January 29, 2021 | The Biggest Housing Bubbles of all Time
Hilliard MacBeth Author of When the Bubble Bursts: Surviving the Canadian Real Estate Crash
The housing bubble has become enormous in these three countries, and when these bubbles burst, it will be very painful.
Canada, Australia and New Zealand continue to defy the odds as house prices move further into unaffordable territory.
Are these house prices justified?
Source: Bank for International Settlements
From 1970 to 2020 New Zealand house prices grew the fastest, going from 100 on the index to about 7,500, growth of 75-fold.
The compound annual growth rate (CAGR) was 9.01 percent for New Zealand, 7.91 percent for Australia, 6.89 percent for Canada, 5.56 percent for the U.S. and 3.2 percent for Germany and Japan. The average inflation rate for the last century has been 3.10 percent.
January 22, 2021 | President Biden Goes Green
Hilliard MacBeth Author of When the Bubble Bursts: Surviving the Canadian Real Estate Crash
President Joe Biden plans a serious push into clean energy, with significant acceleration in the adoption of renewable energy in the U.S.
The stock market anticipated a Biden win in November 2020, with shares of most companies in the clean energy sector surging far ahead of the broad market.
Will President Biden satisfy expectations for clean energy?
One interesting development over the last few years in the renewable energy field is the emergence of politicians who are genuinely committed to a “greening” of the energy sector. Marc Jaccard, of Simon Fraser University, author of “The Citizen’s Guide to Climate Success” talks about “climate-sincere” politicians and distinguishes them from politicians who talk about climate change but are lacking in willingness when it comes to proposals that may cost them votes.