> With stocks hitting new all-time highs almost every day, global bond yields at or near zero, and Canadian home prices at nose-bleed levels, it seems like everything these days is in a bubble.
A photo-sharing app with a market capitalization of 34.69 billion. Yes, it's a bubble.
I've downvoted your comment because the article is referring to a very specific localized housing bubble in Toronto due (potentially) to the behavior of foreign investors.
This is not an article about startup or the US stock-market bubble.
Actually it is irrelevant. I can find bubbles in Africa and 10 other countries across the world. Screaming "bubbles" in 100 random places, doesn't mean your current place is a bubble. Unless you can justify how those other bubbles are related to the housing situation in the original article, we can't assume they are relevant simply because "there are a lot of bubbles elsewhere".
The 2 issues might be relevant to each other, they might not. But you can't assume there is a relationship between the 2 issues.
Hey man, nothing personal.
Not saying there aren't negative things going on in the world. Heck, it's probably true what you said, the 2 might be related somehow.
But without pointing out why, I can't just assume the 2 are related, right?
A photo-sharing app with a market capitalization of 34.69 billion. Yes, it's a bubble.