solessense

CP24 first thing in the morning is no different than doomscrolling short form content

How Janice STFU be talking to me every time I open Spotify😩😩😩😩😩

People keep asking me why I believe Canadian housing is in a historic bubble. Here is one simple comparison. Toronto, 1962, versus Toronto today. In the early 1960s, the average Toronto home was roughly 2.5 to 3 times household income. That was normal. A working family could buy a home because house prices were still connected to wages, productivity, and the real economy. Canada’s economy was also booming. In 1962, Canada’s real GDP growth was roughly 7.4%. Think about that. Canada was growing at more than four times the pace of 2025, when real GDP growth was closer to 1.7%. So in 1962, you had: 🌱 Strong real economic growth 🌱 Rising wages 🌱 Productive industrial expansion 🌱 Lower household debt 🌱 Affordable housing 🌱 Homes priced at 3 times income That was not a housing bubble. That was an economy in which shelter was still tied to productive income. Now compare that to today. Today, Toronto housing is not 3 times the income. It is closer to 10 times income or more, depending on the measure used. Yet Canada’s economy is no longer growing at 7%. It is barely growing. Real GDP growth is weak. GDP per capita has been under pressure. Productivity has stagnated. Household debt is extreme. Mortgage payments have exploded. And the housing market has become dependent on credit, not income. That is the core problem. People look at old house prices and say: “Well, prices always go up.” No. Prices went up for very different reasons in different economic seasons. In the postwar Economic Spring and early Summer, house prices rose because incomes, productivity, population growth, industrial expansion, and household formation were moving together. The real economy was strong. Credit-supported growth, but it did not dominate it. By contrast, the past 40 years were different. Since the early 1980s, Canada has entered a long economic autumn. 🍂 Interest rates fell for decades 🍂 Credit expanded 🍂 Mortgage debt exploded 🍂 Banks increasingly fed real estate 🍂 Housing became a financial asset 🍂 House prices detached from incomes 🍂 Speculation replaced affordability That is not the same kind of price increase. One was income-driven. The other was credit-driven. And this distinction matters enormously. A home at 3 times income in a 7% growth economy is not the same risk as a home at 10 times income in a 1% to 2% growth economy. Those are completely different worlds. In 1962, the Canadian economy could support rising homeownership because the productive base was expanding. Today, Canada is trying to support inflated asset prices with weak growth, record debt, government intervention, and the hope that lower interest rates will restart the bubble. But debt is not income. Credit is not productivity. Asset inflation is not prosperity. And a housing market that requires ever-larger amounts of debt to keep prices elevated is not healthy. It is fragile. This is why the affordability debate misses the deeper point. The issue is not just that homes are expensive. The issue is that homes became expensive while the real economy weakened. That is the signature of a late-stage credit bubble. In a healthy economy, house prices rise because families earn more. In a financialized economy, house prices rise because families borrow more. Canada chose the second path. And now we are reaching the limit of that model. The 1962 comparison exposes the entire illusion. Back then: Canada had 7.4% real GDP growth. Toronto housing was roughly 3 times the income. Families could buy homes with their wages. Today: Canada has weak real GDP growth. Toronto housing is still priced at extreme multiples. Families need massive debt just to enter the market. That is not progress. That is financialization. This is the lesson of the Economic LongWave. 🌱 Spring builds the productive economy. ☀️ Summer expands it. 🍂 Autumn financializes it. ❄️ Winter forces the system to deal with the debt. Canada is now moving from Autumn into Winter. That does not mean every market falls at the same speed. It does not mean every city declines equally. But it does mean the old model is breaking. The model was simple: Lower rates. Expand credit. Push asset prices higher. Call it wealth. That model worked for decades because rates kept falling and debt capacity kept expanding. But once debt capacity is exhausted, the process reverses. Then the question becomes: Can incomes support the price? In Toronto, the answer is obvious. They cannot. Not at current multiples. Not with weak growth. Not with today’s debt burden. Not with mortgage renewals still hitting households. Not with productivity this poor. This is why comparing today to the 1960s is so powerful. The 1960s economy was stronger, but housing was cheaper. Today’s economy is weaker, but housing is far more expensive. That is the bubble. Not just high prices. High prices unsupported by the underlying economic structure. The bears were not wrong because they were early. They were warning that the foundation was changing. And now the data is catching up. The future was borrowed. The bill is arriving.

Florida Man Reads The Bitcoin Standard; Buys 4% of All the Bitcoin

Psilocybin — the active compound in magic mushrooms — has been designated a “breakthrough therapy” by the FDA for severe depression and other mental health conditions

@slantchev PLEASE look at the actual lack of change in the metrics that were always used for scare campaigns

What a fucking moron. The scientists updated the forecast and concluded the worst-case scenario is no longer likely because of faster than expected adoption of renewables. In other words, it’s precisely because some countries moved fast in adopting green energy that this scenario became unlikely.

@jones_artist99 @TrollinNYC @AlexesNakamoto No reason to pick only one over the other I still don’t get your point

@SolSenseX @TrollinNYC @AlexesNakamoto Might go up, but it’s not gonna beat top tech stocks. The time to get rich on crypto was years ago

“Strategy is a ponzi scheme!!” Saylor: “New York skyscrapers were built the exact same way - appreciating assets collateralized by debt. That’s called an economy.”

@jones_artist99 @TrollinNYC @AlexesNakamoto You’re gonna find the next 12 months very interesting my man

@SolSenseX @TrollinNYC @AlexesNakamoto Only bums believe in crypto now. The whales go their bags from being early investors. Go back to McDonald’s, bum

@jones_artist99 @TrollinNYC @AlexesNakamoto Yes that’s the price action recently what’s your point? Are you capable of thinking on different time frames? 💀

@SolSenseX @TrollinNYC @AlexesNakamoto What about the past year, you bum. Down 25%. While Google, a company that earns billions in revenue, is up 134%. Can’t believe you bums

@TrollinNYC @AlexesNakamoto Bitcoin appreciates faster than real estate in New York and will continue to do so well into the far future. Past the point where no real estate on earth could even be reasonably appraised

@AlexesNakamoto A skyscraper collects rental income while you own it. Bitcoins pay you nothing while you hold them.

“Things that are data-driven in their entirety *can’t* be unexpected” - Strauss Zelnick

Drake makes music for people who miss someone and want revenge at the same time

If you need a biometric scanner ring to tell you whether or not you slept well you are an inanimate object

@DrNeilStone *due to being misdiagnosed and treated wrong in the hospitals which were incentivized to follow WHO recommended treatments

The worst part of Covid was that 20 million people died

@Reil76 They are rapidly expanding access to MAID. I want you to revisit this post in 5yrs when it’s far and away the number one cause of death in the country (which it is not far off now already)

Let’s clear something up about MAID in Canada. It does not apply to children. You must be 18 or older. Mature minors do not qualify. Full stop. It does not apply to people simply because they are poor or struggling. To be eligible, you must have a serious and incurable illness, disease or disability, be in an advanced state of irreversible decline, and be experiencing intolerable suffering that cannot be relieved in any way you find acceptable. Financial hardship alone is not a criterion. It is not a rubber stamp. Approval requires assessments by two independent practitioners who review your medical records and confirm you have seriously considered available treatment options. When death is not reasonably foreseeable, a minimum 90-day assessment period is required. People whose only medical condition is a mental illness are not currently eligible either, that eligibility has been postponed to March 2027 while further safeguards are studied. You can have moral or religious objections to assisted dying. That is a legitimate position held by a lot of Canadians. But spreading misinformation about what the law actually says is not an argument. It is just fearmongering. Know wtf you are talking about before you talk about it.

@ChadSteingraber Still wrong everytime you say it that way and u mislead ignorant people

If I say Bitwise buys XRP —> it’s because clients gave them money to buy it. If I say Blackrock buys Bitcoin —> it’s because clients gave them money to buy it. If I say Citadel buys XRP ETF’s and Evernorth —> it’s because clients gave them money to buy it. We can’t know the clients. We can know the managers. Cool?

we used get rihanna vocals and now we get these government mandated sexyy red features