The Loonie Hour

Steve Saretsky
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The Loonie Hour is a Canadian based macro economic podcast covering newsworthy events across the globe and how they will impact Canadians.

  1. 1 day ago

    We Are Early in the Secular Bull Market- w/Guest Jim Thorne

    We sit down with Jim Thorne, Chief Market Strategist at Wellington-Altus Private Wealth, where he believes that we are setting up for a Secular Bull Market coming up. We go through the global debt problem, and why AI could fuel a massive new investment cycle. Lastly, we'll touch on falling rates, explosive earnings growth, Bitcoin’s generational opportunity, and whether today’s technology boom ultimately ends like the dot-com bubble. We also discuss Canada’s economic challenges, a country deserving to be one of wealthiest in the world, yet decades of poor policy and underinvestment have left us falling behind. Start an investment portfolio that's built to perform with Neighbourhood Holdings! For Mortgage Brokers: https://www.neighbourhood.com/looniehour-brokers For Investors and Advisors: https://www.neighbourhood.com/looniehour Check out Saily at https://www.saily.com/looniehour and use our promo code 'LOONIEHOUR' to get 15% off your first purchase! Schedule an exploration call with IceCap Asset Management: https://icecapassetmanagement.com/contact/ ✉️ Media & Real Estate Inquiries: steve@stevesaretsky.com Stay up to date with our information - 📫 My Real Estate Substack: https://stevesaretsky.substack.com 📫 The Loonie Hour Substack: https://looniehour.substack.com/about 📊➡️ Loonie Hour Socials: https://linktr.ee/looniehour 🎙️ Listen to the Podcast on Your Preferred Platform: https://linktr.ee/looniehour Timestamps: 00:00 Introduction 04:41 Introducing Jim Thorne 10:39 What Went Wrong With Canadian Finance? 13:45 Why Canada Is Falling Behind 16:04 Canada’s Natural Resource Problem 22:41 The Global Debt Problem 24:36 Canada Enters Secular Stagnation 29:01 The AI CAPEX Supercycle 33:15 What Happens to Canada and Europe? 34:43 Trump’s Economic Strategy 36:17 Carney Understands the Global Pivot? 38:37 The Problem With Canadian Banks 39:24 Canada’s Coming Structural Adjustment 44:21 Why Higher Rates Can Increase Inflation 45:19 The Fed’s Next Move 49:36 AI, Growth, and the Stock Market 50:19 Why Jim Thinks Bond Yields Fall 56:09 Trump, Crypto, and Tokenization 57:31 The Great Bond Debate 58:07 The Bitcoin Debasement Trade 58:31 “Bitcoin Is a Generational Opportunity” 01:00:40 Post-Interview Reaction 01:02:47 The End of the Keynesian Supercycle 01:05:08 America’s Exploding Interest Bill 01:06:00 Gold, Bitcoin, and Debasement 01:09:35 Can AI Solve the Demographic Problem? 01:11:24 America Is Sucking Capital From the World 01:12:31 The AI Agent Economy 01:13:51 Another Dot-Com Bubble? 01:15:27 Outro Disclaimer: The information within our content is not intended to be or construed as investment advice. Please consult a professional advisor before putting a "loonie" into any of these financial markets. #LoonieHour #macroeconomics #bullmarket

    We Are Early in the Secular Bull Market- w/Guest Jim Thorne

  2. 7 Aug

    The Japanese Currency Crisis

    Why is the US stepping in to help Japan, and what does it mean for Canadians? China’s multi-decade tax crackdown, and $2.7 billion in new federal funding for rental units - plus the latest data on Canadian housing and rate expectations. Stay Up To Date With The Loonie Hour Substack: https://looniehour.substack.com/about Start an investment portfolio that's built to perform with Neighbourhood Holdings! For Mortgage Brokers: https://www.neighbourhood.com/looniehour-brokers For Investors and Advisors: https://www.neighbourhood.com/looniehour Schedule an exploration call with IceCap Asset Management: https://icecapassetmanagement.com/contact/ ✉️ Media & Real Estate Inquiries: steve@stevesaretsky.com Stay up to date with our information - 📫 My Real Estate Substack: https://stevesaretsky.substack.com 📫 The Loonie Hour Substack: https://looniehour.substack.com/about 📊➡️ Loonie Hour Socials: https://linktr.ee/looniehour 🎙️ Listen to the Podcast on Your Preferred Platform: https://linktr.ee/looniehour Timestamps: 0:00 Introduction 06:29 Canada’s Housing Market Still Struggling 09:24 Condo Inventory Is Finally Falling 10:50 Where Are Canadian Mortgage Rates Going? 14:58 Is the Housing Crisis Already Being Solved? 18:42 Canada’s Housing Affordability Is Improving 20:11 Is Canada Becoming a Nation of Renters? 23:06 China Launches a Global Tax Hunt 25:21 China’s Banking System Is in Trouble 29:55 Real Estate vs Gold as a Store of Wealth 33:04 Japan’s Yen Crisis Explodes 35:39 The U.S. Steps In to Help Japan 38:13 Why Global Bond Yields Are Rising 41:06 Why America Is Helping Japan 43:34 The U.S. Dollar “Escape Room” 47:15 Trump, Warsh and the Federal Reserve 49:09 Is the Treasury Manipulating the Yield Curve? 51:34 U.S. Housing Is Completely Frozen 53:28 The Politics Behind the Yen Intervention 55:22 Could Jackson Hole Bring a Major Policy Shift? 56:35 America’s 7% Mortgage Problem 58:31 Where Does the Yen Go From Here? 01:00:25 Gold Is Starting to Move Again Disclaimer: The information within our content is not intended to be or construed as investment advice. Please consult a professional advisor before putting a "loonie" into any of these financial markets. #LoonieHour #macroeconomics #federalreserve

    The Japanese Currency Crisis

  3. 31 Jul

    Will the Bond Market Force Central Banks to Raise Rates?

    The Federal Reserve is changing how it communicates with markets, and the ripple effects are being felt across bonds, currencies, housing, and equities. We break down Kevin Warsh’s shift away from forward guidance, why long-term Treasury yields continue to climb, and what it could mean for interest rates going forward. We also discuss New York’s proposed second-home tax and government-backed grocery stores, the escalating conflict between the US and Iran, Korea’s margin-call meltdown, growing weakness in the bond market, pressure on the Canadian dollar, and why the energy sector may present one of today’s most compelling investment opportunities. Start an investment portfolio that's built to perform with Neighbourhood Holdings! For Mortgage Brokers: https://www.neighbourhood.com/looniehour-brokers For Investors and Advisors: https://www.neighbourhood.com/looniehour Schedule a call with IceCap Asset Management: https://icecapassetmanagement.com/contact/ ✉️ Media & Real Estate Inquiries: steve@stevesaretsky.com Stay up to date with our information - 📫 My Real Estate Substack: https://stevesaretsky.substack.com 📫 The Loonie Hour Substack: https://looniehour.substack.com/about 📊➡️ Loonie Hour Socials: https://linktr.ee/looniehour 🎙️ Listen to the Podcast on Your Preferred Platform: https://linktr.ee/looniehour Timestamps: 00:00 Introduction 04:58 Canada’s Housing Bailouts Aren’t Working 09:14 Will Higher Taxes Drive Capital Away? 15:31 Canada’s Empty Homes Taxes 16:57 When Homeowners Are Forced to Sell 20:10 Could Canadian Housing Stagnate for a Decade? 21:51 Kevin Warsh’s New Federal Reserve 22:51 The End of Forward Guidance 24:44 Why the Fed May Raise Interest Rates 26:22 Is the US Dollar About to Explode Higher? 28:34 Quantitative Easing Never Really Ended 30:50 What to Expect at Jackson Hole 32:19 US 30-Year Treasury Yields Surge 33:49 Could Long-Term Rates Eventually Reach 20%? 37:02 America’s Growing Debt Wall 39:01 Why the Bond Market Keeps Deteriorating 41:48 The US-Iran War Escalates Again 42:44 Are We Already in World War III? 45:13 The Rotation Out of Technology Stocks 46:22 Korea’s Leveraged Investing Disaster 47:02 The AI Hedge Fund That Blew Up 50:59 The Market’s Back-to-Back Bubbles 52:15 Hedge Funds Turn Bearish on the Canadian Dollar 54:26 The Market’s Biggest Current Debate 55:12 US Mortgage Rates Reach a One-Year High 56:19 America’s Multifamily Housing Crisis 57:06 Cheap Money Created an Oversupply Problem 57:30 The Feds Inflated Home Prices Disclaimer: The information within our content is not intended to be or construed as investment advice. Please consult a professional advisor before putting a "loonie" into any of these financial markets. #LoonieHour #macroeconomics #geopolitics

    Will the Bond Market Force Central Banks to Raise Rates?

  4. 24 Jul

    The World Will Never be The Same with Guest Pippa Malmgren

    Geopolitical Expert Dr. Pippa Malmgren breaks down what is really driving global markets, energy policy, and the massive geopolitical shifts happening right now. We looked at why & why the US is reshaping global energy control, the tough choice Canada faces between old European ties and a changing American strategy, and where the global economy is heading next as tech, nuclear power, and space take over. Visit Dr. Pippa Malmgren's Substack here: https://substack.com/@drpippa Start an investment portfolio that's built to perform with Neighbourhood Holdings! For Mortgage Brokers: https://www.neighbourhood.com/looniehour-brokers For Investors and Advisors: https://www.neighbourhood.com/looniehour Schedule a call with IceCap Asset Management: https://icecapassetmanagement.com/contact/ ✉️ Media & Real Estate Inquiries: steve@stevesaretsky.com Stay up to date with our information - 📫 My Real Estate Substack: https://stevesaretsky.substack.com 📫 The Loonie Hour Substack: https://looniehour.substack.com/about 📊➡️ Loonie Hour Socials: https://linktr.ee/looniehour 🎙️ Listen to the Podcast on Your Preferred Platform: https://linktr.ee/looniehour Timestamps: 00:00 Introduction 07:43 Pippa Malmgren Joins the Show 10:21 The Nuclear Energy Revolution 11:44 Globalism Is Changing 14:44 Which Countries Are Embracing the Future? 20:56 What Canadians Are Missing About America 26:18 AI Is Creating a New Economic Model 28:44 Does Canada Discourage Risk-Taking? 33:51 The Arctic, Space & the New Global Economy 37:17 Data Centers Are Moving to Space 39:13 Small Modular Reactors & Unlimited Energy 43:36 Why Nuclear War Is No Longer an Option 46:30 China, Russia & the Push for Peace 50:30 What Happens After Trump Leaves? 53:35 Iran, Venezuela, Taiwan & Ukraine Are Connected 54:28 Moving the World Beyond Oil & Gas 55:45 Canada’s Identity Crisis 1:01:02 Establishment vs. Anti-Establishment 1:01:55 The World in 5–10 Years 1:05:52 What Rwanda Can Teach Canada 1:06:54 Canada Could Become a Space Nation? Disclaimer: The information within our content is not intended to be or construed as investment advice. Please consult a professional advisor before putting a "loonie" into any of these financial markets. #LoonieHour #canada #geopolitics

    The World Will Never be The Same with Guest Pippa Malmgren

  5. 17 Jul

    Canada's Energy Boom is Upon Us- w/guest Heather Exner-Pirot

    Today, we are joined for the fourth time by energy and policy expert Heather Exner-Pirot to discuss Canada's dramatic shift in energy policy and what it means for the country's future. We break down the push to build new pipelines, the growing role of nuclear power and critical minerals, and why Ottawa is embracing major infrastructure projects after years of opposition. We also examine the Bank of Canada's latest interest rate decision, why policymakers are keeping a close eye on oil prices, and what it all means for inflation, housing, and the Canadian economy. Start an investment portfolio that's built to perform with Neighbourhood Holdings! For Mortgage Brokers: https://www.neighbourhood.com/looniehour-brokers For Investors and Advisors: https://www.neighbourhood.com/looniehour Schedule a call with IceCap Asset Management: https://icecapassetmanagement.com/contact/ ✉️ Media & Real Estate Inquiries: steve@stevesaretsky.com Stay up to date with our information - 📫 My Real Estate Substack: https://stevesaretsky.substack.com 📫 The Loonie Hour Substack: https://looniehour.substack.com/about 📊➡️ Loonie Hour Socials: https://linktr.ee/looniehour 🎙️ Listen to the Podcast on Your Preferred Platform: https://linktr.ee/looniehour Timestamps: 00:00 Introduction 05:10 Canada's Housing Market Conditions 07:21 Condos Are Still Struggling 15:14 Heather Exner-Pirot Joins The Show 16:51 Do We Have Our Next Pipeline? 27:05 Ottawa and Alberta's Oil 39:54 Oil Sands Story 43:53 Legal Risks for Future Pipelines 48:06 Canada's Nuclear Future 50:59 CANDU Nuclear Story 53:59 Canada's Critical Minerals 59:59 The Future of Canada's Energy Sector 1:03:11 Canada's Looming Electricity Issue 1:06:48 BOC Holds Rates 1:09:47 Higher Oil Prices Implications 1:13:01 Spending More With Debt Disclaimer: The information within our content is not intended to be or construed as investment advice. Please consult a professional advisor before putting a "loonie" into any of these financial markets. #LoonieHour #canada #macroeconomics

    Canada's Energy Boom is Upon Us- w/guest Heather Exner-Pirot

  6. 10 Jul

    The Fiscal Bazooka is Coming- w/guest Kevin Muir

    We're joined by macro strategist Kevin Muir—famously known online as The Macro Tourist—to break down the massive fiscal deficits pushing markets forward. We dive into the staggering reality of Canada’s new government-funded pipeline project, which is costing a massive $35B+ but driving up to 140,000 jobs. Start an investment portfolio that's built to perform with Neighbourhood Holdings! For Mortgage Brokers: https://www.neighbourhood.com/looniehour-brokers For Investors and Advisors: https://www.neighbourhood.com/looniehour Schedule a call with IceCap Asset Management: https://icecapassetmanagement.com/contact/ ✉️ Media & Real Estate Inquiries: steve@stevesaretsky.com Stay up to date with our information - 📫 My Real Estate Substack: https://stevesaretsky.substack.com 📫 The Loonie Hour Substack: https://looniehour.substack.com/about 📊➡️ Loonie Hour Socials: https://linktr.ee/looniehour 🎙️ Listen to the Podcast on Your Preferred Platform: https://linktr.ee/looniehour [10/07/26, 7:48:33 PM] ~ Jeff: Timestamps: 00:00 Introduction 04:49 Oil, Iran, Pipelines, And More 08:24 Introducing Kevin Muir 13:10 Opposing Views 14:02 Will The Bank of Canada Cut Rates? 15:29 Why The Feds Could Turn Hawkish 17:24 The Bond Market and Kevin Warsh 20:18 Rate Hike Probability 23:17 A Different Rate Cycle 26:04 Modern Monetary Theory 27:19 Government Spending In Inflation 29:20 The Pipeline Story and Fiscal Spending 30:02 Did Deficits Help The U.S.? 32:08 The Rest Of The World Follows 35:37 Canada's Financial Position Globally 37:26 Could Canadian Capital Return Home? 38:54 Another Global Stimulus? 39:40 The NATO Defense Spending Expansion 41:12 Canada's Looming Commodity Boom 44:10 The MMT and Politics 44:55 The Next Major Commodity Cycle 51:26 Why Oil Became An Attractive Investment 54:05 Long Term Bullish Oil Thesis 1:01:26 What's The Next Market Bubble? 1:05:18 Canadian Growth May Take Years 1:06:29 The Alberta Pipeline Story 1:09:39 Canada's Economic Outlook Improves 1:10:00 Is Defense Spending Economically Productive? 1:12:13 Canada's Trade Surplus 1:12:57 All Eyes On The BOC's Next Meeting Disclaimer: The information within our content is not intended to be or construed as investment advice. Please consult a professional advisor before putting a "loonie" into any of these financial markets. #LoonieHour #canada #macroeconomics

    The Fiscal Bazooka is Coming- w/guest Kevin Muir

  7. 3 Jul

    Mark Carney: 10 Years of Canadian Policy was Wrong (Policy Changes Are Coming)

    Mark Carney just admitted the last decade of energy policy was a total bust and didn't fit economic reality, so we're breaking down his massive pivot on Canadian oil and gas. We also hit on the US-Iran deal being a temporary play for the midterms, the stock market ditching tech for safe-haven sectors, and the economic mess left behind after Canada, the US, and Mexico missed their big July 1st trade deadline. Start an investment portfolio that's built to perform with Neighbourhood Holdings! For Mortgage Brokers: https://www.neighbourhood.com/looniehour-brokers For Investors and Advisors: https://www.neighbourhood.com/looniehour Schedule a call with IceCap Asset Management: https://icecapassetmanagement.com/contact/ ✉️ Media & Real Estate Inquiries: steve@stevesaretsky.com Stay up to date with our information - 📫 My Real Estate Substack: https://stevesaretsky.substack.com 📫 The Loonie Hour Substack: https://looniehour.substack.com/about 📊➡️ Loonie Hour Socials: https://linktr.ee/looniehour 🎙️ Listen to the Podcast on Your Preferred Platform: https://linktr.ee/looniehour Timestamps: 00:00 Introduction 02:38 Why Nuclear Is Canada's Competitive Advantage 05:24 Canada's Push Toward New Nuclear Projects 09:26 Public Fear Versus Nuclear Reality 10:40 Europe's Heat Wave & Air Conditioning Debate 17:20 Climate Policies Versus Human Comfort 17:57 Mark Carney's Major Energy Announcement 20:09 The Political Cost of Energy Policies 25:14 Canada's Massive Economic Opportunity 31:53 Current Accounts, Trade, and National Wealth 34:29 Oil & Gas, and Economic Reality 36:20 What Happens to the Loonie 38:30 US Midterms Predicament 39:11 Geopolitical Outlook & Peace Deal 42:50 Understanding the Oil Crack Spread 44:37 Can Commodity Markets Be Manipulated? 48:54 What Happens If Bond Markets Collapse 55:27 The Cost of Long-Term Uncertainty 57:13 Brexit Parallels and Economic Lessons 59:27 Why None of This Is Positive Disclaimer: The information within our content is not intended to be or construed as investment advice. Please consult a professional advisor before putting a "loonie" into any of these financial markets. #LoonieHour #canada #carney

    Mark Carney: 10 Years of Canadian Policy was Wrong (Policy Changes Are Coming)

  8. 26 Jun

    Are Canadian Tax Payers Bailing Out Developers?

    The Canadian Condo Bailout lands in Vancouver, & Dan Foch fills us in. Which condos will the government buy, and is it going to be good value for tax payers? These are the questions we are trying to unravel. Energy expert Mike Rothman joins the show to share the details of why oil is being underestimated, and where he thinks it’s heading. Check out the latest Loonie Hour Substack post here! https://open.substack.com/pub/looniehour/p/canadas-big-short-moment?r=2g3ok&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true Check out Mike Rothman's Macro Energy research at https://www.cornerstoneanalytics.com/index.html Start an investment portfolio that's built to perform with Neighbourhood Holdings! For Mortgage Brokers: https://www.neighbourhood.com/looniehour-brokers For Investors and Advisors: https://www.neighbourhood.com/looniehour Join Seeking Alpha Premium And Get 25% Off Today!: https://link.seekingalpha.com/52636H6/4G6SHH/ ✉️ Media & Real Estate Inquiries: steve@stevesaretsky.com Stay up to date with our information - 📫 My Real Estate Substack: https://stevesaretsky.substack.com 📫 The Loonie Hour Substack: https://looniehour.substack.com/about 📊➡️ Loonie Hour Socials: https://linktr.ee/looniehour 🎙️ Listen to the Podcast on Your Preferred Platform: https://linktr.ee/looniehour Timestamps: 00:00 Introduction 04:46 Introducing Our Guests! 05:26 The Canadian Condo Bailout Begins 07:29 Kevin Warsh & The Feds 08:41 Prepare For Volatility 13:41 The Problem With Government Intervention 16:07 Condo Program Breakdown 17:18 Who Benefits From The Bailout? 19:52 Why Investors Wouldn't Buy First? 23:34 Dog Crate Condos and Falling Demand 24:46 Could Prices Fall Another 50~75% 30:42 Wasting Government Spending 31:48 Housing Policy and Unintended Consequences 36:01 Canada's Real Estate Identity Crisis 40:32 Transition to Mike Rothman 41:47 Canadian Oil Bull Case 42:57 Responding to Anti-Oil Narratives 44:19 Oil Became Politically Toxic 50:28 Supply Constraints Are Getting Worse 53:21 Why Energy Investment Never Came Back 56:27 Russia, Ukraine, and Energy Geopolitics 59:11 Europe's Energy Mistakes 1:00:17 Long-Term Commodity Supercycles 1:05:17 Cushing Crude Stocks Explained 1:06:31 Physical Markets vs Financial Markets 1:12:05 Why Markets Ignored The Signs? 1:18:09 Green Energy Realities vs Oil Demand 1:20:52 Why Oil Still Matters For Decades? 1:25:06 Economic Cost of Inaction 1:28:11 Lessons From Global Credit Crisis 1:32:18 Canada's Future Growth Potential 1:35 What Canada Needs To Do Next? Disclaimer: The information within our content is not intended to be or construed as investment advice. Please consult a professional advisor before putting a "loonie" into any of these financial markets. #LoonieHour #canada #macroeconomics

    Are Canadian Tax Payers Bailing Out Developers?
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Hosts & Guests

About

The Loonie Hour is a Canadian based macro economic podcast covering newsworthy events across the globe and how they will impact Canadians.

Information

  • Creator
    Steve Saretsky
  • Years Active
    2021 - 2026
  • Episodes
    255
  • Rating
    Explicit
  • Copyright
    © Steve Saretsky
  • Show Website
    The Loonie Hour

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