Montreal City Weblog

Kate 10:47 on 2021-01-06 Permalink Reply  

• Chris 11:39 on 2021-01-06 Permalink

  And while you’re at it, explain the current S&P 500. 🙂

• GC 13:03 on 2021-01-06 Permalink

  Anecdotally, I know a lot of people who have bought bigger places because one or both of a couple is now expecting to work from home a lot more.

  Obviously, a lot of people have taken a big financial hit from the pandemic. (And some billionaires have actually _benefited_ from it…) A lot of office workers, however, haven’t taken a hit but have all this extra money that they used to spend on travel, bars, restaurants, etc.

• su 13:04 on 2021-01-06 Permalink

  I think it is because of the low interest rates set by reserve banks to make money cheap to borrow .
  Low mortgage rates. The markets have completely disconnected from the real economy through the cheap money that wealthier folks can borrow because they have collateral.
  This was the chosen method to bailout the economies after the derivatives fraud scam of 2007-2008.

• walkerp 13:22 on 2021-01-06 Permalink

  People who have discretionary income are spending less on consumer goods and thus have more to invest. I think that partially explains the growth of the stock market over this time (and does not undermine the argument that our system is utterly pathological).

• su 13:47 on 2021-01-06 Permalink

  I worry about massive privatisation to come when our governments are bankrupt and totally in debt after all this. It was bad enough in 2008 ! Whoever has some big bucks stashed away is going to make a killing…which of course will “trickle down” to everyone else.

• GC 09:02 on 2021-01-07 Permalink

  Also, some people of means have been buying chalets. They aren’t ready to complete give up their place in the city, but they don’t have to be there all the time anymore, so…