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.
January 15, 2021 | Speculative Blank Check Companies Create Billions of Paper Profits
Hilliard MacBeth Author of When the Bubble Bursts: Surviving the Canadian Real Estate Crash
A $12.5 million investment in clean energy earned an “accidental” profit of $200 million from a blank-check company. Here is how that works.
Blank-check companies SPACs or Special Purpose Acquisition Companies are proliferating, a strong signal that this market has gone wild.
Blank-check vehicles are shell companies used to take a private company public while bypassing the normal requirements for a stock market listing. Along the way many people gain substantial riches, sometimes without taking any risk.
Even institutional investors, like AIMCO and the Health Care of Ontario Pension Plan, are getting involved in this hot market. One of the largest funds to participate is Saudi Arabia’s $300 billion Public Investment Fund.
January 8, 2021 | Grantham Predicts a Crash
Hilliard MacBeth Author of When the Bubble Bursts: Surviving the Canadian Real Estate Crash
Investment guru Jeremy Grantham, founder of a major investment firm based in Boston, delivered a warning this week. He says that the U.S. market is in the late stages of a major bubble.
He predicts losses in the stock market comparable to the post-2000 period when the tech-heavy NASDAQ index declined 82 percent over two years.
Will Grantham’s dire prediction come true this time?
I met Jeremy Grantham in 2003 when he was a keynote speaker at the annual BCA Research conference in New York City. He started his talk by stating, “I’ve never been wrong.” After a long pause, during which the audience became very uncomfortable, he continued, “I’ve been early.” And the room erupted in laughter. I met him for the first time that day but he was famous for correctly calling the peak in the dot-com bubble in 2000, when he had been about two
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From first-time homebuyers what I m seeing is a lot of people reaching out, really since the summer, and trying to understand: Is it the right time for them to buy? said Patrick McKinnon, a sales representative at One Group Toronto Real Estate. They re seriously considering doing so now while they still have the opportunity …. it is the best time it s been to buy all year.
For the group of buyers drawn to entry-level condos, McKinnon says, the conditions are ripe. Buyers, often in their 20s, have an opportunity to live downtown or potentially have a rental property down the line.