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> With stocks hitting new all-time highs almost every day, global bond yields at or near zero, and Canadian home prices at nose-bleed levels, it seems like ever
by roschdal 10y ago
> With stocks hitting new all-time highs almost every day, global bond yields at or near zero, and Canadian home prices at nose-bleed levels, it seems like everything these days is in a bubble.
A photo-sharing app with a market capitalization of 34.69 billion. Yes, it's a bubble.
- iaw 10y agoI've downvoted your comment because the article is referring to a very specific localized housing bubble in Toronto due (potentially) to the behavior of foreign investors. This is not an article about startup or the US stock-market bubble.
- mistermann 10y agoThe fact that there are bubbles in numerous places isn't irrelevant though.
- confiscate 10y agoActually it is irrelevant. I can find bubbles in Africa and 10 other countries across the world. Screaming "bubbles" in 100 random places, doesn't mean your current place is a bubble. Unless you can justify how those other bubbles are related to the housing situation in the original article, we can't assume they are relevant simply because "there are a lot of bubbles elsewhere". The 2 issues might be relevant to each other, they might not. But you can't assume there is a relationship between the 2 issues.
- mistermann 10y ago10+ years of excessive quantitative easing and negative interest rates by multiple governments around the world might have a little to do with it. Do you think $1 trillion++ of new debt per year affects nothing?
- confiscate 10y agoHey man, nothing personal. Not saying there aren't negative things going on in the world. Heck, it's probably true what you said, the 2 might be related somehow. But without pointing out why, I can't just assume the 2 are related, right?
- mistermann 10y agoYour first sentence wasn't speculative, hence my reply. :)
- confiscate 10y agoMy bad