And there’s zero reason the decline will not be long-lasting. Some properties have lost $100,000 – per month. Lately we’ve documented the withering decline of residential real estate around the GTA and in anguished Bunnypatch.
Meltdown synonym install#
Never in the lifetime of anyone now old enough to install their own socks will this cease to be the case. Given a choice, everyone on the planet would rather be paid in Benjamins. The American dollar is proving once again it rules as the globe’s currency. Hold different currencies.Īlso, a note for the doomers and USA-haters. But the key to minimizing risk, successfully hunkering through the storm and positioning for inevitable recovery is … tada… diversification. Surviving a time when we have war, inflation, a broken supply chain, macho central bankers, political radicals on both sides, 6% mortgages and Drake singing with the Back Street Boys (now between ages 38 and 46) you may think there’s no hope.
And our poor loonie’s back scraping for handouts at 76 cents. Copper was clobbered down to a 17-month low. Bitcoin, once (not so long ago) worth a crazy $64,000, struggled for most of the day to stay above $19,000 US. From $120 US a barrel a few weeks ago it’s now at $99, cratering more than 8% today.
No inflation hedge there (as we detailed here last week).Īnd hey, Calgary, oil’s tumbling. Gold was Hoovered by about 2%, or more than forty bucks and is back down in the $1,700-an-ounce range.
In a world where it seems everything (including your house, but not your used 4Runner) is losing value, the Yankee dollar has once again emerged as the safest haven around.īig moves up for the Biden Buck on Tuesday, which had the opposite effect on commodities priced in greenbacks. There’s a reason to hold US dollar-denominated ETFs, and from time-to-time you know why. Recall how this know-it-all blog told you to keep a quarter of your shekels in US$, like, always?
0 kommentar(er)
