I'm an engineer and my eyes light up when you talk about excess supply. Love Rosie!! He's the best. G'day from sunny Sydney Australia. Thanks James and David. Very interesting.
Yep the wef plan right on track needs global bankruptcy to bring in cbdc etc,, Brics to end usd dominance and bring hyperinflation that will spill over here next yr
@@Leceister4231 it's the wef agenda 21,30,50 plan right on track, stinks, time to freshen the air, learn about it, then do b something like educate others soon, very soon or it will not be reversible
Canada is in the crapper..look at make up of job growth🎉 and there is stubborn adherence to monetary inflation fighting techniques. Trudeau’s father fucked up the economy and guess what, his sons antics are exactly the same. Canucks are way too forgiving and kind.
Wages haven’t kept up with debasement/loose monetary policy that widens the wealth gap by choosing those with assets as winners and those without as losers. That is why most people are struggling, they don’t have enough real wage growth or financial assets to keep up especially the young generations.
Banks should only mortgage 6X median income for the area in which the house is. This prevents the bubble and fomo. The banks provided the rope for the buyers. Above 6X median income then you pay cash. Maybe also a price per sqft range so consumers are not forced to pay riduculous price per square foot to buy 400 sq ft shoebox condo.
The debt-to-income ratio in Canada is actually 180%. Rosenberg was low on the number. It has been exorbitantly high and increasing for a long time. It easy to find that information.
Insightful thoughts. Is Rosenberg insisting on a trickle down policy? If top tier tax should be cut then write offs should also be cut. Let’s make it even steven.
“The majority of Canadians don’t have a mortgage, most of the Canadians are debt free”….and are strapped for spending. Another way to express this is categorizing it into the percentage of people renting without a house and the percentage own a house without a mortgage.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! You raise an interesting point, when he says that it sounds like Canadians are doing very well but in reality they are not.
It's Jimmy Connor, thanks for the comment Joseph and for taking the time to view our content. How bad are things in Australia? Maybe I should interview someone who knows that economy.
Great interview. I am a bit perplexed on one thing - Capitalists are Capitalists only when they don't mess up. And when they do, socialism kicks in - all those massive bailouts funded by tax payers (and even with that bailout money, senior management of those companies get tens of millions of dollars as salaries and bonuses). How can you square the circle - cut taxes and also government spending. The income gap with is already at record high will increase further and that would be a social disaster.
I believe in capitalism but i agree with your statement. You have to let them fail. Government bailouts are not fair to the tax payer. Its a inflation tax and wealth transfer tax really.
Just cut corporate taxes so they can issue more dividends and/or buy back more stock … and at the same time do more consumer-targeted stimulus by the government. The catalyst is all tools in the toolbox that amount to a weaker dollar 🥲.
i would like to see what his thoughts are on the rapid increase in US debt purchases by Canada from 2018 to 2024. Low interest rates near zero from 2018-2023, when Powell jacked up rates. Big unrealized capital losses?
Rosenberg 5 years ago: "We'll have a recession next year" (no recession). 4 years ago: "recession has already started" (no recession) 2 years ago: "the risk is recession" (no recession) 1 year ago: "recession is slamming demand" (no recession) 9 months ago: "recession coming in 6 months" (no recession). Trend here ?
stock market is ultimate leading indicator, yes US stocks are overbought and due for a correction but the market hasn't 'topped' if it is making new ATHs. Frankly, I'd be far more worried about Canada then the US atm. 22m...nailed it
You better believe Canada in trouble when ninety percent of all private sector investment and jobs is created in only one province Alberta it’s not sustainable
“ Nothing is more permanent than a temporary government program “ Milton Friedman. As an unabashed free market capitalist you realize that any government intervention in the economy produces negative results including historical depression
Canada has lots of troubles but high immigration means high demands so i dont think there's a over supply issue. High population is skewing the models. keep up the good work David
High immigration means high demands? They may have plenty of demands but the funds will have to be printed to meet them causing even more inflation. They have thus far been provided free food, clothing, allowances, shelter….. How do you think this will all be paid for🤔?
Lol high demand for Honda civics if that’s what you mean. The immigrants coming in aren’t buying anything. They walk around in pants that don’t even fit them.
Open an fhsa account..by the time you max it out in 5 years , home prices will be 50% lower in this Socialist republic. Transfer of wealth from old to young !
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Canada is not perfect by any means but it is still one of the best countries in the world.
Only FACT is the Sun going to explode in 5 billion years. Other than that everything else is just speculation. Let's now go watch the Stanley Cup Final again.
The economy and stock market are two different things. I think because the stock market hasn't crashed and continues to make new ATH's. That is causing many to view a strong economy. But once you look under the hood. You will start to see some issues.
All we need is a train from Canada across the north pole to Russia and we can join BRICS and the new trading block and finally become wealthy. lol Unfortunately that doesn't seem to be something anyone would fund. So we have to make it alone. And that means organic economic theory, and a library form of government in a completely socialist Internet world. There is no avoiding the reality we live in.
It's Jimmy Connor, thanks for the comment Rick and for taking the time to view our content! You raise a good point we live in one of the best countries in the world, rich in resources we should be in much better conditions economically than we are currently in.
Digital silver in a digital age, litecoin is a digital precious metal, not a security. Litecoin is the oldest coin on the market after bitcoin, since its inception in 2011. Scarcity of litecoin is the key feature of its technology. Everyone tends to flock to digital silver and digital gold, litecoin and bitcoin, when things aren't going well. Litecoin is a decentralized digital commodity, just like bitcoin, but not even close so heavily concentrated in a few hands like bitcoin is. Both have Proof-of-Work consensus, and both have limited supply of coins. Only that litecoin is lighter, swifter, and hugely undervalued against bitcoin. Litecoin (LTC) being a digital commodity provides a decent inflation hedge as well because there will be mined only a limited number of 84 million litecoins in total.
I've kept much of my savings in cash for safety, but I'm unsure if it's right for retirement. Contemplating investing $400K in stocks, as I've heard investors can profit in tough times. Unsure about my next move.
Keeping savings in cash may feel safe, but it might not be ideal for long-term growth, especially for retirement. Consider seeking advice from a financial advisor to create a diversified investment strategy that aligns with your retirement goals.
Yeah, I’m also closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in more profit than some of my peers who have been investing for many years.
This caught my interest. I worry that I have a couple more months before retirement, and I want to switch to using a financial advisor, but I don’t really know how to find one.
*Sharon Lynne Hart* is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
