Retail Trader, self-teaching technical analysis and macro. Masochistic bear in rehabilitation.
The Great Way is not difficult for those who have no preferences
I was sharply criticized for expressing skepticism that Trump's peace deal might not be viable, because one of Iran's conditions was something USA couldn't deliver - Israel standing down on Lebanon. Israel had been clear on this point before the deal was signed, and said they didn't intend to be bound by it. So this should come as no surprise.
@RandPaul No one gives a fuck about peace, we kill babies here and steal their futures. We just want lower energy prices and less inflation in the assets we don't own.
Mark Carney basically announcing a bail out for Vancouver and area developers;
Too many completed condos sitting empty. Metro Vancouver alone around 2,500 finished units are standing vacant with no buyers.
They don't want to sell at a loss, they can't afford to hold those empty units indefinitely.
We will convert vacant condos into affordable housing. We're going to go use the right financing mechanisms, convert those into affordable housing so people can move in and use that."
Greed and horrible municipal planning has led to building overpriced shitboxes that no one wants.
Now Carney will reward that with taxpayer dollars instead of letting the market solve itself by bringing the prices down.
Absurd intervention.
I thought he was an economist??
Video footage posted earlier on Chinese TikTok shows the moment that a Russian surface-to-air missile suffered a major mechanical failure during today’s large-scale Ukrainian drone and missile attack against Moscow, causing the missile to strike and blow the top off of a tank at the Moscow Oil Refinery.
If the US weaponizing the USD will encourage countries to look for other options, then Iran weaponizing the Strait will encourage countries to look for other options.
It goes both ways...
@MarkJCarney If you subsidize supply by debasing the currency what difference will it make? You need to give the value of the currency consideration. Running huge deficits to run programs like this inevitably pushes prices higher by devaluing the Loonie.
Only works IF you can pay for it.