DavidofCrypto @davidofcrypto
A politely pissed off Canadian. Father of two intelligent kids in University who I regretfully tell, the best fure for you is not in Canada. Canada Joined August 2020-
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"Inflation didn't arise from war or pestilence... Inflation arose from a government who spent too much and a central bank who printed too much. If the government lived with less, its citizens would live with more." Warsh has been devastatingly accurate in the US... so where is…
Simple Question: Should Government Encourage Higher House Prices In Canada? Because That's What They Did If Government increases limits 50% on their sponsored housing program & make a change to lower payments on the same program What are they telling Canadians? 2/
The Liberals fighting the housing affordability dumpster fire by pouring gasoline on it 🤦 cc. @ronmortgageguy, @BenRabidoux theglobeandmail.com/politics/artic…
From the guy whose government oversaw an irresponsible ramp in non-permanent residents that blew out the rental market.
From the guy whose government oversaw an irresponsible ramp in non-permanent residents that blew out the rental market. https://t.co/S0h59WnQF5
Surprised no one in the media reached out over this. To be clear, Canadian banks are giving mortgages for new condos at +100% LTV which r going on the books at sub-80% LTV and somehow @OSFICanada is okay with the practice. I have the proof. This isn't hard to suss out. Hit me up
Surprised no one in the media reached out over this. To be clear, Canadian banks are giving mortgages for new condos at +100% LTV which r going on the books at sub-80% LTV and somehow @OSFICanada is okay with the practice. I have the proof. This isn't hard to suss out. Hit me up
The way snow is removed in Montreal
The top 10% of earners (estimated average income of $174,000 – $176,000 Canadian Dollars) in Canada do not qualify for a mortgage to purchase the average Canadian home at its current cost of $754,700, per DollarWise. The minimum income required is $180,075.
Currently, Meta owns the trademark for "X" in relation to "online social networking services." However, Microsoft owns the trademark "X" as it relates to online chat rooms and finance. Meanwhile, Twitter wants to make "X" into an everything social network with finance and…
Bank of Canada hiking again. I feel the urge to share this chart: Canada today has more private sector debt than Japan at the peak of the 1990s real estate bubble. Not sure how this ends well for the Canadian real estate market and economy.
Someone please tell me how lower interest rates and higher property values benefits renters? @BNNBloomberg you should be ashamed of yourselves. How would you not even think to question this assertion with basic logic? cc @BenRabidoux bnnbloomberg.ca/bank-of-canada…
Canada’s budget gets a big fat F. The tax bite expands. Spending out of control – an added $42bn in the next 5 yrs brings the cumulative burst since 2021 to $345bn! FY24 deficit’s to balloon to $40bn from last Fall’s estimate of $30.6bn and debt/GDP ratio up to 43.5% from 42.4%.
we’re fucked 😂😂
No, for Baal's sake, SBF did not "f***k up big". He committed fraud. @FinancialTimes, can you get it?
Hey @WSJ fixed the headline, can you fix the rest of the article?
HOW FINANCE SHOULD BE: LISTEN and LISTEN TWICE. This is an experienced trader, of my generation, no-nonsense, down to earth, direct, unapologetic about his scorn of the moronic technoyouth, revealting to us what he told SBF. h/t Mike Harris
HOW FINANCE SHOULD BE: LISTEN and LISTEN TWICE. This is an experienced trader, of my generation, no-nonsense, down to earth, direct, unapologetic about his scorn of the moronic technoyouth, revealting to us what he told SBF. h/t Mike Harris
Good luck with this wsj.com/articles/ftx-f…
There is no problem with DeFi This mess is on opaque CeFi exchanges We should all strive to build more decentralized and transparent systems
Helpful graphic I use for fed policy
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