Note: The Spring home selling season just got underway here in the D.C. Area and prices in the under $600,000 category are up about 6-10% YOY. A starter town home listed down the street, which would have sold for $360,000 last year is selling for $409,000. The open house was very crowded and I assume it will close for at least $405,000.
They are dropping GIC rates (CD, term deposits) here the last couple of months. Mortgage rates have dropped, especially the 5 year. Yes sir, the asset prices are going to be held up for much longer pending a black Swan event. The masses are buying new cars, electronics, and larger houses they cant afford with these low rates. I got rid of all my financial fear mongers bookmarks many months ago, and feel I have a clear head. Thanks Chris
All the gold shills, too many to mention
Peter Shiff, top gold shill
All the clowns on CNBC, Bloomberg Canada, Fox Buisness
You’re so right in that the internet confuses people more than informs them.
V – Toronto
The alt-financial media can be addictive
Someone has been learning. I try to keep a perspective when analyzing the markets. For instance, the written articles from the mainstream outlets (e.g. Bloomberg, CNBC, and Marketwatch) tend to be less biased than their TV programming. The guests are just shilling their agenda. Relying on others for advice and predictions is a one-way ticket to poverty.
Keep in mind that the X22 Report, Greg Mannarino, ZeroHedge, Peter Schiff, and Martin Armstrong make a lot of money with their sensationalism and disingenuous reporting. As an economist, it is easy for me to see past the data cherry-picking and linear analysis. You and I may see past this, but about 30% of the unfortunate souls who stumble upon this clickbait stuff get hooked and cannot reconcile. These alt-financial showmen know this.
Indeed, the world is a grim place. I get it. But that doesn’t mean our financial lives need to be grim as well. It really isn’t that difficult to invest in this environment. I am not talking about getting rich; I only discuss about becoming more self-reliant. We need to rely less on the people this quoted reader mentions and more on our own intuition.
One day, these shills may be correct. But what will be the cost to you? My net worth has more than doubled since early in the decade and now I make enough passive income to be financially free. I finally broke free of the alt-financial shackles about three years ago, and I will never look back. I only needed the confidence. Take my word, they are all full of sh%$!