Jesse Houston

livin the dream

[3D Bull Riding @3D_Bullriding]

🤟

[Jesse Houston @JesseHouston12]

This is insane!!!

[Benny Johnson @bennyjohnson]

Raise your hand if your house looking like this on the 4th of July 🙋🏼‍♂️

[Brad @williamsbrad4]

Let’s go to the polls!

[Dan Knight @DanKnightMMA]

#article Well, my friends, here we are again. The Canadian government, in all its infinite wisdom, has decided to play a round of what I like to call "financial juggling". It's like regular juggling, only when you drop a ball, it explodes, and we all get to pay for the clean-up.

Let's get into the meat of it. They're looking at a proposal to consolidate the Canada Mortgage Bonds (CMB) into the government's general debt program. Now, doesn't that sound thrilling? In simple terms, it means the government wants to start financing a hefty chunk of the country's mortgage lending out of its own pocket. The CMB market we're talking about here, by the way, is not some small change found under the government's couch cushions - it's a whopping $260 billion. That's billion with a "B", folks.

But here's where it gets even better. The government, in its pursuit of becoming the next big Wall Street tycoon, is hoping to profit from the yield spread between its own debt and mortgage-backed securities. If that sounds familiar, it's because it's eerily similar to the antics that led to the 2008 financial crisis. You know, that small hiccup where the global economy nearly imploded? Good times.

Back then, U.S. mortgage lenders went on a lending spree, wrapping up all those risky mortgages into a neat little package called mortgage-backed securities and selling them off to the highest bidder. When the bubble burst, it was a financial mess of epic proportions.

Now, I'm not saying the Canadian government is dealing with the same subprime boogeyman that haunted the U.S. But the concept of taking mortgages, bundling them into securities, and selling them off? It's a little like seeing someone juggling chainsaws and thinking, "I should give that a try!"

Moreover, we've got experts warning us that if lenders find it harder to sell these mortgage-backed securities, that could drive up costs which would, of course, get passed on to the poor home buyers who are already grappling with high interest rates.

And let's not forget, if the government decides to print more of its own bonds to fund this high-risk circus act, it could drive up the yields on all government debt, hiking up overall debt servicing costs. Seems like a steep price to pay for a front-row seat at the financial circus.

In a nutshell, folks, while we're not looking at a carbon copy of the factors that led to the 2008 crash, there are enough similarities to make you raise an eyebrow. It's a stark reminder that when the government decides to dip its toes into the financial markets, especially when it starts to look like a Wall Street wannabe, we should all be sitting up and paying attention. After all, when the chainsaws start to drop, it's a bit late to wonder if juggling them was a good idea.

#cdnpoli
#cdnpolitics

[Jesse Houston @JesseHouston12]

@prattprattpratt Jimmy!

[Brad @williamsbrad4]

#PierreForPM

[Jesse Houston @JesseHouston12]

@noisyrandy It’s ok, it’s a Yamaha they aren’t going far

[Brandon Taylor Moore @LetsGoBrando45]

Brilliant speech addressed to our ‘woke’ youth fighting #climatechange by Konstantine Kisin.

[Kenaston Blizzards SHC @SVHLBlizzards]

Thanks to everyone who shared our post, close to 15k views! But the goalie bag hasn’t made its way back home. Who the hell would want to keep it. seriously! do the right thing and drop it off at the rink! I’ll throw in a case of #GW #O16 for your troubles!

#svhl #seniorhockey

[Jesse Houston @JesseHouston12]

@TaylorMadeCA @THFineArt @williamsbrad4

[Jesse Houston @JesseHouston12]

@williamsbrad4 You might be the friend lol

[Jesse Houston @JesseHouston12]

My wife and a friend!!!!!!

[Calgary Flames @NHLFlames]

Guys, OUR HOME OPENER IS TOMORROW!

Wanna come to the game?

- Follow us (duh)
- RT this post
- Reply with who you would bring to the game

Entering is that easy! We'll randomly draw a winner at 12 PM MT!

[Jesse Houston @JesseHouston12]

@noisyrandy Bingo 👉👃

[Krista @Krista_B_85]

I wish I loved anything as much as Saskatchewan loves a good booze basket raffle fundraiser for minor sports teams.

[Baytex Energy @BaytexEnergy]

$BTE, $BTE.TO, $BTEGF We are honoured to participate in our nation's recognition of Truth and Reconciliation Day today.

#TruthAndReconciliationDay2022 #futurefocused #NDTR2022

[Juno News @junonewscom]

"The most dangerous aspect of our society is the sheep"

Breakfast Television co-host @Sid_Seixeiro goes on epic rant about political ignorance and blind loyalty to politicians after people took issue with his criticism of Justin Trudeau.

[Jesse Houston @JesseHouston12]

#NewProfilePic

[Jesse Houston @JesseHouston12]

@swaggolfco £20 blade please!!!!!