only embroiders a 4"x4" surface area. Stinks, but I am grateful for my Brother(machine that is...I am grateful for my real bro. too):o)

Just your basic red fabric for the interior with a velcro enclosure. I think his mother was more impressed with the cape than he was;o) E was the same way. It took him a year before he would wear his:o) I got him to model Stephen's cape for you guys:o)
 Sportin' the Buzz Lightyear jammies. He LOVES those things...thinkin' Ima gonna have to go get him some more...just in case he goes thru ANOTHER growth spurt.
I can not WAIT to share with you S.R.'s new outfit I made for her in tomorrow's post. I. LOVE. IT!! And I found a matching hair bow on Saturday. EEK!

Sunday, May 23, 2010

Did China just Blink!!

Ok folks forget my last post.

It looks like China has the Western disease. They cannot quite bring themselves to burst a bubble. You see, there is no property tax in China, so a lot of wealthy people buy homes and just sit on them. They don't even rent them out so they can stay pristine. It's like a property savings account.

The carrying costs are low..due to low interest rates and no property tax. Well the Chinese government who has always been tough and heavy-handed with speculators in the past said the tax was a-coming. Not fun if your holding half a dozen apartments in Beijing. God forbid- you may to sell one of them.

Well they may have blinked.

Tonight there are reports that the tax would be delayed for three years. Shares are soaring on the Shanghai exchange, led of course by property companies.
No one has the guts to kill or even pluck this goose until the dang thing is so big, that it plucks us!

DID CHINA BLINK?

Friday, May 21, 2010

Brace Yourselves...

Chinese RE melts down


This is what happens when a government decides to burst a speculative bubble.

Of course our governments can never do that. There would be too much of a back-lash from all those who would lose out..so much better to do whatever they can to keep bubbles inflated.

Yes, that's a much better policy. Pass that hot potato along and hopefully it will burn the next administration.


The problem is we never know what the fair value for an asset is when policy makers have decided that the asset needs to be supported at all cost (and future liability via the CMHC)

More and More Projects

What a week! I have hardly had time to think straight let alone post anything. Things around here have been super busy, and I am so ready for Monday to be here. This weekend we will continue the nut-so insanity:o) So to ease my mind with the upcoming weekend, I purchased MORE things for me to do...I have no sense! But I am so excited about these projects. In fact, I finished one last night.
Last night's project involved the top 3 fabrics in the above picture. I made another super cape for a special little guy across the street who is celebrating his 3rd birthday tomorrow. I am really happy with how it turned out, and will share the finished product on Monday. Don't want to completely spoil the surprise;o) The bottom fabric is for S.R. I saw the CA-UTEST outfit on Wednesday in this little boutique shop with red and white gingham. They wanted 70-something bucks for it. I am going to try to duplicate it...can't wait for that one either! Thinking I will work on it today. I also found this fabric at Walmart:
Since the little guy across the street is a Thomas the Train fan, I figured it would come in handy:o) And check out the price I paid for it:
You  read correctly...47cents for a yard of fabric. THANK YOU VERY MUCH! I love those little remnant bins:o)
 I. LOVE. JELLY. ROLLS! We don't have a Joann's here, so when I went to visit the fam, I made sure to make a pit stop to see what goodies I could collect. I didn't have a whole lot of time to browse, but I did find this jelly roll with some sa-weet fabrics. I have a few ideas on what to make sweet little S.R. with this fabric. I also found this fabric for E.:
He is definitely ready for me to make something with this. I am planning on making a rag quilt with it. Hoping to get started on it very soon. I'll even do a tute for you guys so that you can make one yourself. They are super easy. The plan is to have it lay across the bottom of his bed.
Well I hope that you all have a wonderful weekend, and I will see you all back here on Monday, that's if I survive the weekend:o). Remember that the wallets will be available for purchase thru Sunday, and then I am going to move them to Etsy. Holla!

Tuesday, May 18, 2010

Wallets for Flood Victims

 I told you about a week or so ago that I wanted to make a few wallets with the left over fabric for the grad gifts. I also said that I wanted to sell them and send the proceeds to the Red Cross. Well here they are. I decided to name them after the grads that I initially made them for.
The Carley:
Sold.
Here is the inside:
The Jessica:
With Bow or with Flower
The Ashley:
With ruffles
The Samantha:
with bow or ruffle
All wallets come with a cash pocket and 6 slots for credit/debit/store cards. I am selling them for $20 each, with FREE shipping. What is pictured is what I have to offer. If there is enough interest, then I will consider taking special orders. I accept paypal, and have the  "Buy It Now" Buttons on the top left of this page ready for purchase. I have also included a "Donate" Button if you don't want a wallet, and are only interested in helping the flood victims.(Hopefully I did it right:o)) If you have any questions, just click the Email button, and send me a message. I will reply as soon as possible.
ALL proceeds will go to the American Red Cross for the flood victims of Nashville, TN.
***************
The sale of these wallets will end on May23rd.

Monday, May 17, 2010

In answer to Chad...




I think Chad's point in the last post's comment section was that inflation was rampant from money-printing CBs and zero rates therefore Gold, which is limited and Vancouver RE which is also limited should be priced against each other. At least I think that was his point.

And he said that gold was indicating inflation.

Well the graph above shows inflation for the US. Even if assume some manipulation, there is no inflation.... and apart from China, I think the chart would look the same for most large economies.

Meanwhile here is gold over the same period:

http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=3&mn=0&dy=0&id=p52154258457

Not much of a correllation.

The only thing we should measure Vancouver RE against is:

1) Local earnings

2) The cost of carrying debt

3) Government incentives to buy

4) Add in a % for Out-of-Province buyers. eg Albertan retirees and Asian buyers who may not show up in the earnings stats.

1) is way off the charts. 2) is as low as it can get. 3) the government is coming to it's senses after helping drive us into this bubble. 4) who knows?

I do think the end game for all this debt, and we are amongst the most indebted in the world, is high inflation to wash it away. However we are some way from that.

A winner, and Grad gifts

I want to say a special thank you to CSNStores.com for considering Fussy Monkey Business to host the gift card give away. We had good participation, and even got a few new followers out of it. Welcome new readers!!! So I used Random.org, and it generated #10, which is Carolsue! Congratulations!!! A CSNStores.com rep. will be contacting you soon!
I hope that you all had a great weekend. I surely did! I got to spend some time with my family. This is the first time in 6 months that we have all been within a 10 mile radius of one another:o) We got to take the kids to the zoo and to a baseball game. They had a FAB time! 
*****
This time of year is crazy wild when it comes to social gatherings. And those social gatherings usually involve bringing a gift. Graduations and birthdays hit us hard this time of year. So I have been working hard at getting gifts together. Today I am sharing with you another one of my drawings. Alabama fans...avert your precious little eyes;o) My friend Amy just graduated with her Masters Degree. WAY TO GO AMY!!!!! She is the kind of friend that everyone would die to have. I have never met a more strong, caring and giving woman. Amy is a HUGE University of Auburn fan...I know, try not to gag;o) Although I am not a true Alabama fan, the hubs is..hence the Bama themed office...he actually scoffed at the idea of me drawing a tiger:o)Anyway, I drew Amy a tiger. 
I don't think it turned out as well as the elephant I drew for the hubs, but this one was a lot more difficult. I had fun drawing it, and she said she liked it....:o) Regardless, I'm very proud of her and her accomplishment!!
 I will have the wallets posted tomorrow. I will be selling the extras for $20 each. All proceeds will go to the Red Cross for the flood victims of Nashville, Tennessee.

Friday, May 14, 2010

The SEVEN year ITCH....


Speak to old time Realtors and investors in this town and they will tell you about the seven year cycle.

Now it is not an exact science like aeronautical engineering, but it does seem rather interesting that RE tends to top and bottom in 7 or so year cycles.

It would be even more noticeable if the price chart was adjusted for inflation, since a flat year would in fact be a price drop. However even on a regular chart it is pretty obvious.

Take a look above. Our first top is 1980-1981. The bottom came around 1987-8. The next top came in 1994-5. We then had a perfect drop to 2001-2. Finally we had a peak in 2008 exactly where you would expect it and then....??!!??

Has the seven year formula failed us? Has it just been delayed by zero rates?

I am moving more towards a 5 wave structure. The third waves are the most violent up-moves.
We have that from 2001-2008. Then we get a 4th wave drop and finally the last 5 wave to top the pattern. No-body knows where and when fifth waves top.

Like I said before, the stage is set for the start of the drop this year. We have listed the reasons a million times, the same crazy number that the average detached house sells for in this crazy town.



Thursday, May 13, 2010

Another Give Away!!**Now Closed**


Hey Guys! I have been working on some projects for the past few days, and I am going to have a lot to share with you next week. So to hold you over until then....we have another AWESOME give away! CSNstores.com has graciously offered a $40 gift certificate to use in one of their 200 + websites!! You have gotta check this site out...Tis da bomb! You won't believe what all they have to offer!! They have THOUSANDS of items to choose from. Items for all your needs: Home Improvement, Housewares, Home Decor, Furniture, which include some fab entertainment centers, outdoor furniture, and so much more. You could spend all day at csn.stores.com. They have some great prices on great merchandise. Here are a few of my favorites:o)
Loving this little girl's bed! Isn't it precious??
 I really like this one too! Def. a princess bed:o)
And check out this fan-tab-u-lous entertainment center!
Isn't this cute? I L.O.V.E. Melissa & Doug toys!!
I'm telling you, they have it all!
So here's how you enter: Leave a comment of what your favorite item(s) are at CSN stores. If you are a follower of Fussy Monkey Business, you can leave 2 separate comments. If you are not a follower, well just simply click the "follow" button. Super simple. This give away will close Sunday, May 16th at 7 p.m. The winner will be chosen by Random.org, and announced on Monday the 17th. Opened to U.S. and Canadian residents only. Looking forward to hearing what you fave items are!!!
This Give Away is now closed.

Monday, May 10, 2010

TIMBER!

OK - this post isn't what you think. Housing is not ready for the big drop yet.

This coast used to be known for it's old growth of gigantic Douglas fir. They rose high into the sky, as far as the eye could see. They looked like they touched the sky.

To log one of these trees required great expertise and courage. Loggers were veritable mechanical engineers, able to judge what type of cut would bring down this huge edifice where they wanted it, without harming themselves or others.

It required a complex series of cuts first on the side that the tree was to be felled and then on other side.

Loggers actually stood on stakes driven into the tree to help them. The tree was solid and would not fall despite being cut nearly half way through on one side and nearly a third on the other. Suddenly, with one more chop, it would happen! The weight would shift towards the fell side and the tree would start splintering and like a colloses it would crash to the ground.

It could get caught in another tree, but often this was just temporary. It would often bring that tree down with it too.

So we go in RE.

The cuts have been made. Incredible lack of affordability. All time lows in rates. CHMC changes. We are waiting to see when the tree will be felled.

Think 2007/2008.

We had a gradually worsening economy..no big deal. We had the bankruptcy of one the US'd largest investment companies..our RE hits new highs. We had the US in a full-scale RE collapse...yawn.

Then we had a rising inventory...hmm. Price changes out-numbering sales..sweaty arm-pits. MOI started to sky-rocket into the double digits and then over a year..nausea time. Then it suddenly fell.

Dropping 15% or so in a matter of months.

The CHMC shenanigans, the zero interest rates and the boom in Chinese RE were the tree that snagged it up and kept it from having a good roll-over. These are breaking down.

All eyes on inventory, MOI and price changes.


Dragon Fly Painting

I hope that you all had a wonderful Mother's Day. Mine was spent with my mother, and we had a very pleasant weekend:o) Before I went to visit her, I went with my friend Amy to one of the local Winery stores for Bottle and Brush. Bottle and Brush is a really fun experience. Mind you, I didn't "experience" the bottle part, just the brush part;o) A local artist instructs you on how to paint one of her creations, while you are turning back a few. We brought our own non-alcoholic drinks, of course. You could definitely tell that some of the women had had one too many. Some of the dragon flies looked more like dragons:o)  I think Amy's turned out better than mine:o) I wish I had a picture of hers to share with you. 
We had a really good time, and I hope to do it again soon:o) My master piece is now hanging in S.R.'s room, and it's starting to grow on me:o).
**I have lots of laundry to catch up on, so I better get to it. I hope you have a FAB day!!!

Sunday, May 9, 2010

Once Upon a Time...

There was a beautiful little country with delusions
of grandeur.

It decided to host a magnificent Olympic games. It spent Billions on security and festivities and managed to keep the poor and dirty out of sight. Despite a few small glitches, everyone agreed that they had put on a great spectacle which would never be forgotten. The leaders got to feel very important and everyone felt very proud.

Then the costs started to come in for building the huge edifices and for all the security, and they were ruinously high.

Especially for a country which already spent so much on a safety-net, and social issues like health and education.

"Don't worry, we can afford it" Their leaders told them.

Some people made fortunes from Olympic contracts. Five years later the country was in economic turmoil. Six years later it was bankrupt and there was rioting and deaths in the street.

That country is Greece. Can you recall the year of the Olympics without counting backwards?

Not that memorable, and certainly not worth the cost.

Friday, May 7, 2010

Baby Pool Converted to Sand Tub

First off, I want to congratulate Cayce again for being the winner of the ruffle wallet give away. Speaking of which, I have a few fabrics I purchased yesterday, and if you are interested in any of these prints, I will be making wallets and selling them for $20. All proceeds will be given to the American Red Cross for the Nashville, TN flood victims. Just shoot me an email if you are interested. If not, I'll sell them on Etsy.
Also, here's an interesting tidbit I read in the Lowes mag. the other day. Flies hate the smell of Basil. We live out in the country with the cows. And where there's cows, there are a ton of flies. So I purchased some basil and I'm looking forward to it growing big, and hopefully warding off those little pests. I'll let you know if it works:o)

Now for the actual post. I have been very interested in getting a sand table for the kids to play with. They aren't exactly cheap, though. I was ready to purchase one, got to Walmart, and they said I would have to order online and have it shipped to the store...fat chance. They saved me 70 bucks by not having it in the store. So then it hit me, I have a cheap-o baby pool, you know the kind you get from Babies R Us for $5? I decided to fill it with leveling sand...cuz it's cheap, and have a ready made sand tub. Total cost for this sand contraption: $3.50. The kids love it. And I really love it, since I saved so much money. I plan on buying one of those pool covers, the kind that are made of tarp and elastic, they're pretty cheap, so I can keep the elements out.
 The great thing about this is that it's so small, if it does rain before I get the pool cover, I can pull it under our covered patio without any trouble. So that's my tip for the weekend:o)
**************
I hope that you all have a wonderful Mother's Day!

Thursday, May 6, 2010

We Have a Winner!!

Congrats to Cayce for being the winner of the ruffle wallet!!!
Thanks to all of you who entered. Cayce, shoot me an email with your address so I can get it to you!!

Wednesday, May 5, 2010

Unprecedented

I have never seen so many banks come out with warnings about one asset class.

One by one the economics departments of the big banks are coming to same conclusion that we came to on the blogosphere...that RE is in a bubble and is not sustainable.

Here is the latest from TD (via Reuters and then Yahoo). By the way I think they are optimistic with their forecasts. An asset class that has gone up sooo much doesn't usually just correct gently- unless of course the government interferes again.


Canadian home prices to fall in 2011: TD report
Wed May 5, 1:46 PM


(Reuters)TORONTO (Reuters) - Canadian home prices will likely fall modestly in 2011 as rising interest rates reduce people's ability to buy, Toronto-Dominion Bank said on Wednesday.

The bank's economics group said the outlook for next year has reversed course from earlier forecasts for rising prices, partly because government bond yields have risen faster than expected. Also, markets now expect the Bank of Canada to start raising interest rates in June rather than July.

It said listings this year have been stronger than it had thought, and market balance, as a result, will be "somewhat softer" next year.

In its previous forecast, TD said it expected home prices to rise 10 percent this year, and a small bump in of 1.6 percent in 2011.

TD's forecast for 2010 is largely unchanged at 475,000 transactions with an average price of about C$350,000 ($339,806).

Its updated view for 2011 calls for a modest pullback of 2.7 percent to C$339,700, with seven out of 10 provinces experiencing lower prices. Nationally, sales of existing homes are expected to slip in 2011 to 420,000 units.

British Columbia and Ontario are expected to have the steepest declines, down 3.4 percent and 3 percent, respectively. The three Prairie provinces may have small increases of between 0.5 percent and 1.2 percent, TD said.

($1=$1.03 Canadian)

(Reporting by Ka Yan Ng; editing by Peter Galloway

Giveaway Announced...50 Followers!!

I want to say thank you so much for being interested in what I have been doing these past 4 months. I am so excited to have 50 followers...makes my heart swell with pride:o) Hopefully you have been inspired to create some crafty stuff after viewing Fussy Monkey Business. So here's the giveaway. A wallet made by me. Here are a few pictures of the goods:
The Front View
The Back View
The Inside View
...and no, the cards stay with me;o) 
The wallet has 6 different slots for credit/debit/whatever cards. There is also a place for cash. I'm thinking I'll be making some more of these as grad gifts, maybe with a little cash inside:o)

Here's how to enter...Just leave a comment. Leave as many as you would like. This give away is limited to followers of Fussy Monkey Business, but it's so easy to become a "follower." All it takes is a click of the mouse;o) This giveaway will be closed Thursday 5/6 at 7 p.m CST.
Good luck to all!!!
This Give Away is now closed.