Yep the wef plan right on track needs global bankruptcy to bring in cbdc etc,, Brics to end usd dominance and bring hyperinflation that will spill over here next yr
@@Leceister4231 it's the wef agenda 21,30,50 plan right on track, stinks, time to freshen the air, learn about it, then do b something like educate others soon, very soon or it will not be reversible
I'm an engineer and my eyes light up when you talk about excess supply. Love Rosie!! He's the best. G'day from sunny Sydney Australia. Thanks James and David. Very interesting.
Canada is in the crapper..look at make up of job growth🎉 and there is stubborn adherence to monetary inflation fighting techniques. Trudeau’s father fucked up the economy and guess what, his sons antics are exactly the same. Canucks are way too forgiving and kind.
Wages haven’t kept up with debasement/loose monetary policy that widens the wealth gap by choosing those with assets as winners and those without as losers. That is why most people are struggling, they don’t have enough real wage growth or financial assets to keep up especially the young generations.
The debt-to-income ratio in Canada is actually 180%. Rosenberg was low on the number. It has been exorbitantly high and increasing for a long time. It easy to find that information.
Banks should only mortgage 6X median income for the area in which the house is. This prevents the bubble and fomo. The banks provided the rope for the buyers. Above 6X median income then you pay cash. Maybe also a price per sqft range so consumers are not forced to pay riduculous price per square foot to buy 400 sq ft shoebox condo.
Rosenberg 5 years ago: "We'll have a recession next year" (no recession). 4 years ago: "recession has already started" (no recession) 2 years ago: "the risk is recession" (no recession) 1 year ago: "recession is slamming demand" (no recession) 9 months ago: "recession coming in 6 months" (no recession). Trend here ?
stock market is ultimate leading indicator, yes US stocks are overbought and due for a correction but the market hasn't 'topped' if it is making new ATHs. Frankly, I'd be far more worried about Canada then the US atm. 22m...nailed it
Great interview. I am a bit perplexed on one thing - Capitalists are Capitalists only when they don't mess up. And when they do, socialism kicks in - all those massive bailouts funded by tax payers (and even with that bailout money, senior management of those companies get tens of millions of dollars as salaries and bonuses). How can you square the circle - cut taxes and also government spending. The income gap with is already at record high will increase further and that would be a social disaster.
I believe in capitalism but i agree with your statement. You have to let them fail. Government bailouts are not fair to the tax payer. Its a inflation tax and wealth transfer tax really.
Canada has lots of troubles but high immigration means high demands so i dont think there's a over supply issue. High population is skewing the models. keep up the good work David
High immigration means high demands? They may have plenty of demands but the funds will have to be printed to meet them causing even more inflation. They have thus far been provided free food, clothing, allowances, shelter….. How do you think this will all be paid for🤔?
Lol high demand for Honda civics if that’s what you mean. The immigrants coming in aren’t buying anything. They walk around in pants that don’t even fit them.
“The majority of Canadians don’t have a mortgage, most of the Canadians are debt free”….and are strapped for spending. Another way to express this is categorizing it into the percentage of people renting without a house and the percentage own a house without a mortgage.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! You raise an interesting point, when he says that it sounds like Canadians are doing very well but in reality they are not.
Just cut corporate taxes so they can issue more dividends and/or buy back more stock … and at the same time do more consumer-targeted stimulus by the government. The catalyst is all tools in the toolbox that amount to a weaker dollar 🥲.
Insightful thoughts. Is Rosenberg insisting on a trickle down policy? If top tier tax should be cut then write offs should also be cut. Let’s make it even steven.
“ Nothing is more permanent than a temporary government program “ Milton Friedman. As an unabashed free market capitalist you realize that any government intervention in the economy produces negative results including historical depression
Depends which lens and industries you look at. Travel, luxury, high end hotels, experiential spending is healthy and growing. The top half / wealthy are swimming in cash and driving these kinds of industries to record highs. Wealthy Americans are literally rewriting and rejuvenating European economies through record and increasing tourism. The bottom half, things are not so good.
Only FACT is the Sun going to explode in 5 billion years. Other than that everything else is just speculation. Let's now go watch the Stanley Cup Final again.
i would like to see what his thoughts are on the rapid increase in US debt purchases by Canada from 2018 to 2024. Low interest rates near zero from 2018-2023, when Powell jacked up rates. Big unrealized capital losses?
It's Jimmy Connor, thanks for the comment Joseph and for taking the time to view our content. How bad are things in Australia? Maybe I should interview someone who knows that economy.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Canada is not perfect by any means but it is still one of the best countries in the world.
The economy and stock market are two different things. I think because the stock market hasn't crashed and continues to make new ATH's. That is causing many to view a strong economy. But once you look under the hood. You will start to see some issues.
It's Jimmy Connor, thanks for your comment David and for taking the time to view our content! David mentioned gold because he believes the USD will drop with falling IR. He also suggested TLT.
@@BloorStreetCapital please stop. You sound as bad as Trump. Your analysis cherry picks facts to support your theory. This is basic confirmation bias. I wouldn't put much faith in your assessment. Gerry Granthim wanna be.
You better believe Canada in trouble when ninety percent of all private sector investment and jobs is created in only one province Alberta it’s not sustainable
Digital silver in a digital age, litecoin is a digital precious metal, not a security. Litecoin is the oldest coin on the market after bitcoin, since its inception in 2011. Scarcity of litecoin is the key feature of its technology. Everyone tends to flock to digital silver and digital gold, litecoin and bitcoin, when things aren't going well. Litecoin is a decentralized digital commodity, just like bitcoin, but not even close so heavily concentrated in a few hands like bitcoin is. Both have Proof-of-Work consensus, and both have limited supply of coins. Only that litecoin is lighter, swifter, and hugely undervalued against bitcoin. Litecoin (LTC) being a digital commodity provides a decent inflation hedge as well because there will be mined only a limited number of 84 million litecoins in total.
All we need is a train from Canada across the north pole to Russia and we can join BRICS and the new trading block and finally become wealthy. lol Unfortunately that doesn't seem to be something anyone would fund. So we have to make it alone. And that means organic economic theory, and a library form of government in a completely socialist Internet world. There is no avoiding the reality we live in.
It's Jimmy Connor, thanks for the comment Rick and for taking the time to view our content! You raise a good point we live in one of the best countries in the world, rich in resources we should be in much better conditions economically than we are currently in.
Open an fhsa account..by the time you max it out in 5 years , home prices will be 50% lower in this Socialist republic. Transfer of wealth from old to young !
I've kept much of my savings in cash for safety, but I'm unsure if it's right for retirement. Contemplating investing $400K in stocks, as I've heard investors can profit in tough times. Unsure about my next move.
Keeping savings in cash may feel safe, but it might not be ideal for long-term growth, especially for retirement. Consider seeking advice from a financial advisor to create a diversified investment strategy that aligns with your retirement goals.
Yeah, I’m also closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in more profit than some of my peers who have been investing for many years.
This caught my interest. I worry that I have a couple more months before retirement, and I want to switch to using a financial advisor, but I don’t really know how to find one.
*Sharon Lynne Hart* is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Intelligent people in the US know we are on a nose dive.
Merci for your hosting your wonderful guest, David Rosenberg. He is the best informed economist about Canada and USA too.
It's Jimmy Connor, thanks for your comment and for taking the time to view our content! I agree, he is one of the best!
Canada immediately needs to start getting its resource industry built. We will faulter economically if we don’t!
If you mean mineral mining, yes. If you mean oil expansion, I think it will kill us economically.
@@user-jt7qo8do9g we are too late, not enough skilled people anymore.
Not just Canada, most economies
Yep the wef plan right on track needs global bankruptcy to bring in cbdc etc,, Brics to end usd dominance and bring hyperinflation that will spill over here next yr
But also canada. As he said canada is in a much worse place than most countries. But people on canada don't want to admit this.
@@Leceister4231 it's the wef agenda 21,30,50 plan right on track, stinks, time to freshen the air, learn about it, then do b something like educate others soon, very soon or it will not be reversible
Canada is socialist and failing and most Canadians refuse to believe anything bad about Canada.
@@Leceister4231agreed
I'm an engineer and my eyes light up when you talk about excess supply. Love Rosie!! He's the best. G'day from sunny Sydney Australia. Thanks James and David. Very interesting.
Great interview and great insights on Canada, doesn't look 'Rosie'
David is a great example of how intelligent sometimes people that don’t scream and talk trash can be.❤
It's Jimmy Connor, thanks for the comment John and for taking the time to view our content! David is a great speaker.
The debt in Canada is primarily about the mortgage debt
Canada is in the crapper..look at make up of job growth🎉 and there is stubborn adherence to monetary inflation fighting techniques. Trudeau’s father fucked up the economy and guess what, his sons antics are exactly the same. Canucks are way too forgiving and kind.
A lot of federal institutions are broke at the moment and have a hiring freeze going on they are barely able to operate
@@cliftonboyz1959 agreed
You’re in fantasy land
@@petewick8627 do explain...
Rosenberg is excellent!!
Thanks Jimmy, Rosie is always a great guest!
Lets hope Trudeau resigns - his economic policies have been detrimental to Canada's economy.
It's Jimmy Connor, thanks for the comment John and for taking the time to view our content! Change is coming!
Wages haven’t kept up with debasement/loose monetary policy that widens the wealth gap by choosing those with assets as winners and those without as losers. That is why most people are struggling, they don’t have enough real wage growth or financial assets to keep up especially the young generations.
....and Liberal progressives are defeated in the next election. Trudeau's cabinet has been as detrimental as Turdeau himself.
Love the interview. Thank you.
Our entire ability to maintain our industrial capacity is running on borrowed time... think about that.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! It's just a matter of time!
How can you say that debt to income in canada is 170% and then 3 mins later say most canadains are debt free and don't have a mortgage?
It's Jimmy Connor, thanks for the comment Will! I should have picked up on that and questioned him on it.
because half of canadians have a 340% debt to income ratio.
The debt-to-income ratio in Canada is actually 180%. Rosenberg was low on the number. It has been exorbitantly high and increasing for a long time. It easy to find that information.
Most Canadians don't have a mtg. The ones that do 1) are much higher than 180% 2) under report income and thus back to 1)
Renters are mortgage free
Can't believe he said 'Japan is a long term play'.
Banks should only mortgage 6X median income for the area in which the house is. This prevents the bubble and fomo. The banks provided the rope for the buyers. Above 6X median income then you pay cash. Maybe also a price per sqft range so consumers are not forced to pay riduculous price per square foot to buy 400 sq ft shoebox condo.
The 6X multiple only developed in the era of low interest rates. It used to be 2.5X, not that long ago.
@@stephenburnage7687look at long term price to median income chart.
Rosenberg 5 years ago: "We'll have a recession next year" (no recession). 4 years ago: "recession has already started" (no recession) 2 years ago: "the risk is recession" (no recession) 1 year ago: "recession is slamming demand" (no recession) 9 months ago: "recession coming in 6 months" (no recession). Trend here ?
It's Jimmy Connor, thanks for your comment Jay! It's tough being a forecaster.
Wealth inequality has ruined everything.
I knew this 8 years ago 😂
Good interview, thanks James/David
Bingo! That’s what Canadian Government needs to do! I vote for you David for PM!
stock market is ultimate leading indicator, yes US stocks are overbought and due for a correction but the market hasn't 'topped' if it is making new ATHs. Frankly, I'd be far more worried about Canada then the US atm. 22m...nailed it
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! I agree 100%
You do a better
Job then last guy who’s at thoughtful - he was really good so just wanted to throw that out to ya
Great interview. I am a bit perplexed on one thing - Capitalists are Capitalists only when they don't mess up. And when they do, socialism kicks in - all those massive bailouts funded by tax payers (and even with that bailout money, senior management of those companies get tens of millions of dollars as salaries and bonuses). How can you square the circle - cut taxes and also government spending. The income gap with is already at record high will increase further and that would be a social disaster.
I believe in capitalism but i agree with your statement. You have to let them fail. Government bailouts are not fair to the tax payer. Its a inflation tax and wealth transfer tax really.
Canada has lots of troubles but high immigration means high demands so i dont think there's a over supply issue. High population is skewing the models. keep up the good work David
High immigration means high demands? They may have plenty of demands but the funds will have to be printed to meet them causing even more inflation. They have thus far been provided free food, clothing, allowances, shelter….. How do you think this will all be paid for🤔?
Lol high demand for Honda civics if that’s what you mean. The immigrants coming in aren’t buying anything. They walk around in pants that don’t even fit them.
“The majority of Canadians don’t have a mortgage, most of the Canadians are debt free”….and are strapped for spending. Another way to express this is categorizing it into the percentage of people renting without a house and the percentage own a house without a mortgage.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! You raise an interesting point, when he says that it sounds like Canadians are doing very well but in reality they are not.
The US economy is only going forward with debt, it is not sustainable
Just cut corporate taxes so they can issue more dividends and/or buy back more stock … and at the same time do more consumer-targeted stimulus by the government. The catalyst is all tools in the toolbox that amount to a weaker dollar 🥲.
no problem as long as Canadian call their America their friend, comrade and allies
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Dam rights we friends/allies!
Insightful thoughts. Is Rosenberg insisting on a trickle down policy? If top tier tax should be cut then write offs should also be cut. Let’s make it even steven.
Time well spent listening
It’s the Biden syndrome in Canada.
Actually the wef plan most western countries have been selling out to
Such a common sense guy. It's obvious. Why is this federal government so traitorious???
“ Nothing is more permanent than a temporary government program “ Milton Friedman. As an unabashed free market capitalist you realize that any government intervention in the economy produces negative results including historical depression
It's Jimmy Connor, thanks for the comment Glenn and for taking the time to view our content! Great quote from Milton Friedman!
82 comments from 30 000 views after 9 days…..right
we will see but..i do not think so...
Depends which lens and industries you look at. Travel, luxury, high end hotels, experiential spending is healthy and growing. The top half / wealthy are swimming in cash and driving these kinds of industries to record highs. Wealthy Americans are literally rewriting and rejuvenating European economies through record and increasing tourism. The bottom half, things are not so good.
Only FACT is the Sun going to explode in 5 billion years. Other than that everything else is just speculation. Let's now go watch the Stanley Cup Final again.
It's Jimmy Connor, thanks for the comment Bobby and for taking the time to view our content! Best SCF in years!
People think recession is a relic of yesteryear because the FRB rushes to ZIRP whenever they possibly can.
Black rock and allies to buy up everything 4 pennies on the dollar
i would like to see what his thoughts are on the rapid increase in US debt purchases by Canada from 2018 to 2024. Low interest rates near zero from 2018-2023, when Powell jacked up rates. Big unrealized capital losses?
It's Jimmy Connor, thanks for the comment/question! I will bring this up during our next discussion.
So the well healed who have made things worse, are the first to complain? Wow, just wow!
This guy has cost me lots of money for being WRONG for over 2 years.
Me too buck, me too
Stopped listening to him a long time back..... but others are worse.
Australia also
It's Jimmy Connor, thanks for the comment Joseph and for taking the time to view our content. How bad are things in Australia? Maybe I should interview someone who knows that economy.
Jimmy da man!!!
Yeah, but David, doesn’t the world explode if we have deflation in an economy leveraged like this?
Canada has no chance in the new world...
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Canada is not perfect by any means but it is still one of the best countries in the world.
@@BloorStreetCapitalBest at what? Housing bubbles? Failing healthcare? Outdated and inadequate infrastructure?
@@Rawdiswar At persecuting people who speak out against woke-ism.
Canada has raw materials (oil, gold, minerals). That's more than Europe has.
@@stephenburnage7687owned by other multinational companies who really don’t give back much of anything
I am excited for the bear market. I have been hearing about it for a decade so I am sure it will be very impressive
It's Jimmy Connor, thanks for the comment! I know, it's crazy! The market just keeps going higher everyday.
The economy and stock market are two different things. I think because the stock market hasn't crashed and continues to make new ATH's. That is causing many to view a strong economy. But once you look under the hood. You will start to see some issues.
It's Jimmy Connor, thanks for the comment Peter and for taking the time to view our content! I agree 100%.
Fairness smearness
I stopped watching at 20 minutes. When did they start talking about buying gold? Predictable diatribe.
It's Jimmy Connor, thanks for your comment David and for taking the time to view our content! David mentioned gold because he believes the USD will drop with falling IR. He also suggested TLT.
@@BloorStreetCapital please stop. You sound as bad as Trump. Your analysis cherry picks facts to support your theory. This is basic confirmation bias. I wouldn't put much faith in your assessment. Gerry Granthim wanna be.
@@BloorStreetCapital what is IR and TLT?
Rosenberg been calling economic colapse since the pandemic
It's Jimmy Connor, thanks for the comment Joseph and for taking the time to view our content. It's tough being a forecaster.
You better believe Canada in trouble when ninety percent of all private sector investment and jobs is created in only one province Alberta it’s not sustainable
Çhrist empire for Americas Australia Europe and associated areas
Digital silver in a digital age, litecoin is a digital precious metal, not a security. Litecoin is the oldest coin on the market after bitcoin, since its inception in 2011. Scarcity of litecoin is the key feature of its technology. Everyone tends to flock to digital silver and digital gold, litecoin and bitcoin, when things aren't going well. Litecoin is a decentralized digital commodity, just like bitcoin, but not even close so heavily concentrated in a few hands like bitcoin is. Both have Proof-of-Work consensus, and both have limited supply of coins. Only that litecoin is lighter, swifter, and hugely undervalued against bitcoin. Litecoin (LTC) being a digital commodity provides a decent inflation hedge as well because there will be mined only a limited number of 84 million litecoins in total.
You do you. I'm buying barbered wire and canned goods. Lorne.
Canada's always struggling along what else is new.
All we need is a train from Canada across the north pole to Russia and we can join BRICS and the new trading block and finally become wealthy. lol
Unfortunately that doesn't seem to be something anyone would fund.
So we have to make it alone. And that means organic economic theory, and a library form of government in a completely socialist Internet world. There is no avoiding the reality we live in.
It's Jimmy Connor, thanks for the comment Rick and for taking the time to view our content! You raise a good point we live in one of the best countries in the world, rich in resources we should be in much better conditions economically than we are currently in.
Most Canadians don't have a mortgage? Where's he getting that info from? Is he including children to arrive at "most"?
He has been bearish for a few years while the markets were making all time highs
Open an fhsa account..by the time you max it out in 5 years , home prices will be 50% lower in this Socialist republic. Transfer of wealth from old to young !
I've kept much of my savings in cash for safety, but I'm unsure if it's right for retirement. Contemplating investing $400K in stocks, as I've heard investors can profit in tough times. Unsure about my next move.
Keeping savings in cash may feel safe, but it might not be ideal for long-term growth, especially for retirement. Consider seeking advice from a financial advisor to create a diversified investment strategy that aligns with your retirement goals.
Yeah, I’m also closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in more profit than some of my peers who have been investing for many years.
This caught my interest. I worry that I have a couple more months before retirement, and I want to switch to using a financial advisor, but I don’t really know how to find one.
*Sharon Lynne Hart* is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I searched for her name on the internet, found her page, and reached out via email to schedule a conversation. Thank you.
Another trickle down economist offers his opinion
This is by design. Trudy is following orders from uncle Klause
Wacko!
BS
When did you become an expert? MAGA conservative messaging. You’re kinda anonymous aren’t you.
ETH77603
No shit.