Canadian banks could drop by 'at least' 50%: Short seller

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Canadian banks could drop by 'at least' 50%: Short seller 4.5
Kevin Smith, CEO of U.S. hedge fund Crescat Capital, is putting Canadian banks in the same camp as those in China and Australia: worthy of a short. He outlines the key factors and why the global growth slowdown makes this time different.


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💬 Comments on the video
Author

A low unemployment rate means nothing when a house is $3, 000, 000 and rent on a one bedroom is $2, 500. Food is up 35% because the dollar is at $1.32 USD. It's just a matter of time before it all tanks.

Author — Lobster Boy

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Is Canadian (Toronto/Vancouver) real estate over-priced? Yes
Does this guy do a good job in explaining why there's a bubble? No

Author — Ali S

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Short sellers predicting a drop? There’s a shock.

Author — OTR Adventures

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53 million in asset management? Is that even a company?

Author — Axes and alcohol

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Canada is extremely overdue for a housing correction and the amount of personal debt and lack of savings Canadians have will crush the markets. It’s only months or a year or 2 away at most. Protect yourselves

Author — James

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housing is 90% overpriced, I would say the banks are also 90% overpriced

Author — Kevin L

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Like America, Canadian tax payers will bail out the banks.

Author — William Kiene

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CHINA IS THE ENRON OF THE GLOBAL ECONOMY!!! So this guy is going to be proven 100% ACCURATE on all the major calls he made in this interview...

Author — AL SMART

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Agreed Canadian Debt ratio high. House prices too high

Author — rajeevchugh12

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Let’s be clear... by “Canada” they mean “Ontario”

Author — Pablo Galvez

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“Global Buisness cycle”... What in the heck... Canada Sovereignty is actually Global Sovereignty. I get it... lol

Author — Mike B

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Makes me wonder that these cycles are being controlled to increase profits for the few that really are in control !

Author — ed jolly

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When the housing bubble bursts at least here in Alberta we won't see big drops. We've already seen housing prices drop with our economy tanking last 5 years.

Author — James

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Join the yellow vests of Canada to say no more! City Halls across the nation every saturday at 11 am. If your city doesnt have one yet, start!

Author — Obsessive Compulsive

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i am still waiting on the 50% drop, what the f.... would be a great Christmas present for myself

Author — Lee Kazuya

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"It's over commander"


-Han Solo

Author — Macio Luko

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Just learned a new term from Kevin: "Minsky moment". Thank you.

Author — AZmisc

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From Calgary. I'm building A Tiny House on wheels this Summer with my cash business, no banks involved.

Author — Peter Hall

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Short sell and then go on TV in an attempt to create a panic sell-off,  which would have the effect of bringing on the reduction in price that he has placed his bet on.

Author — Darren51283

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BREAKING NEWS: Shorts say it's going down, Longs say it's going up.

Author — Alex S