David Rosenberg - Imminent Economic Crisis in the US and Canada

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Күн бұрын

Пікірлер: 155

@ParisianThinker 3 ай бұрын

Merci for your hosting your wonderful guest, David Rosenberg. He is the best informed economist about Canada and USA too.

@BloorStreetCapital 3 ай бұрын

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!

@kellikline6359 3 ай бұрын

Intelligent people in the US know we are on a nose dive.

@frankarena838 3 ай бұрын

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.

@frankbeneditto2648 3 ай бұрын

Great interview and great insights on Canada, doesn't look 'Rosie'

@michaelbrown5311 3 ай бұрын

Thanks Jimmy, Rosie is always a great guest!

@johnh5896 3 ай бұрын

David is a great example of how intelligent sometimes people that don’t scream and talk trash can be.❤

@BloorStreetCapital 3 ай бұрын

It's Jimmy Connor, thanks for the comment John and for taking the time to view our content! David is a great speaker.

@Notasheepbaa 3 ай бұрын

Love the interview. Thank you.

@davidfellowes1628 3 ай бұрын

Not just Canada, most economies

@jasonhenn7345 3 ай бұрын

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 3 ай бұрын

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.

@jasonhenn7345 3 ай бұрын

@@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

@ryu_street_fighter561 3 ай бұрын

Canada is socialist and failing and most Canadians refuse to believe anything bad about Canada.

@amitshah911 3 ай бұрын

@@Leceister4231agreed

@terryroberts623 3 ай бұрын

Rosenberg is excellent!!

@gordpearson9802 3 ай бұрын

Good interview, thanks James/David

@BrettGell 3 ай бұрын

Canada immediately needs to start getting its resource industry built. We will faulter economically if we don’t!

@neolithictransitrevolution427 3 ай бұрын

If you mean mineral mining, yes. If you mean oil expansion, I think it will kill us economically.

@ragingchimera8021 3 ай бұрын

@@BrettGell we are too late, not enough skilled people anymore.

@good2goskee 3 ай бұрын

The debt in Canada is primarily about the mortgage debt

@cliftonboyz1959 3 ай бұрын

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.

@jimmynolet3752 3 ай бұрын

A lot of federal institutions are broke at the moment and have a hiring freeze going on they are barely able to operate

@good2goskee 3 ай бұрын

@@cliftonboyz1959 agreed

@petewick8627 3 ай бұрын

You’re in fantasy land

@good2goskee 3 ай бұрын

@@petewick8627 do explain...

@davidchurch9005 3 ай бұрын

Bingo! That’s what Canadian Government needs to do! I vote for you David for PM!

@gregfraser2763 3 ай бұрын

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.

@stephenburnage7687 3 ай бұрын

The 6X multiple only developed in the era of low interest rates. It used to be 2.5X, not that long ago.

@gregfraser8784 3 ай бұрын

@@stephenburnage7687look at long term price to median income chart.

@ragingchimera8021 3 ай бұрын

Our entire ability to maintain our industrial capacity is running on borrowed time... think about that.

@BloorStreetCapital 3 ай бұрын

It's Jimmy Connor, thanks for the comment and for taking the time to view our content! It's just a matter of time!

@marksnead9805 3 ай бұрын

Can't believe he said 'Japan is a long term play'.

@joellynparks7805 3 ай бұрын

Time well spent listening

@ngmookleong3415 3 ай бұрын

no problem as long as Canadian call their America their friend, comrade and allies

@BloorStreetCapital 2 ай бұрын

It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Dam rights we friends/allies!

@gl9139 3 ай бұрын

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.

@ithomson2672 3 ай бұрын

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?

@BloorStreetCapital 3 ай бұрын

It's Jimmy Connor, thanks for the comment/question! I will bring this up during our next discussion.

@Tinitiny2023 3 ай бұрын

“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.

@BloorStreetCapital 3 ай бұрын

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.

@vincentmurphy9252 3 ай бұрын

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

@johnmorelli3775 3 ай бұрын

Lets hope Trudeau resigns - his economic policies have been detrimental to Canada's economy.

@BloorStreetCapital 3 ай бұрын

It's Jimmy Connor, thanks for the comment John and for taking the time to view our content! Change is coming!

@nickzivs 3 ай бұрын

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.

@johnmorelli3775 2 ай бұрын

....and Liberal progressives are defeated in the next election. Trudeau's cabinet has been as detrimental as Turdeau himself.

@bbeamish08 3 ай бұрын

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

@BloorStreetCapital 3 ай бұрын

It's Jimmy Connor, thanks for the comment and for taking the time to view our content! I agree 100%

@glennbeard7219 3 ай бұрын

“ 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

@BloorStreetCapital 3 ай бұрын

It's Jimmy Connor, thanks for the comment Glenn and for taking the time to view our content! Great quote from Milton Friedman!

@PaddyAU 3 ай бұрын

Australia also

@BloorStreetCapital 3 ай бұрын

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.

@gregmccain343 3 ай бұрын

Jimmy da man!!!

@willbennett7043 3 ай бұрын

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?

@BloorStreetCapital 3 ай бұрын

It's Jimmy Connor, thanks for the comment Will! I should have picked up on that and questioned him on it.

@bruceposch1449 3 ай бұрын

because half of canadians have a 340% debt to income ratio.

@zomgoose 3 ай бұрын

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.

@alexlaw13 3 ай бұрын

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)

@stephenburnage7687 3 ай бұрын

Renters are mortgage free

@ryancouture2508 3 ай бұрын

Wealth inequality has ruined everything.

@nickzivs 3 ай бұрын

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 🥲.

@davidbarlow372 3 ай бұрын

we will see but..i do not think so...

@LCculater 3 ай бұрын

I knew this 8 years ago 😂

@jaykraft9523 3 ай бұрын

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 ?

@BloorStreetCapital 3 ай бұрын

It's Jimmy Connor, thanks for your comment Jay! It's tough being a forecaster.

@The2000Bobby 3 ай бұрын

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.

@behonestwithyourself3718 3 ай бұрын

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.

@porkyfedwell 3 ай бұрын

People think recession is a relic of yesteryear because the FRB rushes to ZIRP whenever they possibly can.

@GF-po4lb 3 ай бұрын

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

@BloorStreetCapital 3 ай бұрын

It's Jimmy Connor, thanks for the comment! I know, it's crazy! The market just keeps going higher everyday.

@OM-nq9dd 3 ай бұрын

The US economy is only going forward with debt, it is not sustainable

@PeterParker-wj3cr 3 ай бұрын

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.

@BloorStreetCapital 3 ай бұрын

It's Jimmy Connor, thanks for the comment Peter and for taking the time to view our content! I agree 100%.

@adrianvisentin534 3 ай бұрын

Such a common sense guy. It's obvious. Why is this federal government so traitorious???

@jasonhenn7345 3 ай бұрын

Black rock and allies to buy up everything 4 pennies on the dollar

@petert1692 3 ай бұрын

So the well healed who have made things worse, are the first to complain? Wow, just wow!

@dougcomrie1893 3 ай бұрын

82 comments from 30 000 views after 9 days…..right

@shanesteele778 3 ай бұрын

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

@oliveoil7642 3 ай бұрын

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🤔?

@JamiesNewton 3 ай бұрын

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.

@peterbutz642 3 ай бұрын

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

@pyorba 3 ай бұрын

Yeah, but David, doesn’t the world explode if we have deflation in an economy leveraged like this?

@buckmaster7185 3 ай бұрын

This guy has cost me lots of money for being WRONG for over 2 years.

@lambertgervaisvachon295 3 ай бұрын

Me too buck, me too

@MmeuMar 3 ай бұрын

Stopped listening to him a long time back..... but others are worse.

@Mark-ez2vw 3 ай бұрын

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.

@magdacska 3 ай бұрын

It’s the Biden syndrome in Canada.

@jasonhenn7345 3 ай бұрын

Actually the wef plan most western countries have been selling out to

@easterntechartists 3 ай бұрын

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 !

@bobbydee2592 3 ай бұрын

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.

@BloorStreetCapital 3 ай бұрын

It's Jimmy Connor, thanks for the comment Bobby and for taking the time to view our content! Best SCF in years!

@RobbStonee 3 ай бұрын

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.

@ScottStraw 3 ай бұрын

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.

@OsborneLatin 3 ай бұрын

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.

@Tnks4cmin 3 ай бұрын

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.

@OsborneLatin 3 ай бұрын

*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.

@BevanBraselton 3 ай бұрын

I searched for her name on the internet, found her page, and reached out via email to schedule a conversation. Thank you.

@cliftonboyz1959 3 ай бұрын

Fairness smearness

@a88888888a 3 ай бұрын

Canada has no chance in the new world...

@BloorStreetCapital 3 ай бұрын

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.

@Rawdiswar 3 ай бұрын

@@BloorStreetCapitalBest at what? Housing bubbles? Failing healthcare? Outdated and inadequate infrastructure?

@porkyfedwell 3 ай бұрын

@@Rawdiswar At persecuting people who speak out against woke-ism.

@stephenburnage7687 3 ай бұрын

Canada has raw materials (oil, gold, minerals). That's more than Europe has.

@kristinashepherd3003 3 ай бұрын

@@stephenburnage7687owned by other multinational companies who really don’t give back much of anything

@sonyjoseph5426 3 ай бұрын

Rosenberg been calling economic colapse since the pandemic

@BloorStreetCapital 3 ай бұрын

It's Jimmy Connor, thanks for the comment Joseph and for taking the time to view our content. It's tough being a forecaster.

@Rick1234567S 3 ай бұрын

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.

@BloorStreetCapital 3 ай бұрын

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.