Monthly Archives: August 2024

At 35x the average of the past decade’s earnings, adjusted for inflation, the S&P 500 basket of stocks is the third most expensive since 1871 (CAPE, in blue below, versus long-term interest rates in red, courtesy of Shillerdata.com). It is … Continue reading →

The same ‘easy money’ policies that enabled excessive spending and mal-investment in real estate fuelled a boom and bust now unfolding in the venture capital and start-up space, as well. This has broader implications for asset prices, lenders, investment, jobs … Continue reading →

Over the last year, more than 200 real estate developments in Canada became insolvent. Andrew Chang explains why, at a time of high demand for housing, a growing number of projects are falling through. Here is a direct video link.