Provincial Governments Urge Bank of Canada to Stop Rate Hikes - The Loonie Hour Episode 99

[@mogulrider]

This immigration is not a blunder, it's a strategy

[@boogyjuggy]

Agree...poor Canada....what a mess...“First Quebec, and Ottawa and then the entire country...” ‘French power...’ PET. $$$, most people have no idea what happened to this country when Quebec, Trudeau, Lalonde... took over Ottawa ....the country...= corruption, fraud, money laundering, every day, every way = government...follow the money folks, follow the money...french power $$$, follow the money...in all provinces. People really have no idea who took control of the country and what has been done to us over the last 60 years.....thanks Trudeau #1, and his crooked, corrupt quebec cronies, scary indeed...And until we repeal the very expensive laws/departments - the charter, the equalization scam $, bilingualism (code for french), multiculturalism, a dreadful immigration policy...the damage will continue...the revisionist lies will continue...this did not begin overnight, decades of it...follow the money...see below.... kzbin.info/www/bejne/g5mzlIlmnNl5iJI Danny Williams , french corruption kzbin.info/www/bejne/q5rCiZqce8iYj8U Stats, language by province, bilingualism... kzbin.info/www/bejne/a5qqi3hsr92igbM french only Quebec, language laws, forced french all across the country…phony bilingual BS Danny Williams - Upper Churchill (PLUS) very good, kzbin.info/www/bejne/fnKTXqOpeciXpM0

[@jmela1370]

Immigration is LPC’s Last ditch attempt to save RE market but RE will still collapse from debt and the extra immigrants will add to the job market crash immigration will rise and worse healthcare will be main result

[@holi7858]

Strategy to ruin Canada

[@Ctrontite]

why are comments hidden on this?

[@Ctrontite]

3 comments but they wont show.

[@thecanadian8719]

"And the immigration statistics will balance itself" - Justin Trudeau

[@thanks4that261]

Underrated comment!

[@maxpayne7419]

We now know Eby has a variable mortgage.

[@GGTanguera]

900,000 international students got accepted thia year. Canada is on sale to higher binders! Most of them will end up in low paying service jobs.

[@redtroika8264]

Canadian elite need more slaves to prop up their potemkin economy and prevent their well deserved bankruptcy.

[@valerienikkel3072]

My husband and I volunteer feeding the homeless in our city located in Ontario. We have seen many people who are living out of their vehicles because their rent went up and they could no longer afford it. Add the cost of groceries, gas, taxes, etc, we are going to see more people living out of their vehicles and on the streets. 😢

[@MrFanstar007]

Canada is definitely entering a new era. Canadians are becoming poorer and poorer with every passing day. The government had every tool in their tool box, but failed miserably to use any of them to the point that they let this affordability crisis spins completely out control.

[@valerienikkel3072]

@@MrFanstar007 it really is ridiculous. 2 working Canadians can no longer afford a house or the cost of living.

[@MrFanstar007]

@@valerienikkel3072 Agree. As an example, my residential property has gone up about 3x in the last 7 years since I bought it. I should be the one dancing with all this bubblish equity on my property, but i am not. I don’t understand how every postal code in this country got hijacked by speculative mobs forcing all Canadians to this mess. This country is already a high tax country. With average household income lower than $100k and take home pay at 30 percent lower than actual salary in average, how do elected officials expect Canadians to afford shelter and carry all other expenses with their take home pay? The math simply don’t work.

[@valerienikkel3072]

@@MrFanstar007 I agree 100%!

[@funbags6471]

It's only a smooth million miscalculation 😂, also it wouldn't surprise me if Stats Can actually knew the real numbers and Trudeau wanted them to be kept hush hush.

[@shelterskelter]

Whoa whoa whoa what. They under estimated by a million! Wtf

[@siddelly]

My local MP here in Burnaby North is Terry Beech Liberal whom I supported in the last two elections. After you guys mentioned the non-PR problem just now I Googled him , and it turns out he has a review of 4.8 out of five, with almost every review mentioning “Thanks for helping with my PR application Melanie!” If you guys like data, it would be interesting to see similar Liberal reviews from across the country to see if this is part of their re-election plan. Is it possible I am being too cynical?

[@winstonskafte5505]

Maybe google Terry Beech - WEF .

[@TheNewSchoolGamer]

In terms of Canadian economic data, I fell like the math stopped mathin' after 2019

[@BellaBella-jw9ef]

2015

[@rosella3966]

I am Australian and a Canadian Permanent resident that moved back home to Sydney in 2020 after five years in Toronto. I've been saying for YEARS that there is an undercount of the population in the GTA. 7 Million? More like 10million.

[@junehall3700]

Rich, Thank you for sharing your comments on Dr.King’s speech. , especially for quoting the line you did. It points to your integrity as well.

[@thanks4that261]

Just made a presentation on financial literacy and investing today to 60 people in their 20's in BC. One 23 year old was passionate about the problems she's having with just getting by, another audience member yelled out "just cancel Disney plus" and we all had a good laugh. Thanks Freeland, you're incompetent, but you make us laugh at least.

[@thanks4that261]

One problem is that their solution is for more government handouts... they still don't understand the impact of those stimmy cheques.

[@maxpayne7419]

LOL you misspelled incompetent.

[@thanks4that261]

@@maxpayne7419 oops!

[@phoenixrising4995]

Lol cancel Disney and be a okay. Rodger that at least there will be less woke in the world.

[@holi7858]

Congrats on episode 99!!! Keep up the great work we appreciate all the information

[@Tommy0055-u1m]

Canada needs double digit interest rates.

[@thanks4that261]

The infrastructure is pathetic. We DESPERATELY NEED more doctors and nurses because health care is unavailable for so many. We need more schools and roads too, some can't even go to the school across the street from the house they just moved into, so they're forced to drive 15 minutes away. It's the worst planning I've ever heard of, this entire administration might go down as the worst Canada has ever experienced.

[@gottasay1157]

WoW forced to driver 15 minutes, must be tragic. Why bother with schools, there not teaching the basic of math, they only teach them they and there

[@maxpayne7419]

Who are you mad at? Schools, roads and hospitals are provincial and municipal matters. Is driving 15min to school a hardship? The federal government is guilty of bringing in a high number of immigrants and not working with provincial and municipal governments to ensure they can handle a growing population. But the reality is Canada has a tight labour market and we need immigration (eg it will help with the Doctor and nursing shortage).

[@thanks4that261]

@maxpayne7419 oh yes, brining in doctors would be fantastic! Unfortunately that isn't as smooth as you'd hope. And yes actually when you live 30 seconds from a school and have to drive 15 minutes each way in a time where everyone is crying about fossil fuels, wouldn't it be nice to have less cars on the road, less traffic. I'm not sure where you live but I love in a very desirable city. 5 years ago a block would have 10 houses on it, now it has 2000 condos and rowhomes, zero road improvements, zero additional school, and it's common knowledge that many people don't have a doctor. A friend born and raised in Canada just moved here and has been on a wait list for a doctor for almost 2 years now. This is the wonderful country of Canada I was born and raised in? It's become arguably the worst country in the G20. I've personally lived in 7 countries and now that I'm back in Canada I'm embarrassed at how bad it's become. I know local problems aren't handled at a federal level, but if anyone says our federal government is doing a spot on job then they live in a bubble of ignorance. I could go on, I'm a financial planner and know first hand that most canadians are not in a good financial place right now, combine that with the lack of health care, growth of drugs and homeless problems, and lack of infrastructure in our cities and towns and it's a shit show, not to mention the lack of enforcement of the law by our soft judges. It's no wonder we saw a low amount of temporary residence permit holders convert and stay in this shit hole country. If I wasn't from here and have all my life here then I certainly wouldn't be moving my life here.

[@maxpayne7419]

@@thanks4that261 wow, you’re a very miserable negative person. Boo hoo!

[@Iliinois18]

​@@thanks4that261it's all going according to their plan...

[@mpo9T0]

Great podcast but something was mentioned yesterday which I think was a little disingenuous. Although StatsCAN did say that they were going to use a new methodology to estimate non-permanent residents, they didn’t say, at least from what I’m reading, that the 1 million number is correct. We don’t know that at this point so we will have to wait and see. Maybe it is 1 million and maybe it’s 50k. We don’t know and to suggest otherwise is misleading in my opinion.

[@michaelcorey9890]

Existing subscriber for a couple years but first time listening to the loonie hour, really enjoyed it.

[@heydude696969]

Canadian data fudging is starting to look a lot like Chinese data fudging...

[@ethimself5064]

Stats Canada would do good by hiring sharp grade 8 students - 🤡

[@gottasay1157]

they out sourced it to an immigrant

[@ethimself5064]

@@gottasay1157 A grade 5 no doubt

[@tylerjodeblock1224]

They can't afford to pay grade 8 students because they need unemployment numbers to go up. Not to mention that the incorrect statistics numbers were not a mistake. They are incorrect for a reason

[@kevinbarr9933]

99 The Great one's #; Congrats, I look forward to the 100 episode marker, and what's coming up, in the September to Remember! And, it's going to be a Wild month kicking off with the .25% hikes and the Ottawa marches! Everything kicks into high gear after the September long weekend!

[@49riffinator]

Hi there, just came across your show - YT recommended it to me on my home page. Half way through and subbed, congrats to your friend's son on getting into act sci. I'm a young actuary in Toronto working with a lot of Waterloo grads

[@Matt.k864]

The Canadian consumer has some of the highest debt loads in the whole world

[@huskavarnapunkband]

all by design, from people in another country who will Profit big time

[@jmela1370]

@@huskavarnapunkbandRE in that country will crash as well from too much debt

[@kevincarapanta3071]

Rich - provide a link for this Childish Gambino (This is America) and Tiff Macklem please, cannot find it

[@devinmasson8507]

.

[@ivanandreevich8568]

If Keith made a show where he would - every week - make fun of the European Union for a whole hour, I would totally watch it with a huge grin on my face.

[@o362436o]

To Keith's point about Blackrock or Pimco private credit offer: WealthSimple started advertising private credit to their retail customers earlier this year. Quite the departure from their previous usual positioning.

[@maxpayne7419]

I distinctly remember when I was a teenager in the late 80’s hearing people say my generation (Gen X) were going to be the first generation to fall behind our parents. We were all screwed…. Wrong! And now 35 years later I hear a constant doom and gloom and pessimism again. Much of it is political rhetoric. There are headwinds for sure, but my view is there is a ton of opportunity in Canada (just like there was for my generation) for those who want to work hard and find it. Pessimism in politics and the media is one of the biggest roadblocks Canada faces.

[@matthewking-dy8hh]

Fiscal thrust prob the best pick up so far.

[@zafarhussain9964]

Their mistake cost millions of lives to get distracted but no one resigned. No one takes responsibility. What has happened to our society? Feeling like a third-world countryman.

[@Mr3T3RNaL]

Keith’s outfit on this podcast looking too clean 🔥

[@dennyc9159]

Rich... on king day in Detroit, one of the radio stations plays the full speech as well. So you aren't the only one who has this tradition.

[@notalmostfamous9773]

Let's all take a minute to recognize that Keith travels with that disco ball Mic. The man's a trooper.

[@ivanandreevich8568]

Can someone post a link about the under counting by 1 million by stats can?

[@andrewb5412]

But muh bank of Canada is separate from government 😅😅. I love when I hear people say that. So deeply blue pilled

[@mtrest4]

Central banking destroys the productive economy. No person should ever be handed the power to fix prices (set interest rates) and counterfeit (print money). What part of that is Capitalism ?!

[@mkyhou1160]

Buy real estate. BOC is way behind the curve, with massive Govt deficits and high immigration, inflation isn’t going anywhere and RE is always the best inflation hedge over time. It’s the 70s all over again.

[@TheWhiteAfghan]

I smell a realltor in the comments.. 🤡😂😂😂 🤣🤪🤡

[@mkyhou1160]

@@TheWhiteAfghan lol, no. I’d love to see a crash but most people with these million dollar homes purchased them a decade ago and have their mortgages paid off. More an observation from my childhood, when you have poor government policy it’s not about buying productive assets, it’s about buying the assets trust fund babies are investing in.

[@TheWhiteAfghan]

@mkyhou1160 average detached home price for anything decent anywhere in gta has been over 1 million for a while now. Those people you are thinking about is a lot less of the population. You cant base your life on the 15% of the population who are wealthy

[@shayhildebrand337]

All fun and games until they slap on a home equity tax.

[@BellaBella-jw9ef]

@@shayhildebrand337and capital gains on principal residence…

[@sliekerstar]

I’m moving to Vietnam for the winter, Canada sucks

[@skr5420]

10:00 Correction: They shouldn't spend more money collecting data, they should just do a better job at it.

[@smokeyjon2000]

Ha wait, where is this Tiff Macklem/Childish Gambino vid? I can't find it anywhere

[@devinmasson8507]

Wasnt able to find the tiff macklem childish gambino cover that rich mention? Could somebody post a link please? Google and youtube are hiding central banker criticism again

[@maxpayne7419]

Locking in from a variable mortgage rate to a fixed mortgage rate right now is the equivalent of selling all of your stocks after the market crashes.

[@kevinn1158]

Pretty sharp going to Waterloo? Ummmm. how about really sharp. That's a very difficult program to get into. Congrats!! Statistically, all you really have to do is note the inherent inflation rate in the real estate industry. It's been wildly out of whack for 2 decades. This has been ignored for far too long and it's not just immigration, although this is a big element in the last decade. Foreign investors, domestic investors, foreign students, bloated agent fees, land transfer taxes, development fees, immigration, record low interest rates, the introduction of 30 and 40 yr mortgages, slow building approvals, archaic development restrictions.... it's all contributed to this problem. Wage inflation was dusted back in 2009-2010. It's' laughable that all of a sudden this is a problem. What's even more amazing is our new mayor thinks the solution is more public housing. The city politicians are building townhouses for public housing in Downtown Toronto thinking this is affordable and efficient. Nuts.

[@kevinn1158]

@icecapassetmanagementlimit849 From 1 proud dad to another. My kids are younger, but I can imagine how rewarding it is to see your child become such a success. Good job my friend.

[@stuomsen5094]

#LiberalsMustGo BoC will raise... why didn't Eby send a letter while they were printing money? Eby came into power with a multi billion dollar surplus and within 6 months we were in a big defecit again... why didn't he pay down some of BC's debt... BC's suffereing is from lousy policy decisions and not the fault of the BoC who have a specific role and are reactionary

[@BellaBella-jw9ef]

Absolutely. He should be opposing the carbon tax if anything.

[@Dean_W-Cdn]

Outrages. Institutional sensor ship and the woke complainers should be charged with liable.

[@dirtlump]

Speaking of "Mark to Market" and Canadian Banks..... FORGET rising Loan Loss provisions.... what planet are those idiots on when it comes to their extended amortizations in their books ?

[@janusaflorida7909]

thanks for info on loan loss provisioning....although speculation as to the numbers being used is warranted....and I have read comments about companies using non GAAP earnings rather than GAAP earnings --to dress up returns.....

[@markhoffman]

Rich: “The size”? Mrs. Icecap: 😊

[@EliF-ge5bu]

Don’t you do census in Canada where you count EVERYONE?

[@rustyscrapper]

Toronto is going to fall so hard when the financial system stops deluging toronto with stock exchange profits. And government spending will be foribly cut which will impact capital cities the mist since thats where the laid off employees live. And the real estate bubble will cause a feedback loop of losses in real estate causing lower prices and more losses causing lower prices causing more losses. Toronto is done.

[@maxamillion8384]

50 year amortization and on and on = u will own nothing and not be Happy

[@ArZ00765]

Sure sure pause rates and then cut and let hyperInflation do the job where your wages don’t cover shit and your dollar value goes Kaput 😂😂

[@Dertrend]

Anyone have the link to the Tiff Macklem Gambino video?

[@devinmasson8507]

I'll follow in case someone posts...

[@paulpoco22]

I had built up a large Mortgage Cash account balance, went in to readvance that money at 2.05% to pay half of a 9.98% car loan off.

[@Picklemedia]

Steve it would be great if you could link the sources used in the video. At least the pertinent ones. Thanks

[@maangatt3139]

start a newsletter mate

[@GGTanguera]

So, Canada is officially second world county. What happened to the independence of BofC? I

[@EliF-ge5bu]

Nobody really uses that term when it come to the economy. You’re either a first wold or a third world. Guess which direction Canada is moving to.

[@bilbobaggins4462]

Does this mean Freeland will be revising her phoney GDP numbers? Place your wagers!

[@mt8474]

Can we even trust that the million number is correct? Lets remember is rarely the technology that's at fault.

[@quixomega]

I know this was recorded yesterday, we know how that we've been in recession (classic definition, negative GDP growth) since Q2.

[@mt8474]

This makes me wonder how confident America is with Canada "protecting our Borders". I see more taxpayer money going to Lockheed Martin and Boeing in our future and less to healthcare and education.

[@GumballGarage]

Canadian Real Estate Fundamentals - what fundamentals?

[@maxpayne7419]

Is Keith trying to look like Arthur Fonzarelli?

[@markhunt5019]

A million people not paying taxes? A million people not earning any taxable income? Universities and Colleges not reporting tuition payments of non-residents? And yet these same million people taking Canadian homes? Benny Tal’s bank has been publicly humiliated for its incompetence in granting loans and the overseeing body is trying to rein in the CIBC. Tal has an agenda to get the BoC to lighten up because his bank is so incredibly overextended. Finally, non-Residents are certainly not Canadians, nor do they have the right to remain in Canada. There are always transients in every country. Btw, kick out all of the non-Residents and see what happens to your economy. Because, apparently these people are largely only spending money…. I mean, do they have Health Care? And people didn’t notice an extra million people with access to health care? And they are not collecting UI, or other social services….? I think a lot of people whining have never tried being a non-Permanent Resident in a country. Overstay your Residency Permit in the USA and you’re banned for 3 years from entering…. Finally remember the 2 year ban on foreigners buying a home…. So, what? A million overstay non-residents renting and just freely spending money from their home country, while not working????

[@BellaBella-jw9ef]

Yup. Canada is too soft. Lived in Uk and much stricter.

[@fwra1234]

thanks for another week 💪💪

[@jasonpepper658]

CAD lower is a great opportunity for US to buy our natural resources...even our labour becomes cheaper.

[@01234EP]

Let’s not forget the conservative government was hell bent on removing the long form cenus. Seems like our country wants less data

[@julianraigoza9090]

Exellent episode guys !

[@janiceho6034]

If you see the data come out today , bank of Canada is more likely to hold the rate . Hope it will no longer hold the rate and rate should drop next year . I believe someone may lose the job and need this pain to get the rate drop .

[@BellaBella-jw9ef]

It’s going up.

[@addyinvest]

Great episode - thanks for including us!

[@meddlehedd1194]

my daughter is taking Engineering at U of T. Three weeks ago she and her roommates offered $54,000+ ALL PAID UP FRONT SEPT 1st for 12 months rental of a 3 bedroom in a 3 story walk up near Church and Jarvis. The landlord turned it down

[@nickjohnston3882]

This is very sad. Young Canadian born students should be livid.

[@TheWhiteAfghan]

It's actually not even legal to prepay rent. The owner probably got terrified at repercussions if landlord tenant board were to ever hear about that pre payment

[@handaferguson]

Great Job!!! Thank You... :-)

[@huskavarnapunkband]

Eby was previus housing minister, so hes holding 12 rental units on variable. Lol

[@svc2461]

A halt or worse even a reduction to the rates would guarantee a recession. Canada's economy is screwed either way, beyond repair.

[@thanks4that261]

Ronin is so good

[@obesia1873]

Hey you guys speak French? It feels like you could benefit from following Jimmy Jean who's Desjardins' chief economist and in general being able to follow what's happening in Quebec which is quite often in contrast with the rest of the country. For instance, Montreal is far more affordable and you can't apply what's happening in Vancouver and Toronto to its case, or following Caisse de dépôt would be quite important to know about Quebecois economy. Likewise, talking about the big banks but never mentioning Desjardins seems off since it acts like a bank for such a big chunk of the population.

[@peterkopic6089]

Have a great long weekend!

[@jodystrumila8665]

Alot of people say its the 2024 and 25 that we will see fireworks if they happen. In my humble opinion i think it will be the 26,27 that we will see it.

[@SeanTheNoob]

Eby must be holding some bags

[@Jt-hl4yv]

missing the commentary at the beginning of the show talking about the real estate sales and market

[@jmela1370]

Deliberately left out lol

[@jmela1370]

@@Maxknell it’s all good since we know the sales angle his view is It’s why I look at videos or stories from all over the place and put together a full picture and I don’t just listen to the RE agents, banks and government or else I’d be in serious financial trouble. Is lol

[@BellaBella-jw9ef]

@@jmela1370yup. Soft view. Dancing around issues.

[@jamesruscheinski8602]

focus on divine central authority

[@Cfhx]

Pop that collar Keith

[@phatster88]

Patagonia vest.. check

[@meddlehedd1194]

Commercial space needs to be rezoned and renovated for residential use.

[@steveshideler1333]

Cost more to renovate than to just demolish and build new. Major thing about converting office space into residential is the need to totally redo the plumbing. Office plumbing is no where near adequate for residential needs.

[@Picklemedia]

Yeah you can just add plumbing, electrical, HVAC, cable, fire escapes, etc after you build a building. It's real simple and easy

[@fillmorehillmore8239]

I was un-subbed against my will. Chinada's governments aren't liking this content.

[@justinjones5281]

Yeah stats are based on what’s collecting the data and what are the intentions behind the collection of the data. I’m not a conspiracy theorist, but all data is garbage today. This is why all these mistakes are being made. We have been chasing our tails like an excited dog. Add free money on top of that, in a country with free surgeries etc subsidized dental medication. The list goes on. Not going to say, what did you actually think? Rural areas are built up with shopping malls and roads. That’s the only money being spent. I agree with you guys, we need to spend way more money on collection of good data. Non biased shit collecting first.

[@thejuice3819]

Ants and Grasshoppers

[@thejuice3819]

I take it back. Ants and Praying Mantises

[@janiceho6034]

You are wrong. Majority of the economists are expect not increase rate and only raised chance is 30 %. You are too much thinking about US.

[@mtrest4]

Majority of economists... ...are clueless

[@DuncanL7979]

You don't understand macroeconomics. The US/Fed is the big swinging D here and BoC is just along for the ride. If the Fed continues to raise then the BoC MUST raise rates proportionally to continue to make Canadian debt attractive. Who will buy Canadian bonds if US treasury bills are paying higher interest rates?

[@EliF-ge5bu]

Canada can’t really set its monetary policies without taking into account the US. Canada can’t afford to have a big gap in interest rates with the US.

[@segasys1339]

1M extra people is bullish housing. Going to do some more flipping, lambo soon.

[@jmela1370]

Enjoy the RE crash

[@segasys1339]

@@jmela1370 u mad bro?

[@DuncanL7979]

Flipping and flippin' until I'm flippin' off into the sunset, boys. There's no stopping this unending prosperity bruv.

[@jmela1370]

@@DuncanL7979 if you’ve sold your last flip, you might as well go on vacations for a few years and then come back and do it over again in 2026 or 27 Any unsold flips now in Canada will be capital losses

[@segasys1339]

U also mad bro? There are 69M people who would get on a plane and come to Canada tomorrow. Infinity immigration = inifnity lambos. You seem like a nice guy though, you can borrow one of mine anytime.@@DuncanL7979

[@John-bq9jh]

If they pause we are doomed. This bubble will burst and the longer it goes on the worst it will be.

[@marksmith6787]

Why? I would like to know your thoughts?

[@John-bq9jh]

@@marksmith6787 prices peaked during the pandemic. They can’t go any higher except for wage gains. House prices have only gone up because of rates not wages. The pandemic was the lowest possible rates that can ever be had. They just can’t go lower than zero. How can they possibly go higher than that. Right now there is a lot of homeowners who have used their HELOC to buy stuff ever increasing their mortgages. With BOC rates at 5% they just can’t afford to pay the interest. Pause and people will go crazy again thinking rates are going back to zero. Not going to happen. If rates go down so does our dollar since oil is priced in us $ then inflation will increase. Canada is the most indebted and with the largest housing bubble in the G7. Go google Canada vs USA housing and look at the images. It says it all. Even worse is that most of those graphs don’t even include the pandemic. So keep this housing bubble going and a depression will result. Need to understand that housing is near 10% of gdp. I’ve been through numerous housing bubbles and crashes. They always follow the same pattern. In 70’s 80’s 90’s and 00’s we missed it in the 10’s all because of variable rates which are essentially teaser rates. It’s different now. And shortly after the crash. Then rates are dropped and prices rise only to crash and then rates are dropped again. Repeat again and again. Except rates can’t be lowered like the last 40 years or inflation will go up. They were only able to drop without increasing inflation was because of China and globalization. That’s over now and the the new buzz words are on shoring friend shoring decoupled. In a nut shell prices are going up. Wait till that 1000$ washer and dryer set made in China is made back at CAMCO in Guelph where they were 40 yrs ago in a union shop. Prices are going up and there is nothing that can be done.

[@lgmnowkondo938]

I like to sit and listen to MLK and it's just something I like to do...but I will tell you I do it to seem like such a great and caring guy. And it's even more amazing because I love this guy...and it turns out he's black...therefore making me an even BETTER guy! Now you can buy my products...because I'm good.

[@romant3200]

Real estate neds to crush Rates to go up Prices to go down Big crush is needed in order to restore the entire system Bad ending crisis is better that an bad crisis never ending

[@marksmith6787]

How much does it need to crash before you can afford a house? 80%. Unfortunately the price at which an average person can afford was in 2000 24 years ago when a chocolate bar was .50 cents.

[@BL-eo8ww]

keep wishing...renter...

[@laineyv6434]

Couldn't find the video Rich recommended 🥲 Tiff Macklem x Childish Gambino??

[@devinmasson8507]

We need someone to post a link

[@GearsDemon]

Even with all of the recession indicators flashing, this podcast was fairly sanguine.

[@FirstName-rt9uf]

Keep keeping it real boys.