Markets Melt Higher as Economic Data Weakens - The Loonie Hour Episode 136
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- เผยแพร่เมื่อ 16 พ.ค. 2024
- US CPI cooled last month, along with retail sales. Canadian job numbers surprise to the upside giving further hesitation for the Bank of Canada. Banning China EV's, batteries and solar panels despite the war on climate change? Financial Markets drift higher.
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The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.
Congratulations to the Saresky family.
With respect to the blanket zoning changes the dirtiest trick will be in a few years when cities decide that your tax bill should reflect the maximum utilization under the new zoning and not that there is only a single family house on the lot, this thinking falls right in line with Trudeau's proposed federal property tax on empty lots
Congratulations to Sarestky family.
Congratulations to Mr and Mrs. Ice cap and many more years ahead
And here's to hoping Rich finds himself a great companion too soon. He's a keeper and deserves a keeper to bring him little Rich foxis into the world too!
Congrats to Steve and the Family!
CONGRATS SARETSKY FAMILY !!!!
Its not illegal to tell people what you're buying on the market.....but how is it NOT illegal to shut down trading when prices go up "too fast"???
Diamond hander right here. Love it 💎✊
How could one guy tweeting bring so much volume? Direct Register your shares
Because the entire economic system built over 500 years shouldnt be destroyed in 15 minutes of panic.
An hour long break isnt going to change the fundamentals of an asset.
Congratulations Steve, hope baby and mommy are doing well. Appreciate you coming back online this week 😊
Congratulations Steve and family. Great news!! 🎉
16:15 Preach it Rich! Low rise density is great. The area in Steve's background is similarly built up with low rise density (and some high rise). Nice part of Vancouver I think. I used to live in one of the buildings that Steve described : 4-plex with 4 basement suites. It was nice! It was on a corner lot in Edmonton, not too far from downtown and a great price. You get a little micro yard, a little garage, a rooftop patio and a decent amount of floor space. That 4-plex blended into the neighborhood well too.
So thankful to have a nice home in Calgary. CANADIAN FREEDOM resides in Alberta.
I like Alberta.
Tiff Maclin just put out a statement that financial markets prices are stretched, and there’s about to be a significant decline in prices
Congratulations to the Saresky family!
Congrats Steve. My daughter was born in 2017. Welcome to the roller coaster of parenthood
Thank you !
I love the grounded reality of this channel!!!
*Retirement took a toll on my finances, but with my involvement in the digital market, $15,000 weekly returns has been life changing. AWESOME GOD* ❤️.
I feel sympathy and empathy for our country, low income earners are suffering to survive, and I appreciate Wayne. You've helped my family with your advice. imagine investing $30,000 and receiving $95,460 after 28 days of trading.
I'm in a similar situation where should I look to increase income? Do you have any advice? What did you do ? Thank you
Well I engage in nice side hustles like inves'ting, and the good thing is I do it with one one of the best(Michael Wayne), he's really good!.
Did someone just mention Mr Wayne!? Damn! You just made my day; what a coincidence.. I've worked with him for over 2years and I can tell how good he is
It's great to see you guys talking about
Michael Wayne, This man changed the game for me. Good Man ❤.
Congratulations Saretsky family.
As a mechanical contractor (plumbing, heating and gas) I can assure you that the “infrastructure” excuse is kind of a cop out. For example: according to Canadas national plumbing code a 4” plumbing drain which all single family lots are piped with can serve 180 fixture units. (1 bathroom group is 6 units). The larger the pipe, the more fixture units combine. A 10 inch sewer pipe can serve 2500 fixture units. (That’s a lot)
I work with our local Municipal planning. It's the storm water runoff that's the problem for us and we are at capacity for our sewage lagoon. Other Municipalities are running out of water supply. All these concerns have been known to Municipalities for decades but Councils prefer to spend money on flashy, above ground projects that get them re-elected.
@@dutchgirl7603we need more lawns
Congratulations with your first daughter Steve.
12:45 oversimplification by Steve here. Naheed Nenshi was incredibly popular, is openly of the left, and is now the front-runner for provincial NDP leadership.
Gondek’s unpopularity fuels from her lack of leadership, inability to collaborate with city counsel to enact meaningful change, failure on Calgary’s arena deal, and being generally out of touch on the struggle of everyday Calgarians.
Calgary is more progressive than you’d think and has an appetite for competent leadership that leans left. Just look at the results of the ‘23 provincial election. A lot of orange in Calgary.
Ps: congrats on the growing family!
Fair points, thank you
Yesterday a 3 ft length of 3/4" dia steel threaded rod went from $14.19 to $21.99 at my local Home Hardware store. You can't pass on that type of inflation.
Congratulations to Steve and Keith. Rich, congratulations to your fox sighting and all you contribute to the best pod out there!!
London Ontario down over 30%!! Man!
Congratulations to you and your family Steve..
At the end I thought Steve was going to say, "I got to buy some diapers" 😂.
Congratulations to the Saretsky family!
Congrats to Steve...wonderful news. Great discussion on financial /political status in US and Canada again...Kudos to the three amigos also.
The plural for fox is foxes. However, when they are gathered together in a group, there are several collective nouns that can apply. These include calling them a skulk of foxes, a troop of foxes, a leash of foxes, a lead of foxes, and even an earth of foxes.
😆
Get this person on the podcast!
Congratulations Steve!! Amazing news!! 🎉❤
15 billion could have bought a lot of fire fighting planes and built out flood mitigation
And yet feds cannot make a business case for natural gas exports to Germany or japan yikes
"Excess demand for lack of supply" .... if that were true why are prices down 30% in some parts? demand is way down, while inventory is going up and more and more homes that were built during the last few years come online.
Former combat engineer here squib is correct. The detenator for secondary explosives.
They’ll call him Steve Gretzky - Canada’s Podcasting Great One
Surprised no one mentioned Canada's 200-300% tariffs on Chinese solar panels, makes the us look positively import friendly. Chase from Edison motors has talked about this before if you're curious
Congrats in the new addition Steve !
Mad respect for J pow. Good on him for having to grind the rates up after 16 years.
I think you guys have the wrong take about the zoning reforms. I think it will allow Canadian cities to be more dynamic and lead to the kind of neighborhoods being created that people like to visit when they travel.
I don’t get the hate for the idea of a 15-minute city. It’s just planning for convenience. As a bonus, when people can walk or cycle where they need to go, they live healthier lives.
Denser, mixed-use neighborhoods generate a net positive source of tax revenue for cities whereas the sparsely populated and sprawling suburbs are net deficits. I think if we densified we could use our tax dollars more efficiently.
Anyways, congrats on the new baby!
Nothing is down here in Vancouver.
Tiff macklin just put out a statement markets about to decline
Congratulations Steve
Congratulations, Steve!
Congratulations Steve!
Municipalities will turn once beautiful neighborhoods into slums. What has become of Canada?
Importing third world will make Canada third world. Welcome Canadistan.
Congrats Steve.
Congrats Steve!
Congrats Steve
Congratulations Steve.
have fun keith. smooching away all weekend.
and congrats on the baby steve.
25 years - Congrats👍
I'm with Rich, no cuts coming. No cuts in June, no cuts July...no cuts. Promises of cuts however are on short order to keep everyone calm, maybe next meeting, maybe Q4, maybe early 25... I think the long game is have everyone renew debt into the higher interest rate environment. If they can manage to hold policy tight for the next couple years they will, good luck everyone.
Bucket of raspberries 😂
housing prices in suburbs of metro van are about to trend up
congrats
EV's sales pitch being that they are cheaper is complete bull. If everyone drove them tomorrow there would be a road tax imposed on electricity (transmission upgrades and other infrastructure spending) along with more general taxation on electricity to cover government shortfalls. There is NOTHING economical about them for the end user.
"If everyone drove them tomorrow"
Yes, if you are using magic you are probably correct, but I prefer arguments based on reality.
@@Picklemedia Same applies to being phased in gradually. Upgrades are necessary to hit the government targets.
Here is the truth about this assertion, even with addition of all the gas taxes on the EV operating cost, it will be significantly cheaper to run an EV. Here is the math, there is about 45 cents (highest) of tax per litre of gas in BC (src: www2.gov.bc.ca/gov/content/taxes/sales-taxes/motor-fuel-carbon-tax/publications/motor-fuel-tax-and-carbon-tax-rates). With an avg SUV (highest selling model) your fuel cost for KM will be around 20 cents ($2 per litre with 10kmpl mileage being very generous). That equals 4.5c of gas tax per KM. A regular EV (ex Model Y) you will get 6-7 Km per Kwh. which equates to 3c per KM (cost per KWh 20c / 6.5 km per KWh). So even adding a 4.5c all gas tax will keep EV fuel cost to 7.5c (vs 20c for ICE). Just an FYI, I have rounded up all EV related cost and rounded down all ICE costs, still ICE cars cost 3 times higher on fuel cost even after all the gas tax.
The whole EV transition depends on the initial cost/price of car and interest rate to get the EMI. Once EVs are comparable to a Gas car price, there is no financial argument against EVs
I mean I don't necessarily agree with that, yes there would be a tax shifted from gas taxes probably on the registration to pay for roads, But that's only a portion of the savings It's also just using a cheaper energy source and the greater efficiency you can achieve from even just doing your combusting at a central location and capturing much more of that energy into useful forms. As well as the EVs ability to recapture kinetic energy through regenerative braking. It's a more efficient system overall. For larger vehicles they should be switching to diesel electric again just to maximize efficiency.
The place where I do agree it's less economical than people first make out it to be is in the timing of the costs. An EV is a big upfront purchase, whereas gas is purchased in small increments regularly throughout the life of the vehicle. So your costs are upfront and your savings are over time when the money has less value. As well people have to finance that up front purchase whereas people don't have to finance gas necessarily unless they are really in the hole. Together these to make a pretty big difference in calculations on when you break even.
@@stevecatpatrick8056 It makes much more sense in population dense areas. The push to electrify everything isnt currently feasible. Smaller reactors (even for smaller places with sub 10K people) would change my view seeing how transmission lines would be greatly reduced.
Just checked and N. Okanagan prices were down about 0.6% in all categories compared to the same month last year.
I'm north Okanagan and I just saw my first 2 properties that had a "decent" Price, the price difference is 43%
@@donm2067 There is no reference point
@@ethimself5064 last month these properties 100% would have been listed at 700k$, this week they were listed at 399k$
We have ample supply of similar houses at 700k$ that have been sitting for in some cases up to 3 years, hoping that some buyer from Chilliwack will come in and save the day.
These 2 will be the ones that sell.
So why is it that allowing, but not forcing, density is a blanket policy but residential single family zoning is not? Other than incumbents are upset… 🎻
6:10 - Wonder what the chart would look like for both 18 and 19? In my view this would really be interesting
Rich …. Where did you get that Background … Looks like my Grandmas kitchen 😂
Rich nails it at 33:30 -- "Bottom line is that these policies are inflationary...." which is the way they want it. So, they gets it. I don't like it any more than you do.
8 units! And people park where?
developers ARE going bust here in vancouver
the lights are going out
monthly building starts down 1%
Congrats Saretsky Fam! And of course Congrats to our fav boomer!
Squib
/skwib/
noun
1.
a small firework that burns with a hissing sound before exploding.
2.
a short piece of satirical writing.
21:02 It doesn't change the weather. It changes the climate 🤠 Hahaha. Less driving and more compact cities let people walk, bike, or take transit more easily (if they want to). Also, the whole built environment is smaller so there is less material used per person on roads, buildings etc- e.g. less carbon output per person, per housing unit, per commercial unit/operation, etc
How does all that food get to these people? Riiiight. It gets trucked from the country. Maybe the real solution is the opposite of the city..... live in the country, work local, buy local.
@@meddlehedd1194 How many trucks come into the city to provide goods? Its orders of magnitude less than the number of cars. I'm not suggesting getting rid of roads and no one who is interested in building walkable cities proposes anything like that either. Expand your mind to think of different ways to build cities. Think of cities in Europe- lots of people walking and biking there and they also have food being delivered to stores. Its not a paradox.
Moves the millions and millions of people out into the country. Okay, just think about that for a minute. What is that solving? It would certainly be a great way to eliminate forests and farm land.
1st baby - Congrats👍
Great Job!!! Congratulations and Thank You... :-)
didn't the Calgary mayor say "certain" race of kids can't use computers? 😭😭
Why is it legal for Jim Cramer pumping stocks but Roaring kitty (DFV) who just states he owns and likes the stock is illegal? Loonie hour is great I watch every episode but you have to look past the headlines, retail and DFV are NOT causing these moves in the market.
Here in Denver, animal control leaves the foxes alone. They only pick up stray dogs.
Sewer capacity and water mains are the reason housing accelerator fund is needed. The cities won't let flows increase because there is very little capacity. This makes the only viable projects the same SFH that was there before or a super high density building because the scale makes it feasible. I work as a municipal engineer for a consulting company and was very involved with these upgrades. You guys wouldn't believe how much stuff does NOT get built because of this. Areas will be up zoned and nothing will be built because the sewer upgrades make it very unfeasible.
Some community East of POCO stated couple of months ago or so that it costs them %13,000 per new unit
What capacity are they at right now? (Expressed as a percentage)
@@Picklemedia Read my reply
@@ethimself5064 read my question
Municipalities have been kicking the can for 50 years now, they build for what we needed 20 years ago, not what we need in 20 years.
I hate the bureaucracy.
His name is the Roaring Kitty
lol..
First off Congrats Steve on the little one, you'll look at life differently know that you have someone that depends on you everyday!
And Boomer congrats on 25 years, you take your wife to the Quarterdeck for a few days or what. IMO one of the nicest spots along the south shore of NS.
Thank you for following the podcast, and for the sincere best wishes. KD.
You guys are pretty funny Steve is trying his best to keep Keith and rich on topic it’s not working but it’s more entertaining
The father in me has 2 questions
1) Steve, what was the name?
2) Rich, what brand of binos you got?
No Sask callout this week? lol
I would like to buy an ev i need a new vehicle. So I went to look at the ford escape plug in and i liked it but its very expensive and when i looked underneath the battery is on the bottom so dont hit anything and under the hood holy computers and sensors good luck fixing it or paying to have it fixed will be very expensive.
Tariff on china should be a boon to Chinese factory buildout in Mexico they will avoid tariff by mfg in northeast mex
They are building housing for 10000 workers in mex right now
I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly.Thanks Natalie Strayer
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
You trade with Natalie Strayer too? Wow that woman has been a blessing to me and my family.
YES!!! That's exactly her name (Natalie Strayer) so many people have recommended highly about her and am just starting with her from Brisbane Australia🇦🇺
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills.
Roaring kitty
What exactly should be illegal about someone posting a picture of a gamer sitting up on a Twitter account? Not sure why posting a meme on these accounts is providing financial advice. I’d like to know why it’s legal to halt trading over 16 times when the stock is rising but never halting it when it crashes?
This 👆
First question I would ask is how are you going to get power, water and sewage for eight families to a lot that was designed for one family? You would have to rip up the whole street to get to the one lot that has eight units.
Congratulations to Steve and his family.
Foxes have kits i think.
Foxi!
zoning and government spending does not matter once
the economic environment is simply not viable
New zoning will make 15 min city a reality. +1 Wefuccck
55:31 I see what you did there
Don’t call animal control, call the police about the guy in the city with the recording binoculars
Congratulations Saretskys
WOOO HOO LETS GOOOOOOO! FIRST!
Congratulations on the new addition Steve!
#theyhavetogoback
Rich has the least invasive microphone and I can hear him the best. I listen to this podcast at work where there is a lot of ambient noise. Steve with the most distracting mic, is muffled and sometimes I can't make out what he's saying. Congrats on the baby.
Keith "I would not wait for the Americans". lol Are you and your clients 95% in American dollars?
Hi. It is an interesting dilemma - do you save the local economy and bond market, or the currency market? Central Banks out side of USA will always let the currency lose - it's the only alternative. That's why I indicated I wouldn't wait for the FED. Of course, I have other much stronger views which I can't share publicly.
Congrats on the new addition to your family Steve! 🎉
Anyone who takes stock picks from a TH-camr named "Roaring Kitty" deserves what they get.
Kevin Not a big number stop it when you break it down
I love somebody keeps throwing in their babbling turds 😂😂😂😂😂
The general population does not need EVs, we need Hybrids. Ev's would work for inter city delivery trucks, city some city vehicles and industrial vehicles. EV's everywhere as fast as possible is sheer nuts as governments will soon find out
Welcome to adulthood.
Th irony is those top 3 cities are cities NO ONE would want to live in, unless they absolutely had to.
Nobody wants shitty Chinese EVs.
Funny thing is that even Elon Musk has said they are quite good and that without trade barriers they will take over the car industry. Seems like they have progressed very fast in that technology.
@@Jo-mf2vu Lol, K bro.
Yes I'm sure you speak for everybody and all consumers have a monolithic opinion /s.
That's exactly why we have markets is because nobody can know exactly what and how much consumers want as well as allowing them to express their desires through their wallets. It really depends on the cost savings. Electric motors are very simple devices compared to combustion engines, If Chinese cars are literally half or less the price they just need to be reliable enough in the basics to have a huge value proposition. Having access to very economical personal transportation is huge when it comes to savings and setting yourself up financially for the future.
The problem with that idea is that the Chinese have bought or stolen a bunch of western tech and their EVs aren't so bad anymore. Look at Geely, they bought Volvo and their cars got 1000% better.
@@stevecatpatrick8056 Enjoy your trash Chinese vehicles.
GME 🚀🚀🚀 Is a signal! You’ll see!
stay broke
He laughs at 10k loss of jobs in construction
let's not pretend EV's produced in China aren't major carbon footprint contributors