When the Bubble Bursts: Surviving the Canadian Real Estate Crash 2nd Ed- June 2018; writing, golf - 46 years as investment professional, one day at a time
Edmonton
Joined September 2011
- Tweets48.8K
- Following8.1K
- Followers13.1K
- Likes7.3K
Pinned Tweet
new link for interview youtu.be/9pElINZjaGk
Is Canada's Economy on the Verge of a Financial Crisis? bloomberg.com/news/videos/20… #cdnpoli #topoli #vanre #whenthebubblebursts
Huge mistake by Elon Musk to get involved with Trump in July 2024. There was really no need. Similar thing as buying Twitter. And to continue by pouring 100s of millions into the mid-terms? What's that saying? fool me once ... the word "fool" is also a noun.
Hilliard MacBeth retweeted
Electric cars about to overtake petrol.
I always said EVs would take over by 2028.
It’s looking like we can bring that prediction forward, by at least 6 months.
On the current trends, it’s possible that we will see a month, where more EVs are sold than petrol by April 2027.
By October 2027, EVs will outsell petrol cars, every month, forever.
.
Hilliard MacBeth retweeted
Breaking: China’s CO2 emissions fell 3.1% in Q3 of 2026, the largest drop since 2022 Covid lockdowns. High oil prices and EVs pushed down oil demand, clean energy growth displaced coal power, steel and cement emissions fell, and coal-to-chemicals industry growth kept slowing.
what about all that "you're richer than you think" talk?
The equity escape hatch has closed.
Average equity among homeowners filing insolvency has plunged from $150k+ to ~$20k.
Your house is no longer an ATM.
Full conversation with @JohnPasalis: youtu.be/a1jUz6p7H3s?t=933
Hilliard MacBeth retweeted
so stupid that every election is about gas prices while we have rendered cheap chinese electric cars illegal
Hilliard MacBeth retweeted
"In fact, there is not a single key technology behind the iPhone that has not been State-funded."
-Mariana Mazzucato
Hilliard MacBeth retweeted
“We don’t need to replace waste,” as I told @FT.
Electrifying doesn’t just change the fuel, it shrinks the amount of energy you need.
Our forthcoming paper finds the same useful energy with roughly half the primary energy.
I call it Electrofficiency.
ft.com/content/1a40a3af-933b…
the Democrats won big but their troubles are only just beginning. The leaders expected to take the top positions - Jeffries and Schumer - are both from NYC. Many in the caucus will be hoping for a fresh start, not the old guard.
columnist says Premier Danielle Smith of Alberta has to lay off the Maga vibe:
it will be tough to accomplish
Hilliard MacBeth retweeted
What they’re saying:
“Dunne has written a high-stakes thriller with enormous implications for the future of not only America's car industry but for America itself.
Car Wars draws you into the scene from the very first page."
—President, Ken Wilcox Shanghai Silicon Valley Bank (2011-2019)
Hilliard MacBeth retweeted
Just made an update from "my" Solar reality vs IEA graph for an upcoming book called "Power to the People". The difference is still going strong...
Hilliard MacBeth retweeted
The cost of housing comes mostly from land values, which are shaped by the work society does around it. It's fair for that value to be shared with the larger society that created it.
ALT Portrait of Peter Wills beside quote saying land value tax could be the market-oriented solution to housing affordability.
Hilliard MacBeth retweeted
📉 The 2023 rebound was a false bottom.
🇨🇦 MLS benchmark: $651,400, down 22.5% from the 2022 peak and the lowest since Feb 2021.
🔻 Ontario: −26.7% from peak. The typical home has lost ~$269K.
🔻 B.C.: −4.7% y/y, falling fast.
🔼 Quebec: hit record high in April.
🏔️Alberta: 3.6% off its peak.
🔮 My take for 2027:
No growth in ON or BC, and likely flat in QC and AB too.
My latest @globeandmail column 👇
---------------------
Provided by WOWA
Simply Know Your Options🔍
it's not a war on money laundering. There's been very little done to stop the flow, perhaps because many people benefit from the flow of money.
EDITORIAL: Losing the war on money-laundering
One of the most disturbing findings from last week’s report by auditor general Karen Hogan was multiple failures at the federal agency responsible for monitoring money laundering, including the financing of terrorist networks.
torontosun.com/opinion/edito…
This Cdn housing crash is far from over. If house px tracked inflation, wages, & shelter subindex of CPI, house px would follow the lower lines, about 2x since 2000. But house prices increased at same rate as household debt instead, a 5x increase.
yes, because all the mainstream textbooks describe the process that way, even though the Bank of England debunked the intermediary explanation many years ago.
Much of the confusion surrounding modern banking operations stems from the fact that people still think of banks as warehouses for money or mere intermediaries between savers and borrowers.
In reality, a commercial bank is first and foremost a profit-seeking business, with one crucial distinction: through lending, it can create its own liabilities, which function as money.
This is why modern banking is much better understood through balance sheets than through the metaphor of transferring pre-existing money from one person to another.