August 13, 2023 “Bill Gates owns 4 private jets: 2 Gulfstream G650Ers, 2 Bombardier Challenger 350s. Each one of them emits more carbon in a single flight than your car in your entire lifetime. But its 's your car that's causing climate change!” Spectacular cash flow! AirBNB in the suburbs! Tricks of
INTERNATIONAL: INFLATION; US AND CANADA INTEREST RATES; US AND CANADA MORTGAGE RATES; STOCK AND BONDS; CHINA WILL CRASH THE WORLD MARKETS?; POWELL NO LONGER USES THE WORD TRANSITORY… BITCOIN-WHO GOT WIPED OUT; USA: US REAL ESTATE; 30-YEAR MONEY 20-YEAR RECORD; US INFLATION 7%; US DOLLAR; CANADA: MAJOR CANADA REAL ESTATE MARKETS; CANADA DOLLAR; UBC LAUNCHES WEALTH TAX REPORT; THE NUMBERS, THE NUMBERS – DECEMBER 2021 and Y-T-D 2021; VANCOUVER, WESTSIDE, SURREY – HUGE SF HOME PRICE INCREASES; THERE ARE NO LISTINGS
1. China had an over-developed real estate market (accounts for around 15% of the Chinese economy). Home prices in China’s major cities crashed in 2013/2014. This put serious pressure on Chinese consumers, since around two-thirds of the typical Chinese family’s wealth is tied to their homes. 2. When housing started going bust, Chinese investors started
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