Nothing Was Learned In 2008

The lesson about trusting serial psychopaths is about to get tattooed on the Idiocracy, permanently...

The jackasses running the oil industry and the real estate market are among the most corrupt people on the planet. They will say anything to attract the marginal gambler to their markets. Uber-buffoons in government are just their bukkake whores. As we didn't learn in 2008...

To see just how much Central Banksters have distorted stock market prices and otherwise encouraged reckless gambling, we can look at the Canadian stock market with Canadian GDP:

Canadian GDP (red line) in U.S. dollars has been falling since 2014 and is now back exactly back at 2008 levels. Someone apparently forgot to inform the Canadian stock market this time around...

Canada's GDP is wholly predicated upon the price of oil and parabolic real estate appreciation aka. China money laundering. But what could go wrong?

Oil futures long positions (red) with WTI:

Canada is in the midst of one of its weakest expansions ever, and only the housing boom keeps it from getting worse.

That’s one of the key takeaways from Friday’s GDP report. Two years since oil prices started plunging, Canada’s economy is almost completely reliant for growth on bank lending and the hot Vancouver and Toronto housing markets generating fees for brokers.

Canadian banks are a tad exposed...

Home sales dropped in Metro Vancouver by up to 86 per cent after the introduction of the foreign investor tax on Aug. 2, according to official MLS data only available to realtors.