Hilliard MacBeth
@hmacbe
When the Bubble Bursts: Surviving the Canadian Real Estate Crash 2nd Ed- June 2018; ski, golf - 46 years as investment professional
new link for interview youtu.be/9pElINZjaGk
Is Canada's Economy on the Verge of a Financial Crisis? bloomberg.com/news/videos/20… #cdnpoli #topoli #vanre #whenthebubblebursts
Don't worry, it's only Reuters saying that.
🇺🇸🇬🇧🇫🇷‼️The West is entering the fatal phase of the debt supercycle‼️ July 26, 2025 Reuters warns that the world is entering the final, fatal phase of a multigenerational debt supercycle. 👇
which sector of the investing world is absorbing these losses? pensions, life insurance, banks, hedge funds, ???
Two Denver office towers recently sold for $3.2 million, or ~$3 per square feet, per Triple Net Investor. They were valued at ~$200M in 2019, per BisNow
Are firms in your country struggling to compete with China? Blame China. Are people in your country importing goods from China rather than buying domestically? Blame China. Is your country not benefiting from imperialism as much as it used to? Blame China.
Update on the REALIGN SUMMIT - 2025 First of all, I want to sincerely thank all of you. The response to the REALIGN SUMMIT has been overwhelming—in the best possible way. We’ve had strong interest from participants representing 19 countries – senior leaders from government,…
Lofty valuations for Tesla are at risk bit.ly/3H2Ysnm #whenthebubblebursts
"Japanese officials said there was no written agreement with Washington — and no legally binding one would be drawn up", and surprise surprise, they deny giving Trump $550b to arbitrarily spend however he wants. ft.com/content/c1183b…
The British trade deal wasn't what they said it was, the Vietnamese won't confirm Trump's announcement, and the Japanese say they're not signing a binding agreement. The White House has released the text of ZERO deals, and maybe it's all just social media posts all the way down.
"Japanese officials said there was no written agreement with Washington — and no legally binding one would be drawn up", and surprise surprise, they deny giving Trump $550b to arbitrarily spend however he wants. ft.com/content/c1183b…
$tesla
Lofty valuations for Tesla are at risk bit.ly/3H2Ysnm #whenthebubblebursts
"We haven't really had a lot of luck with Canada," Trump says while running through updates on trade talks. He says it's likely Canada will just pay the higher rate. "We don't have a deal with Canada, we haven't been focused on it."
This is crazy. Storforshei, Norway has reached 30°C for 12 consecutive days. To be clear, this is right on the edge of the Arctic circle. The extent & duration of this heatwave is nothing short of astonishing.
Therefore, Friedman suggested, all we had to do was stabilize money supply growth, which was, as events have shown, falsely considered fully exogenous. Minsky, on the other hand, correctly put forward credit markets and private debt as central causes of macro fluctuations.
It's hard to imagine now but the foundational article of monetarism by Friedman and its critique by Minsky was published in the same volume of the AER in 1965. Friedman, as we know now, falsely suggested that only monetary shocks could derail the economy
Trump officials Pulte, Vought and Blair are discussing Trump’s Fed visit, and twice declined to say whether the White House believes it has the power to try to fire the Fed chair. (Trump today said he didn’t think that was necessary, but is said to have weighed the issue.)
Trump on whether he'll try to fire Powell: "To do that is a big move. I just don't think that's necessary."
WARNING: World debt has now officially crossed $300 trillion And still continues to climb aggressively This is not looking good…
nothing to see here folks, time to move along, just go home.
Margin debt in US stocks just exceeded $1 trillion for the first time in history. Brokerages extended 9.4% more credit to clients in June, the biggest m/m jump since November 2020. It’s now at the highest since FINRA’s dataset began in 1959. Credit to EPFR