glad you’re on here. love your podcast
as promised, a white bean stew. with lemon, paprika, and cumin
another massive office tower going up just south of union station #toronto
i think i’ll make a white bean stew tonight
afternoon ☕️
do you think the mempool will clear tonight?
paul krugman said this week he doesn’t see signs that inflation expectations are entrenched.
anecdotally, do you know anyone, even a single person, who doesn’t hope their salary keeps pace with the inflation we’re seeing today and isn’t keenly aware their purchasing power is plummeting?
sunday thoughts
you can get the impression reading about financial crises that preceding events move very quickly and hindsight is 20/20.
but that’s not quite right.
bear stearns was showing widely reported significant distress in 2006 and 2007 before they eventually went under in march 2008. lehman took another 6 months to go under.
EVERYONE knew there were massive problems in the asset backed securitization market. what wasn’t well understood was the systemic risk.
today, everyone knows the commercial mortgage market is in trouble.
many of the assumptions of the last decade have been totally upended.
do we properly understand the systemic risk?
are we looking through the short term ebb and flow of the market and properly assessing the long term trends?
everything changed at wealthsimple after drake bought a minority stake lol #canada
gm friends ☁️ ☕️
gn ✌️
gotta get peter schiff on here
feeling bold, might go searching through the global feed
