I have been posting several articles lately on my Twitter account @owenbigland.com regarding the current state of the financial markets and how the Federal Government is going to be pumping $150 to $300 Billion of liquidity into the Canadian housing market by buying mortgages from the major Canadian banks in exchange for cash. I also discuss a recent article by hedge fund manager Ray Dalio who thinks holding high amounts of cash outside of emergency funds may not be the best option in this current environment.
This one is a bit long but hey, it’s Saturday. I'm going to cover a number of topics including some feedback I received on that Bloomberg article that the day of reckoning in coming in Vancouver Real Estate. Will also talk about the best month the S&P 500 and DOW has seen in over two decades, how fortunes are being made here, and why the rich just keep getting richer!