BC Toby

Interesting. I interpret this as "we can't raise rates until inflation kicks in and our data indicates that were kinda f'd the next few years so let's pretend to hold it low on purpose." Bloomberg: Bank of Canada Signals No Rate Hikes Until at Least 2023. bloomberg.com/news/articles/…

@sciencegirl Don't get it. I just take out bread, twist bag with one hand and place bag over twisted end back in the fridge.

Genius idea

@RichardDias_CFA @MarcMillerVM Very telling graph...

@MarcMillerVM And, you would know about getting nothing built!

Great way to get absolutely NOTHING built.

@SirTobi28 I played all the top games. This should have been one of the awards at the very least. Incredibly well done. Personally, I didn't find Claire obscure 33. That enthralling and had far far FAR more fun playing Kingdom come Deliverance. 2!

We have officially been robbed!

@ronmortgageguy @ShaziGoalie @MarketManiaCa Agreed.

Unfortunately @MarketManiaCa wildly exaggerates & 50% of the time is dead wrong on the facts Blocked him years ago Couple of things about Bank Loan Losses - when it comes to credit cards 29% interest rates allow for big arrears - Mortgages are the biggest loan book & may never get past 50 BPS Default - A loan book's Credit Losses never occur all at once 1% of total loan may take 5 years to Default - The vast majority of Credit Losses also have Recovery: houses get sold, inventories get sold, Consumer Proposals pay back 70% of debts It doesn't happen the way people think it does

RBC holds $1.1 TRILLION in loans. With 🇨🇦 delinquency rate near 1%, that’s about $11 BILLION in loans already at risk of default. But instead of preparing, RBC is doing the opposite: Their loan loss provisions dropped to $881M, down from over $1.1B last year. even as delinquencies surge and PoS spike across Ontario. They’re growing their loan book, cutting reserves, and inflating short-term profits… while long-term risks explode beneath the surface. 🎥 Full breakdown by @MarketManiaCa on his Youtube channel.

For the record referring to a subsystem as the "root cause" of the AWS outage is by definition not a root cause. 🙄 #amazon cbc.ca/news/world/ama…

@CFOXvan And for weather in the GVRD we ask Black hole sun Won't you come And wash away the rain?

First hypothesized in 1994 by Dr. Chris Cornell, the black hole sun has been confirmed by astronomers. - Jeremy

@TdLeaker 96g.. 🤣

@hmacbe The faster these companies can integrate AI into many of our day-to-day tools, the sooner they can reap the rewards over their competitors. I think people will still be needed but humans will not be able to keep up with the speed at which AI can do certain tasks for them.

@hmacbe I can see increased revenue from big and small companies needing AI for many day to day tasks. Having AI to rapidly do advanced formatting and rules and spreadsheets and documents can save huge amounts of time. Right now the big 7 know this and are starting to charge accordingly

this AI expenditure needs to earn a very decent return on investment or several large companies will cease to exist because of this mania. So far, nobody has articulated how and when the returns will appear.

@danielfoch Semi-Realistic prices are marking a comeback :)

Don't call it a comeback. Supply is still outpacing demand massively, per CREA data.

@RichardDias_CFA IMO the Bond vigilantes are always there, it's everyone else that just forgets about them until the scales need to re-balance again.

Are we finally witnessing the resurrection of the Bond Vigilantes?

@StephenPunwasi In China the government can "compel" any Chinese company to hand over private encryption keys should they choose to. They also have significant regulations and compliance required when using keys(key use is monitored). 😬

fyi this makes censorship in Europe more extreme than China. In China they’re aware that VPNs exist, but don’t order every vpn to block content when Chinese users access it.

Folks don't realize how wild internet censorship got in the past week. Cloudflare is now blocking content at the DNS-level in UK, and VPNs blocking domains by order in France. Most won't care since it was "just" piracy sites targeted, but it sets up a dangerous precedent.

@CandiceMalcolm Read the thread, was really eye opening to have light shed on such a different perspetive from what was aired. Can any one point me to some other recent examples of this caliber that would objectivly support the argument to overhaul the CBC?

This is a shocking story of a routine CBC hit-piece gone HORRIBLY WRONG. You're going to want to bookmark this one. 🧵 THREAD

@hmacbe Hilliard, it must be nice (and also not so nice for many others 😢) to see you were right, with many more drops still to come... #vanre

@hmacbe This concept/effect has been well written about. If I recall "the intelligent investor" really dove into how misleading % increases and % decreases can be to the psychology of an investor. 5% up and 5% brings you below where you started.

percentage changes are misleading in a bubble. For e.g., if prices rise by 100% over 10 yrs, & then drop by 50% over 5 yrs, prices are all the way back to the start of the bubble. The entire bubble has been erased. And, adjusted for inflation, they are much lower.

@RichardDias_CFA @Dave_Eby I think dovetailing off of Trump's windmill comments is probably a poor choice to promote his 5000gw BC Hydro green energy initiative here.... When it's almost for sure not going to be wind based at all. But he was really just blathering on about clean energy IMO.

@BCToby @Dave_Eby It's a sleight of hand. Blathering on about wind power when he knows damn well that's not what makes a difference to BC. It's cold, hard, carbon-intensive cement that matters.

BC will be the engine of Canada’s new economy - powered by clean energy and in partnership with First Nations. Yesterday, Trump said windmills are “killing us” and that he won’t let any new windmills be built in the US. To clean energy producers in America – come to BC.

@RichardDias_CFA @Dave_Eby At what point did he say we're mostly wind here? My take on the video clip was that he was just saying we support clean energy producers in BC which tracks perfectly with your chart. 🤷‍♂️

@Dave_Eby David Eby is lying to British Columbians. Electricity generation was virtually all Hydro. The rest are a fart in the wind.

@pftq @veritasium Sure, it can depend on the planet and gravity. The problem with this " problem" is that there are a lot of assumptions that need to be made to answer this question. Gravity, wind, height between levels, egg thickness, mass, etc.

Google used this to screen engineers. It looks simple, but it broke candidates. We answer it in our newsletter tomorrow, so sign up now👉veritasium.com/newsletter?utm…

@SnarkyTrader I put a lot less weight on consensus nowadays... If you look at the chart you can see that by 2017 / 2018 things are already leveling off. On top of that they were at historical lows... When you look at the long game the only way is up from there..

@BCToby x.com/SnarkyTrader/s…

You know what will shock the #vanRE housing market? Rates going up instead of down. Many sellers have never been in a bear market and hope to wait things out while until the BoC drops rates. Rates going up will be a real(i)ty😉 check and potentially trigger a round of drops.

@veritasium The answer is one.