The Canadian Condo Bailout lands in Vancouver, & Dan Foch fills us in. Which condos will the government buy, and is it going to be good value for tax payers? These are the questions we are trying to unravel. Energy expert Mike Rothman joins the show to share the details of why oil is being underestimated, and where he thinks it’s heading.
Check out the latest Loonie Hour Substack post here!
https://open.substack.com/pub/looniehour/p/canadas-big-short-moment?r=2g3ok&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true
Check out Mike Rothman's Macro Energy research at https://www.cornerstoneanalytics.com/index.html
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Timestamps:
00:00 Introduction
04:46 Introducing Our Guests!
05:26 The Canadian Condo Bailout Begins
07:29 Kevin Warsh & The Feds
08:41 Prepare For Volatility
13:41 The Problem With Government Intervention
16:07 Condo Program Breakdown
17:18 Who Benefits From The Bailout?
19:52 Why Investors Wouldn't Buy First?
23:34 Dog Crate Condos and Falling Demand
24:46 Could Prices Fall Another 50~75%
30:42 Wasting Government Spending
31:48 Housing Policy and Unintended Consequences
36:01 Canada's Real Estate Identity Crisis
40:32 Transition to Mike Rothman
41:47 Canadian Oil Bull Case
42:57 Responding to Anti-Oil Narratives
44:19 Oil Became Politically Toxic
50:28 Supply Constraints Are Getting Worse
53:21 Why Energy Investment Never Came Back
56:27 Russia, Ukraine, and Energy Geopolitics
59:11 Europe's Energy Mistakes
1:00:17 Long-Term Commodity Supercycles
1:05:17 Cushing Crude Stocks Explained
1:06:31 Physical Markets vs Financial Markets
1:12:05 Why Markets Ignored The Signs?
1:18:09 Green Energy Realities vs Oil Demand
1:20:52 Why Oil Still Matters For Decades?
1:25:06 Economic Cost of Inaction
1:28:11 Lessons From Global Credit Crisis
1:32:18 Canada's Future Growth Potential
1:35 What Canada Needs To Do Next?
Disclaimer:
The information within our content is not intended to be or construed as investment advice. Please consult a professional advisor before putting a "loonie" into any of these financial markets.
#LoonieHour #canada #macroeconomics
