The Loonie Hour Elbows Down, IMF Bailouts Coming to a Country Near You?
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Aug 29, 2025 Canada's recent removal of counter-tariffs on the US sparks discussions on economic implications. The looming threat of IMF bailouts in Britain raises concerns of a global financial crisis. The podcast humorously connects hockey culture with serious economic topics, like housing affordability and demographic trends. Insightful analysis dives into yield curve complexities and investment strategies amid rising inflation. Finally, it highlights high-net-worth financial strategies in these uncertain times, showcasing risk management amidst economic turmoil.
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Tariff Fight Reversed After Election
- Mark Carney removed Canada's counter-tariffs on the US shortly after the election.
- Rich had predicted leverage was limited and the elbows-up posture would revert to diplomacy.
Two Waves Of The Housing Bubble
- Steve and Rich split the housing bubble into policy-driven and demographic-driven phases.
- They narrate recent condo overbuilding as a later wave amplified by zero-rate policy and immigration.
Homeownership By 30 Has Collapsed
- Homeownership by age 30 collapsed from ~58% in the 1960s to 15% today.
- That shift signals a broken social contract tied to affordability and demographic change.
