reverse what you said olz about 20 mins ago

Question for Rich. You said the govt borrowing in 2920 was all short term borrowing. So are they now re negotiating that massive borrowing ?

Twinkies be damned, It was (Canadian) Vachon Billet logs for me, Keith may know what I mean.
Love the show and I continue to look to history (with current debt levels) for guidance.
If the three amigos ever do a GTA event I'm in.
Look forward to your next installment.
Peace.

Hey boys, had a suggestion that I would love to see. For these housing markets, maybe putting a couple figures into per capita numbers would really be telling.

Watching crypto get rekt is fun. All of a sudden government regulation and oversight doesn’t seem so bad.

Blackrock set up an office in Toronto before these increases. Dont forget that

Baffled me how two great minds had no idea what #JWST is..

Thanks Rich for the shout out!

Housing bubbles are demonstrably a weapon that has been used by someone for decades.
Japan
2008 numerous countries
China?
ECB forcing real estate loans in Germania

When the Twinkie guy said central banks should be independent and technocrats should run things, I was going to put a note in to suggest "Princes of the Yen" to disabuse him of this "idea" and to send the Austrians back to Austria.

I was so happy to hear that you read the book!

You need to get this guy a copy of Princes as soon as possible.
Chapter 17 about how the IMF engineered the Asian crisis.

BTW I am not an advocate of MMT, I am not a coMMunisT

Let the freakshow begin…if you bought in the last 10 years……F you suckers….sit back people….buy cheaper….its coming….be patient….its going to be a mess…..love it….lolllllll

Central banks have a big toolbox. But it only has one tool….the 'Giant Interest Rate Hammer'. Thats it. (Good show;)

Lmao. Look at Steve he’s about to cry. Listen dude the Interest needs to go up. Why? Cuz too much free money was printed in the last 2 years. All those homes jumped 50% during these 2 years. The BoC never told you to overleverage yourself & get a huge mortgage.

I called 1.0%. The boomer is out of touch. Also: 1.25 sept, 1.50 Nov, 1.75 December. Get it. Rates have to eclipse inflation and Germany goes cold this winter with energy driving inflation into next year.

Keith guy looks more like a Gen Xer. I know millenials and zoomers don't know we exist😆

Lool love Rich man

Whats happening to farmers in the Netherlands is about to happen here. Sri Lanka anyone?

Lmao by far my favorite episode yet. So glad the question was asked if they're trying to crash the market on purpose. Steve actually referred to the "conspiracy theory" of the great reset lmao. And of course the boomer says naaah it's just collateral damage lol. Hey man the conspiracy theorists are up 20-0 right now lol. There's no way this wasn't done on purpose

Keith knows what is coming…..do you know 1988 video circulating discusses in detail Russian have had DEW weapons since 1960 yet Reagan/Gorbachev made it seem like USA was in at least an equal position when disarmament meeting happened back then ? Reason I am pointing it out is because BRICS intends to have a competing currency backed by gold soon as Fed tries to put emerging markets into default then seek their assets through their proxy military. Good luck if true about DEW !!

I’m not much of a conspiracy theorist, but I have this feeling* (Read: complete, utter speculation) that the BoC went 100beeps just to see the three amigos smash twinkies.

I don't sense economic downturn. Just go to any mall food court walk around Robson st. Full of ppl . TRY booking hotels anywhere.

Does anyone know how much Canada holds in US dollar denominated debt? Short-term vs long-term? I also heard that the US issued us a swap line during the GFC to save our housing market. Thoughts / Comments … The idea of the US purposely engineering a rising dollar to crush China would be irresponsible. So many other countries would become collateral damage. Albeit, highly doubt the US really gives a rats you-know-what about anything but its own self interests.

US dollar is coming home. No longer needed in China, India and half of Europe for the purchase of energy. Only the Ruble needed. Who is our biggest trading partner? We will be feeling it the most in the world. Hyperinflation is coming, which will lead to a depression. Good luck to all.

1% is both huge and meaningless. They are reduced to pretending to do their job. Maybe they are preparing room for coming recession, but how do you cut with inflation so high. This leaves me with the last scenario. These Keynesians only know how to ride a Ponzi. Maybe they came to conclusion that in order to stay relevant they have to kill at least one Ponzi to ride it another day. Most likely though these are Keynesians who distorted what their prophet was preaching so much that they run out of options, and nothing makes sense anymore. ECB just announced they are prepared to buy unlimited amount of bonds to save the market from imploding. Sounds to me like a die hard arch Keynesian in his bunker before it's all over.

The idea that all central banks are not beholden to a higher power is just crazy. The very people that physically create monry can't control it? Wake the f*** up.

Sooooo happy I invested so heavily in energy positions. So everytime Rich plugs oil I feel vindicated in my choices.

🎉

Keith, what’s your favourite currency to invest in right now?

Remember, I made a comment on one of your last videos that I hope the interest rate rises to 10%. You greedy fucks. I hope it does.

Great video… Do you think there will be 200 basis point hike in this year? What will you suggest for people who have 3.5 floating variable ? Do you think they have to switch to fixed 5.2 now?

I really don’t think he picked up on the afternoon delight segment of that 😂 haha

Neutral rate….holy Christ you guys will believe anything. Not you Keith, you get it.

What ordinary citizen can afford 3 to 4 thousand a month payments? Obviously something is totally whacked.

Cool shirt, Rich.

Keith: "Keynesian economics is over."
That would be nice.

Curious Keith are you one of the lads from the Miramichi? former Nelsoner here

When a house in Brampton costs more than a similar one in London, Tokyo, New York and Paris then you know that we are in a massive bubble

Great show guys .people that got a verable morgage in the last year may get triggered , with another 1.25% intrest rate increase .

Reset. Home Prices – a joke. 1% interest rate every conference. 15% Inflation. FIRE – Refresh.
All Levels of the Governments – YoYo YoYo YoYo.

10:55 … Rich, Is this not a consequence of a "credit expansionist economic policy" one of the main reasons fiat currencies exist ?
The problem with this policy is that if allowed to expand to far , when you try to rein it in or cool it off you run a huge risk of imploding the thing up.
This is what we are seeing in real time today , there is soooo much leverage in the system that even small interest rate increases send huge shockwaves through the markets ?

It is always a good surprise when I see a new episode of your show. Thanks for the excellent work.

Thanks for the show

The Band BTO….. "You ain't seen nothing yet"
GTA Real Estate is going to see a bloodbath of so-called 'equity' evaporation/wealth effect consumer spending collapse.
So much for the GTA Real Estate Market NOT being built for 5% Interest Rates ? …. the rest of the entire Country/Economic/Financial system is NOT built to handle 4-5-6% or even higher inflation ?

Come on guys, I have limited economic knowledge and even I can see that this is completely engineered 🙄 Unlimited printing “inflation” devaluation of currency/savings. Zero interest “bubbles” in housing, tech and equities. Then raise interest high enough to pop the bubbles but not high enough to quell inflation 🧐 how 80% or more will own nothing! 🤷🏻‍♂️

Commodities are in a bullwhip effect.

Isn't it more likely that Tiff has an inside view to what the Fed is going to do to save the Democrats from a wipe out in the mid terms? i. e. won't the Fed raise their rate by at least 1%?

Yeah the central banks want to fight inflation with a recession but Freeland wants to fight it by increasing government spending. ??????

Love the show guys! Ps: I’ve been playing a drinking game where I take a shot of inflation whiskey every time Steve says, “basically”
I’m wasted. Jks, keep up the good work boys!!!!

LFG! Drain the swamp that is Canadian Real Estate!!!

You all were wrong!