@danielfoch Canadian peso still being devalued, rents aren’t going to fall substantially, rate cut forecast for 2023 bc policy makers are going to hike into a recession. I think your right for the rest of 2022
@danielfoch They kind of changed the game with covid, @JeffBooth talks about how the debt is just going to get crazier and crazier each time. There could be a huge deleveraging, but governments (especially Canada) are in too deep to let it all fall apart
@danielfoch Global debt extremely high, rates raise too much then programs have to get cut to pay debt- people get more unhappy than they are currently- government prints more money, inflation keeps rolling and after a few years when debt to GDP isn’t as high rates normalize