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Chapter 1: What does it mean for Canada to enter a technical recession?
Two consecutive quarters of negative GDP growth in Canada. Every media headline is calling it a technical recession.
It's irrelevant whether it's a technical recession or not. The main point here is that all the growth we've had over the last decade or so, it was produced by having more and more people and more and more debt. We didn't have a housing crisis. We had a population growth crisis. That's what it was. We don't have a health care crisis. It was too many people and all that.
Naturally, growth, it will have to soften.
If you are going to destroy your industrial base, this only hurts working class people. And that is why, you know, all this stuff is like quintessential luxury belief. What does electricity prices? What happens?
Chapter 2: How are demographics affecting Canada's economy?
It goes up. It affects inflation. Who gets hurt by inflation the most? Poor people. And so when you hear this degrowth, it is just an attack on working class people.
Chapter 3: Why did Canada sell its gold reserves?
And I'm not here for.
There's concerns today in the world and about this AI bubble and should I be participating? Should I be fully out in cash? I don't want to, you know, get hit by the crash.
Chapter 4: What is the outlook for Canada's housing market?
And as you said, like, it's tough. Like, you need to participate, but you have to manage your downside.
If you're worried about your investments, then you have too much risk on. And it's easy to change. You know, you just turn the dial. It's okay to be concerned all the time, which we are. But if you're worried, that's not a way to live. Boomer sleeps well at night.
If you're a mortgage broker, you already know the story.
Chapter 5: How does energy policy impact Canada's economy?
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Chapter 6: What is the future of Canada's natural gas industry?
The ones the banks can't move fast enough for. Neighborhood is one of the largest alternative mortgage lenders in Canada, with more than $2 billion funded over more than a decade of operation and now backed by three decades of combined experience following the acquisition of Fisgard. Neighborhood is the team you can trust your mortgage clients.
Chapter 7: What are the implications of rising mortgage delinquencies in Canada?
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Visit neighborhood.com or check out the link in the description to learn more. This is not advice. Consult a professional advisor before investing Looney in any of these investments. Visit neighborhood.com. Welcome back to Looney Hour episode 244. As always, joined by the three amigos.
Chapter 8: Why are investors ignoring gold in the current market?
We've got the boomer in Toronto. We've got Richard Diaz in Toronto and myself. We're all staying at the same hotel, recording in different rooms.
Yeah. I don't know how wise that is, but it's too late now. Yeah. Oh, man. We had a great night last night, actually. It was really fun. We went to a very famous place. Did you guys know that when you booked it, that the Rivoli is like an extremely like ancient, well, ancient's a bit strong, but it's a very old and very famous music and comedy spot. So it was really cool.
Apparently David Grohl played there and like Iggy Pop and Adele when she was 19 played And then finally, they were graced with our presence. So, yeah, thank you, everybody who showed up. They put Keith's picture on the wall.
Steve Ceresky playing there when he's 31, I guess.
Yeah, it was a real fun night. We had Dan and Ron with us as well. Great conversation on real estate, roundtable. Rich and I had some other conversations up on the stage with economics and markets. Questions were fantastic. It was a real good night for the Toronto area here.
Appreciate everybody for coming out to support the community here. It was good meeting everybody. Rich, you had something to say. I'll let you chime in.
Yeah. I just wanted to give a shout-out to one of our big fans. Hold on a second. His name is... His name is John Voight, not the actor, but the president of Technicor. And we promised we'd give him another. So he does machined plastic components since 1987. And he gave us a beautiful, beautiful gift, which was a cutting board with a Looney Hour logo, which I thought was amazing.
So I know he listens. So if you guys need your precision plastics... Check it out. He's got a website and everything. Technicore.ca.
So all you have to do next time is you come to the Lunari, spend 60 bucks. The bar is unlimited. The food is there. And then you bring a business card and you get a free shout out. You don't have to pay for advertising anymore.
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