@OptionsMir My eyes are on the Nikkei tagging the 50dma here overnight and bouncing. Everyone seems to forget Japan basically is the market for all risk-assets.
Also seem to be getting quite a lot of talk that this is it, top is in, bubble burst etc.
Im buying a gap down tomorrow
@RichardDias_CFA Could you and Keith talk about quantitative tightening in an episode soon? No one in financial media is talking about it anymore. Does it not matter?
@chigrl And yet you need one in the corporate world to be taken seriously. Try getting an interview without a linkedin as an intermediate level engineer or project manager type of role
@JonFlynnREstats@GrahamG22047543 Its amazing people think housing cannot possibly go down, as if in all of history housing only ever went up and govt has somehow figured out how to keep housing propped forever. If it was so easy everyone would do it and the spanish and irish would be what canada is
@TheJanard@PeterofRecord@BenRabidoux@JohnPasalis@danielfoch How many young adults looking to buy their first home have 60k in an RRSP lol? The TFSA always makes sense to max out first and RRSP later in life in your higher earning years anyways
@HexenFlow@SantiagoAuFund @xfactor95028643 There was never any debasement. Cash is still cash, 20$ will always be 20$. Whether bread goes to 10$ a loaf or 5$, your 20$ is the same.
You have to have a decades time horizon for real assets over cash to maintain purchasing power, even if inflation goes crazy like 2022-24
@HexenFlow@SantiagoAuFund @xfactor95028643 Iโve never quite understood this fiat debasement and purchasing power argument.
If i have 50k of gold from 2020 and want to โprotect myself from the inflationโ and sell it today for 50k in 2024 dollars, its still 50k. Why not just hold the cash as liquid cash.
@hotroddergirl@katiederosayyj@KahlonRav Who do they sell them to? There arent that many end users.
If mom and pops sell to companies thats best case. Honestly I would prefer if all rentals were managed by companies, these mom and pop landlords are the worst to deal with
@MarkinMetaForm Buy that mountain bike, that electric guitar, take that trip to europe, whatever it is, just start doing things you want to do without the fear your wasting money that could be towards the bigger goal of buying real estate. It is so not the end all be all of life
@MarkinMetaForm With such a focus on housing in canada you start to believe if you have your own place and โsolvedโ the issue of expensive housing by finally owning its somehow going to fix everything. Its not.
Its time to enjoy that thing called life. /2
@wesSE22020@BenRabidoux Well the problem is that like debt, you need ever increasing immigration as a tactic to keep the wheels turning when you use it as a gdp tool like canada has been.
Any decline is BAD
@PeterofRecord@DanielVyner You cant be serious.
Lets let banks do away with risk management and just port a new mortgage to a new lender with the same or better conditions and assume their financial situation has remained constant?
@ronmortgageguy My geology/Geological engineering programs at Queenโs had the most students in decades back in 2013. Mining eng was quite popular.
Jobs at that time were hard to come by though as metals were doing poorly and the oil fields of alberta were collapsing.
I think itll turn around