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Monthly Archives: April 2018
Housing speculation undermining social stability
Excellent article on why the social contract and stability requires us to curb housing speculation and tax foreign ‘investment’ flows. Read Speculation tax is essential for housing affordability: A problem arises, however, when people can buy housing with income or … Continue reading
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Oil and loonie looking vulnerable
Oil and the Canadian dollar are hyped up once more on record speculative long bets. Downside now looms large on the slightest de-escalation in the Middle East amid slowing world demand and a secular increase in global inventories. Ed Morse, … Continue reading
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Recession and 40% plunge in equities baked in by extreme debt and prices
Interesting comment in this recent segment about US home prices having less downside risk and being more affordable relative to income today than in 2008. That is true in many cities. Not that several ‘hot’ markets are not set up … Continue reading
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