Tech Bubble Two

Why do investors buy into this garbage? The company loses $5b every year.  More importantly, why is Elon and his buddies selling their shares? If you are interested in this company, wait for the price to drop. I will not be touching it with a ten foot pole. 

"SpaceX has made history with the biggest-ever initial public offering, launching it into the top ranks of the largest public companies and putting founder Elon Musk on the verge of becoming the world's first tillionaire.

The company raised $75 billion in the IPO, pricing 555.6 million shares at $135 each, according to a statement on its website Thursday. SpaceX’s IPO is more than double the size of Saudi Aramco’s $29.4 billion listing in 2019. Also, a few of Musk's Silicon Valley buddies are set to take home tens of billions of dollars as a result."

Bloomberg

Carney's Cash

Prime Minister Mark Carney billed $524K on in-flight catering during first year as PM

Meanwhile 25% of Canadians are experiencing food insecurity. 

Prime Minister Mark Carney billed $524K on in-flight catering during first year as PM - Yahoo News Canada

Shades of The Great Subprime Mortgage Meltdown of 2008?

Blackstone Investors Ask to Pull $4.4 Billion From Private-Credit Fund

Fund caps client redemptions at 5%, an about-face from firm’s decision to pay out all requests earlier this year

https://www.wsj.com/finance/investing/investors-seek-to-pull-10-from-blackstones-giant-private-credit-fund-7cbca527

AI Bubble Anyone?

It’s getting exciting. Who wants to bet the Case‑Shiller PE ratio breaks a new all‑time high? It’s only about 3% away from surpassing the Tech Bubble peak.

  Shiller PE Ratio - Multpl

"Looking ahead, while the IMF acknowledges that the near-term global outlook remains complex, it states firmly that “Canada’s strong fundamentals and reliable access to external financing provide important buffers,” and the IMF’s latest World Economic Outlook projects that Canada will have the second strongest economic growth in the G7 in 2026." 

Not Honourable François-Philippe Champagne, Minister of Finance and National Revenue

“Canada is ready to lead.”

...Mark Carney