Merci for your hosting your wonderful guest, David Rosenberg. He is the best informed economist about Canada and USA too.
@BloorStreetCapital
Ай бұрын
It's Jimmy Connor, thanks for your comment and for taking the time to view our content! I agree, he is one of the best!
@kellikline6359
Ай бұрын
Intelligent people in the US know we are on a nose dive.
@davidfellowes1628
Ай бұрын
Not just Canada, most economies
@jasonhenn7345
Ай бұрын
Yep the wef plan right on track needs global bankruptcy to bring in cbdc etc,, Brics to end usd dominance and bring hyperinflation that will spill over here next yr
@Leceister4231
Ай бұрын
But also canada. As he said canada is in a much worse place than most countries. But people on canada don't want to admit this.
@jasonhenn7345
Ай бұрын
@@Leceister4231 it's the wef agenda 21,30,50 plan right on track, stinks, time to freshen the air, learn about it, then do b something like educate others soon, very soon or it will not be reversible
@ryu_street_fighter561
Ай бұрын
Canada is socialist and failing and most Canadians refuse to believe anything bad about Canada.
@amitshah911
Ай бұрын
@@Leceister4231agreed
@frankarena838
Ай бұрын
I'm an engineer and my eyes light up when you talk about excess supply. Love Rosie!! He's the best. G'day from sunny Sydney Australia. Thanks James and David. Very interesting.
@johnh5896
Ай бұрын
David is a great example of how intelligent sometimes people that don’t scream and talk trash can be.❤
@BloorStreetCapital
Ай бұрын
It's Jimmy Connor, thanks for the comment John and for taking the time to view our content! David is a great speaker.
@frankbeneditto2648
Ай бұрын
Great interview and great insights on Canada, doesn't look 'Rosie'
@user-jt7qo8do9g
Ай бұрын
Canada immediately needs to start getting its resource industry built. We will faulter economically if we don’t!
@neolithictransitrevolution427
Ай бұрын
If you mean mineral mining, yes. If you mean oil expansion, I think it will kill us economically.
@ragingchimera8021
Ай бұрын
@@user-jt7qo8do9g we are too late, not enough skilled people anymore.
@good2goskee
Ай бұрын
The debt in Canada is primarily about the mortgage debt
@cliftonboyz1959
Ай бұрын
Canada is in the crapper..look at make up of job growth🎉 and there is stubborn adherence to monetary inflation fighting techniques. Trudeau’s father fucked up the economy and guess what, his sons antics are exactly the same. Canucks are way too forgiving and kind.
@jimmynolet3752
Ай бұрын
A lot of federal institutions are broke at the moment and have a hiring freeze going on they are barely able to operate
@good2goskee
Ай бұрын
@@cliftonboyz1959 agreed
@petewick8627
Ай бұрын
You’re in fantasy land
@good2goskee
Ай бұрын
@@petewick8627 do explain...
@michaelbrown5311
Ай бұрын
Thanks Jimmy, Rosie is always a great guest!
@Notasheepbaa
Ай бұрын
Love the interview. Thank you.
@terryroberts623
Ай бұрын
Rosenberg is excellent!!
@johnmorelli3775
Ай бұрын
Lets hope Trudeau resigns - his economic policies have been detrimental to Canada's economy.
@BloorStreetCapital
Ай бұрын
It's Jimmy Connor, thanks for the comment John and for taking the time to view our content! Change is coming!
@nickzivs
Ай бұрын
Wages haven’t kept up with debasement/loose monetary policy that widens the wealth gap by choosing those with assets as winners and those without as losers. That is why most people are struggling, they don’t have enough real wage growth or financial assets to keep up especially the young generations.
@johnmorelli3775
20 күн бұрын
....and Liberal progressives are defeated in the next election. Trudeau's cabinet has been as detrimental as Turdeau himself.
@gregfraser2763
Ай бұрын
Banks should only mortgage 6X median income for the area in which the house is. This prevents the bubble and fomo. The banks provided the rope for the buyers. Above 6X median income then you pay cash. Maybe also a price per sqft range so consumers are not forced to pay riduculous price per square foot to buy 400 sq ft shoebox condo.
@stephenburnage7687
Ай бұрын
The 6X multiple only developed in the era of low interest rates. It used to be 2.5X, not that long ago.
@gregfraser8784
Ай бұрын
@@stephenburnage7687look at long term price to median income chart.
@ragingchimera8021
Ай бұрын
Our entire ability to maintain our industrial capacity is running on borrowed time... think about that.
@BloorStreetCapital
Ай бұрын
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! It's just a matter of time!
@marksnead9805
Ай бұрын
Can't believe he said 'Japan is a long term play'.
@gordpearson9802
Ай бұрын
Good interview, thanks James/David
@davidchurch9005
Ай бұрын
Bingo! That’s what Canadian Government needs to do! I vote for you David for PM!
@GillerHeston
Ай бұрын
The economic crisis and downturn are all the signs of 2008 market crash 2.0, so my question is do I still save in the US dollar or is it okay to move all emergency and savings to precious metals?
@jcurdrayeric243
Ай бұрын
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
@rogerwheelers4322
Ай бұрын
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
@joshbarney114
Ай бұрын
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
@FabioOdelega876
Ай бұрын
@@joshbarney114 I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
@joshbarney114
Ай бұрын
Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@willbennett7043
Ай бұрын
How can you say that debt to income in canada is 170% and then 3 mins later say most canadains are debt free and don't have a mortgage?
@BloorStreetCapital
Ай бұрын
It's Jimmy Connor, thanks for the comment Will! I should have picked up on that and questioned him on it.
@bruceposch1449
Ай бұрын
because half of canadians have a 340% debt to income ratio.
@zomgoose
Ай бұрын
The debt-to-income ratio in Canada is actually 180%. Rosenberg was low on the number. It has been exorbitantly high and increasing for a long time. It easy to find that information.
@alexlaw13
Ай бұрын
Most Canadians don't have a mtg. The ones that do 1) are much higher than 180% 2) under report income and thus back to 1)
@stephenburnage7687
Ай бұрын
Renters are mortgage free
@Tinitiny2023
Ай бұрын
“The majority of Canadians don’t have a mortgage, most of the Canadians are debt free”….and are strapped for spending. Another way to express this is categorizing it into the percentage of people renting without a house and the percentage own a house without a mortgage.
@BloorStreetCapital
Ай бұрын
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! You raise an interesting point, when he says that it sounds like Canadians are doing very well but in reality they are not.
@jaykraft9523
Ай бұрын
Rosenberg 5 years ago: "We'll have a recession next year" (no recession). 4 years ago: "recession has already started" (no recession) 2 years ago: "the risk is recession" (no recession) 1 year ago: "recession is slamming demand" (no recession) 9 months ago: "recession coming in 6 months" (no recession). Trend here ?
@BloorStreetCapital
Ай бұрын
It's Jimmy Connor, thanks for your comment Jay! It's tough being a forecaster.
@ngmookleong3415
Ай бұрын
no problem as long as Canadian call their America their friend, comrade and allies
@BloorStreetCapital
28 күн бұрын
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Dam rights we friends/allies!
@LCculater
Ай бұрын
I knew this 8 years ago 😂
@vincentmurphy9252
Ай бұрын
You do a better Job then last guy who’s at thoughtful - he was really good so just wanted to throw that out to ya
@joellynparks7805
Ай бұрын
Time well spent listening
@bbeamish08
Ай бұрын
stock market is ultimate leading indicator, yes US stocks are overbought and due for a correction but the market hasn't 'topped' if it is making new ATHs. Frankly, I'd be far more worried about Canada then the US atm. 22m...nailed it
@BloorStreetCapital
Ай бұрын
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! I agree 100%
@ithomson2672
Ай бұрын
i would like to see what his thoughts are on the rapid increase in US debt purchases by Canada from 2018 to 2024. Low interest rates near zero from 2018-2023, when Powell jacked up rates. Big unrealized capital losses?
@BloorStreetCapital
Ай бұрын
It's Jimmy Connor, thanks for the comment/question! I will bring this up during our next discussion.
@nickzivs
Ай бұрын
Just cut corporate taxes so they can issue more dividends and/or buy back more stock … and at the same time do more consumer-targeted stimulus by the government. The catalyst is all tools in the toolbox that amount to a weaker dollar 🥲.
@davidbarlow372
Ай бұрын
we will see but..i do not think so...
@gl9139
Ай бұрын
Insightful thoughts. Is Rosenberg insisting on a trickle down policy? If top tier tax should be cut then write offs should also be cut. Let’s make it even steven.
@PaddyAU
Ай бұрын
Australia also
@BloorStreetCapital
Ай бұрын
It's Jimmy Connor, thanks for the comment Joseph and for taking the time to view our content. How bad are things in Australia? Maybe I should interview someone who knows that economy.
@dougcomrie1893
Ай бұрын
82 comments from 30 000 views after 9 days…..right
@The2000Bobby
Ай бұрын
Great interview. I am a bit perplexed on one thing - Capitalists are Capitalists only when they don't mess up. And when they do, socialism kicks in - all those massive bailouts funded by tax payers (and even with that bailout money, senior management of those companies get tens of millions of dollars as salaries and bonuses). How can you square the circle - cut taxes and also government spending. The income gap with is already at record high will increase further and that would be a social disaster.
@behonestwithyourself3718
Ай бұрын
I believe in capitalism but i agree with your statement. You have to let them fail. Government bailouts are not fair to the tax payer. Its a inflation tax and wealth transfer tax really.
@glennbeard7219
Ай бұрын
“ Nothing is more permanent than a temporary government program “ Milton Friedman. As an unabashed free market capitalist you realize that any government intervention in the economy produces negative results including historical depression
@BloorStreetCapital
Ай бұрын
It's Jimmy Connor, thanks for the comment Glenn and for taking the time to view our content! Great quote from Milton Friedman!
@porkyfedwell
Ай бұрын
People think recession is a relic of yesteryear because the FRB rushes to ZIRP whenever they possibly can.
@OM-nq9dd
Ай бұрын
The US economy is only going forward with debt, it is not sustainable
@GF-po4lb
Ай бұрын
I am excited for the bear market. I have been hearing about it for a decade so I am sure it will be very impressive
@BloorStreetCapital
Ай бұрын
It's Jimmy Connor, thanks for the comment! I know, it's crazy! The market just keeps going higher everyday.
@jasonhenn7345
Ай бұрын
Black rock and allies to buy up everything 4 pennies on the dollar
@gregmccain343
Ай бұрын
Jimmy da man!!!
@ryancouture2508
Ай бұрын
Wealth inequality has ruined everything.
@PeterParker-wj3cr
Ай бұрын
The economy and stock market are two different things. I think because the stock market hasn't crashed and continues to make new ATH's. That is causing many to view a strong economy. But once you look under the hood. You will start to see some issues.
@BloorStreetCapital
Ай бұрын
It's Jimmy Connor, thanks for the comment Peter and for taking the time to view our content! I agree 100%.
@petert1692
Ай бұрын
So the well healed who have made things worse, are the first to complain? Wow, just wow!
@adrianvisentin534
Ай бұрын
Such a common sense guy. It's obvious. Why is this federal government so traitorious???
@bobbydee2592
Ай бұрын
Only FACT is the Sun going to explode in 5 billion years. Other than that everything else is just speculation. Let's now go watch the Stanley Cup Final again.
@BloorStreetCapital
Ай бұрын
It's Jimmy Connor, thanks for the comment Bobby and for taking the time to view our content! Best SCF in years!
@shanesteele778
Ай бұрын
Canada has lots of troubles but high immigration means high demands so i dont think there's a over supply issue. High population is skewing the models. keep up the good work David
@oliveoil7642
Ай бұрын
High immigration means high demands? They may have plenty of demands but the funds will have to be printed to meet them causing even more inflation. They have thus far been provided free food, clothing, allowances, shelter….. How do you think this will all be paid for🤔?
@JamiesNewton
Ай бұрын
Lol high demand for Honda civics if that’s what you mean. The immigrants coming in aren’t buying anything. They walk around in pants that don’t even fit them.
@buckmaster7185
Ай бұрын
This guy has cost me lots of money for being WRONG for over 2 years.
@lambertgervaisvachon295
Ай бұрын
Me too buck, me too
@MmeuMar
Ай бұрын
Stopped listening to him a long time back..... but others are worse.
@magdacska
Ай бұрын
It’s the Biden syndrome in Canada.
@jasonhenn7345
Ай бұрын
Actually the wef plan most western countries have been selling out to
@RobbStonee
Ай бұрын
I've kept much of my savings in cash for safety, but I'm unsure if it's right for retirement. Contemplating investing $400K in stocks, as I've heard investors can profit in tough times. Unsure about my next move.
@ScottStraw
Ай бұрын
Keeping savings in cash may feel safe, but it might not be ideal for long-term growth, especially for retirement. Consider seeking advice from a financial advisor to create a diversified investment strategy that aligns with your retirement goals.
@OsborneLatin
Ай бұрын
Yeah, I’m also closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in more profit than some of my peers who have been investing for many years.
@Tnks4cmin
Ай бұрын
This caught my interest. I worry that I have a couple more months before retirement, and I want to switch to using a financial advisor, but I don’t really know how to find one.
@OsborneLatin
Ай бұрын
*Sharon Lynne Hart* is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
@BevanBraselton
Ай бұрын
I searched for her name on the internet, found her page, and reached out via email to schedule a conversation. Thank you.
@pyorba
Ай бұрын
Yeah, but David, doesn’t the world explode if we have deflation in an economy leveraged like this?
@peterbutz642
Ай бұрын
You better believe Canada in trouble when ninety percent of all private sector investment and jobs is created in only one province Alberta it’s not sustainable
@royrob8983
10 күн бұрын
He has been bearish for a few years while the markets were making all time highs
@99gadget99
Ай бұрын
Depends which lens and industries you look at. Travel, luxury, high end hotels, experiential spending is healthy and growing. The top half / wealthy are swimming in cash and driving these kinds of industries to record highs. Wealthy Americans are literally rewriting and rejuvenating European economies through record and increasing tourism. The bottom half, things are not so good.
@Rick1234567S
Ай бұрын
All we need is a train from Canada across the north pole to Russia and we can join BRICS and the new trading block and finally become wealthy. lol Unfortunately that doesn't seem to be something anyone would fund. So we have to make it alone. And that means organic economic theory, and a library form of government in a completely socialist Internet world. There is no avoiding the reality we live in.
@BloorStreetCapital
Ай бұрын
It's Jimmy Connor, thanks for the comment Rick and for taking the time to view our content! You raise a good point we live in one of the best countries in the world, rich in resources we should be in much better conditions economically than we are currently in.
@Mark-ez2vw
Ай бұрын
Digital silver in a digital age, litecoin is a digital precious metal, not a security. Litecoin is the oldest coin on the market after bitcoin, since its inception in 2011. Scarcity of litecoin is the key feature of its technology. Everyone tends to flock to digital silver and digital gold, litecoin and bitcoin, when things aren't going well. Litecoin is a decentralized digital commodity, just like bitcoin, but not even close so heavily concentrated in a few hands like bitcoin is. Both have Proof-of-Work consensus, and both have limited supply of coins. Only that litecoin is lighter, swifter, and hugely undervalued against bitcoin. Litecoin (LTC) being a digital commodity provides a decent inflation hedge as well because there will be mined only a limited number of 84 million litecoins in total.
@davidmcnamara8024
Ай бұрын
I stopped watching at 20 minutes. When did they start talking about buying gold? Predictable diatribe.
@BloorStreetCapital
Ай бұрын
It's Jimmy Connor, thanks for your comment David and for taking the time to view our content! David mentioned gold because he believes the USD will drop with falling IR. He also suggested TLT.
@davidmcnamara8024
Ай бұрын
@@BloorStreetCapital please stop. You sound as bad as Trump. Your analysis cherry picks facts to support your theory. This is basic confirmation bias. I wouldn't put much faith in your assessment. Gerry Granthim wanna be.
@fmg4537
Ай бұрын
@@BloorStreetCapital what is IR and TLT?
@cliftonboyz1959
Ай бұрын
Fairness smearness
@a88888888a
Ай бұрын
Canada has no chance in the new world...
@BloorStreetCapital
Ай бұрын
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Canada is not perfect by any means but it is still one of the best countries in the world.
@Rawdiswar
Ай бұрын
@@BloorStreetCapitalBest at what? Housing bubbles? Failing healthcare? Outdated and inadequate infrastructure?
@porkyfedwell
Ай бұрын
@@Rawdiswar At persecuting people who speak out against woke-ism.
@stephenburnage7687
Ай бұрын
Canada has raw materials (oil, gold, minerals). That's more than Europe has.
@kristinashepherd3003
Ай бұрын
@@stephenburnage7687owned by other multinational companies who really don’t give back much of anything
@jamesruscheinski8602
Ай бұрын
Çhrist empire for Americas Australia Europe and associated areas
@easterntechartists
Ай бұрын
Open an fhsa account..by the time you max it out in 5 years , home prices will be 50% lower in this Socialist republic. Transfer of wealth from old to young !
@sonyjoseph5426
Ай бұрын
Rosenberg been calling economic colapse since the pandemic
@BloorStreetCapital
Ай бұрын
It's Jimmy Connor, thanks for the comment Joseph and for taking the time to view our content. It's tough being a forecaster.
@capnvideocapnvideo2216
24 күн бұрын
Canada's always struggling along what else is new.
@nayumicraig5248
Ай бұрын
You do you. I'm buying barbered wire and canned goods. Lorne.
@antonburren336
Ай бұрын
Most Canadians don't have a mortgage? Where's he getting that info from? Is he including children to arrive at "most"?
@petewick8627
Ай бұрын
This is by design. Trudy is following orders from uncle Klause
@001sander2
Ай бұрын
Another trickle down economist offers his opinion
@jakew305
Ай бұрын
Wacko!
@dm55
Ай бұрын
BS
@Theguys1
Ай бұрын
When did you become an expert? MAGA conservative messaging. You’re kinda anonymous aren’t you.
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