Money Sense

[Frood]

Everybody will be paper broke soon....

Do you mean their investments?



Ours have been stalled since January, in the long run, they always go up

Hard assets will eventually win out.



The US dollar is screwed along with nation state partners...

[Anonymous]

Canada will ban most foreigners from buying homes for two years and provide billions of dollars to spur construction activity in an attempt to cool off a surging real-estate market.



This may sound good in theory. But, interest rates are coming. Canadians are the most indebted peoples in the world. If there is a crash this will make the damage much, much worse as we'll have an oversupply and no buyers.

You are right. Higher interest rates coming. This will make the pain worse.

It's a left wing populist idea to increase the supply of housing using public money. But, when interests rise, and if they go too high it will lower even further the value of homes when overstretched consumers can no longer make their payments.



Canadians' net worth is tied to their homes more than any other G20 nation. This is a dangerous gamble the feds are taking.

[Anonymous]

Canada will ban most foreigners from buying homes for two years and provide billions of dollars to spur construction activity in an attempt to cool off a surging real-estate market.



This may sound good in theory. But, interest rates are coming. Canadians are the most indebted peoples in the world. If there is a crash this will make the damage much, much worse as we'll have an oversupply and no buyers.

You are right. Higher interest rates coming. This will make the pain worse.

It's a left wing populist idea to increase the supply of housing using public money. But, when interests rise, and if they go too high it will lower even further the value of homes when overstretched consumers can no longer make their payments.



Canadians' net worth is tied to their homes more than any other G20 nation. This is a dangerous gamble the feds are taking.

My boy and his old lady want to buy a house this year. I don't know. High prices in Saskatchewan and high interest rates are on the way. They both have stable jobs, but they have one kid and hope to have another.

[Anonymous]

https://scontent.fyxd2-1.fna.fbcdn.net/v/t39.30808-6/278133889_2047649052089271_3896253217093094809_n.jpg?stp=dst-jpg_p843x403&_nc_cat=107&ccb=1-5&_nc_sid=730e14&_nc_ohc=9RzM5xGBqiEAX-eZdo7&_nc_ht=scontent.fyxd2-1.fna&oh=00_AT8d-Bqsk1ok8cNYm-YC1Fx773_SiNScuUHVn_McPWelbA&oe=6255D085">

[Anonymous]

https://scontent.fyxd2-1.fna.fbcdn.net/v/t39.30808-6/278133889_2047649052089271_3896253217093094809_n.jpg?stp=dst-jpg_p843x403&_nc_cat=107&ccb=1-5&_nc_sid=730e14&_nc_ohc=9RzM5xGBqiEAX-eZdo7&_nc_ht=scontent.fyxd2-1.fna&oh=00_AT8d-Bqsk1ok8cNYm-YC1Fx773_SiNScuUHVn_McPWelbA&oe=6255D085">

In most of this country, it's not a good time to purchase a first home. Interest rates are set to rise several times. There will be mass defaults. Property values will return to earth. Home owners will have mortgages at high rates worth more than the market value of their houses. It might be a good time to go bargain shopping if one wants to be a landlord. I sure don't.

[Anonymous]

I want my boy and his old lady to wait before buying a house.

[Anonymous]

Rejecting Elon Musk's offer for Twitter may hurt the stock price and disappoint investors.

[Anonymous]

Rejecting Elon Musk's offer for Twitter may hurt the stock price and disappoint investors.

Good.

[Thiel]

Rejecting Elon Musk's offer for Twitter may hurt the stock price and disappoint investors.

Besides damaging the brand.

[Frood]

A long watch but an interview with Michael Saylor and Tucker Carlson about what Bitcoin (crypto currency in general) is for newbs:



https://www.bitchute.com/video/WGW7ONSknWTR/">https://www.bitchute.com/video/WGW7ONSknWTR/



He discounts other crypto to a point and is all in just on Bitcoin, which I disagree with to an extent, though it's a good watch....

[Anonymous]

Stocks tanked Friday — with the Dow tumbling nearly 1,000 points — as investors absorbed increasingly hawkish signals that the Federal Reserve would raise interest rates at a more aggressive clip.



The Dow Jones industrial average closed down 981.36 points, or 2.8 percent, to end at 33,811.40 and mark its fourth consecutive weekly decline. The broader S&P 500 index shed 121.88 points, or 2.8 percent, to settle at 4,271.78, while the tech-heavy Nasdaq composite index tumbled 335.36 points, or 2.6 percent, to close at 12,839.29.



It was the Dow's worst day since October 2020, according to MarketWatch, bringing the blue-chip index 1.9 percent lower for the week. It's down about 7 percent year to date.

[Anonymous]

The Dow Jones industrial average lost 809.28 points, or 2.4 percent, to close at 33,240.18, while the broader S&P 500 index slumped 120.92 points, or 2.8 percent, to land at 4,175.20. But it was the Nasdaq, which is heavy on tech stocks, that took the biggest dive, plunging nearly 4 percent, or 514.11 points, to end the day at 12,490.74.



After Monday's reprieve, the session marked a swift return to the dour mood that has largely prevailed over Wall Street this month. The blue-chip index, which skidded nearly 1,000 points on Friday, is down 4.9 percent in April. The S&P 500 has erased 8.8 percent and the Nasdaq 13 percent.



Year to date, the declines are even more stark, with the Dow off 8.5 percent, the S&P 500 12.4 percent and the Nasdaq 20.2 percent. Analysts attribute much of those losses to the Federal Reserve's decisive march toward higher interest rates to control inflation, which has forced investors to reevaluate growth-oriented stocks, particularly those of tech companies.



The central bank is expected to announce the second of seven planned rate hikes next week at the culmination of its two-day meeting. Investors had been expecting a series of 0.25 percent increases, but Fed officials have made clear that 0.5 percent is on the table.

[Anonymous]

Last week Canadian Natural Resources Ltd. became the first oil and gas producer listed in Toronto to surpass $100 billion in market value.



The Calgary-based oil producer is now the fourth most valuable publicly traded producer on the continent.

"This company is one of the biggest global players and so it may garner more attention from international companies and should be compared to any of the top energy companies globally," said Mark Rutherford, analyst at Mawer Investment Management.

[Anonymous]

Amazon reported a significant loss in the first three months of the year, sending the company's stock plunging.



The tech giant on Thursday said it had a net loss of $3.8 billion in the quarter ended March 31, a sharp drop in income from the same period last year, when it made an $8.1 billion profit.

https://www.ctvnews.ca/business/amazon-reports-us-3-8b-loss-stock-plunges-1.5881375?cid=sm%3Atrueanthem%3Actvnews%3Apost&utm_campaign=trueAnthem%3A%20New%20Content%20%28Feed%29&utm_medium=trueAnthem&utm_source=facebook&fbclid=IwAR2965PrP3hnMM9h3w8Jeh50tGvGkX89k5Hgj8NHuWuqnuLBTASu1k0QwqY">https://www.ctvnews.ca/business/amazon- ... ASu1k0QwqY">https://www.ctvnews.ca/business/amazon-reports-us-3-8b-loss-stock-plunges-1.5881375?cid=sm%3Atrueanthem%3Actvnews%3Apost&utm_campaign=trueAnthem%3A%20New%20Content%20(Feed)&utm_medium=trueAnthem&utm_source=facebook&fbclid=IwAR2965PrP3hnMM9h3w8Jeh50tGvGkX89k5Hgj8NHuWuqnuLBTASu1k0QwqY

[Anonymous]

The markets had a decent day today, but the they have been down since the start of the year. The majority opinion is that a recession is coming.