Hello, my friends and clients!
I am working hard in real estate with great success due to a hot Canmore market...no doubt about it. My investment adviser's past, my interest in geopolitics, climatology, and UofC experience feeds my insatiable craving for data, information, and analysis. Today, I run into an interesting and short article written by Mark J. Grant.
https://seekingalpha.com/article/4379664-central-bank-watch
"Currently, the world's major central banks have assets, in U.S. dollars, of $26.8 trillion. This breaks down into the Fed with $7.1 trillion, the ECB with $7.7 trillion, the Bank of Japan with $6.5 trillion, and the People's Bank of China with $5.5 trillion. The Fed had been leading the pack for a while, but now the ECB has sprung ahead as the medical and economic crisis in Europe has worsened.
As a percent of their local currencies for their GDP, it shows the following:
| Central Bank | Percent of GDP |
| Fed | 34.40% |
| ECB | 53.10% |
| BoJ | 125.70% |
| PBOC | 36.00% |
It is also of interest to consider what the ECB and the BOJ have done, which is to push their yields below the once-unthinkable line of zero."
This article confirms the belief of my guru Ray Dalio, that we are edging to the end of the big cycle. I would add to Mr. Grant and go one step farther, because if Ray Dalio is right, then to have money in "safe" GICs or cash in the bank might not help you. The hot market in Canmore is not overheated like the market in Ontario and Vancouver area. Here lies an option where to put some of your hard-earned money into a very hard asset.
Today, there are 235 listings in Canmore today, while there were close to 350 at the beginning of the summer!
Do I have to tell you more?
