This is Part II in a series. Part I was last week. The case for why the Vancouver real estate will crash is simple: 1. Vancouver housing prices have soared the last twenty years. 2. The average Canadian wages have not kept up. 3. Mortgage rates have spiked up this year. Add up all these factors and it’s… Read More »
Part I of II For the last twenty years (since I have owned a home in Vancouver), we have been waiting for the apocalypse; Ibought my Vancouver home in 2003, and immediately I was told by everybody that it was a bad time to buy as the market was going to crash. Two decades later, I’m still waiting: Vancouver… Read More »
In less than a week, bitcoin mining stocks go from being the lousiest investments you could buy to being one of the hottest. The last time I wrote about bitcoin mining stocks, it was August, and the headline was “The Opportunity in Bitcoin Mining Stocks”. There WAS an opportunity there. An opportunity to lose lots of money if you… Read More »
Biggest winner of the week goes to those crypto-speculators who held BONK seven days ago: https://coinmarketcap.com/currencies/bonk1/ It’s hard to figure out the percentage gain because of all the zeros, but according to my calculations, each BONK was worth 0.0000001126 of a cent a week. Today it was worth 0.000001863 of a cent at the time of writing this… Read More »
This is a chart of Nasdaq that goes back fifty years, to 1972. I have highlighted five historical corrections of 10% or more. First, the bad news. They all lasted longer than one year, from peak to trough with one exception. November 1972 (Index was 133) to September 1974 (63). One year, 10 months, and a decline of… Read More »
The minivan froze on the driveway this week as it went as low as -10 Centigrade earlier this week. Now we are catching the edge of the storm that has engulfed much of North America. Earlier in the week, I let the fuel tank get too low, allowing for water to freeze up the fuel lines. My niece… Read More »
