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Stephen Punwasi 🌋 🚀 Profile picture
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21 Jul, 4 tweets, 3 min read
WTF? Did Toronto police do a shift change to beat on protestors and homeless people for 8 hours, or is this just overtime?

#ToRe #Toronto

Thanks, 🇨🇦.

Your country is a lot safer now that this peaceful housing activist was pummeled with a baton while on the ground.

#Toronto #ToRe
TL;DR How Toronto treats anyone discussing the housing crisis.

#TOpoli #ToRe
Being homeless in Toronto gets the ole knee to the neck.

No wonder they try to run journalists out of the area before conducting raids.

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More from @StephenPunwasi

Stephen Punwasi 🌋 🚀 Profile picture
21 Jul
Toronto “helping” the homeless by sending in the police to raid another tent village.

#ToRe #Toronto

What’s happening here? Because it sure as heck looks like a cop lost his temper and took it out on someone.

#Toronto
Check out what happens to this young lady that runs over to stop what looks like a cop beating down a black guy for no apparent reason.

#Toronto
Read 6 tweets
Stephen Punwasi 🌋 🚀 Profile picture
10 Jul
Oh jeez. I just got an email from a Boomer saying I engage in “deception” because he doesn’t think the difference between 2 and 4 is 100%.

To reiterate, a Boomer felt the need to write an email to say it’s deception to use math. His ignorance is my fault, apparently.
Overall, pretty fantastic day for unsolicited Boomer insults.

I’m curious how Oil Patch Aunt Jemima came to the conclusion he was more masculine than me tho. 🧐😂
You can also usually tell where these guys are from just their first name, and the type of comments made.

Bud, I’m so not checking you out to the point where you might want to wear a reflective vest on the road. 😬😂
Read 4 tweets
Stephen Punwasi 🌋 🚀 Profile picture
7 Jul
Money seems broken these days because the world never recovered from the Great Recession.

This is the velocity of money, which shows how many times each dollar in the economy is spent.

It just falls post-2008. Nothing like this is in history.

<thread> 🧵👇 #bitcoin
2. Even in high inflation periods like the 80s, money has never been created this inefficiently. This is due to how we view recessions.

Recessions are required. They purge inefficiencies. It's bad for politicians though, that are more worried about access to a pension.
3. So they decide to game the system. All they need is positive GDP growth, right? It doesn't matter where or how it impacts society.

So they print money. A lot. And they keep doing it, with inflation being the only goal. Inflation comes from velocity though, not volume.
Read 8 tweets
Stephen Punwasi 🌋 🚀 Profile picture
7 Jul
Millions of homes across the world are vacant. It doesn't matter if there's a housing crisis.

Vaults of priceless artwork are stored in offshore lockers. No one will ever see them again.

Why? It's how we store value.

Consider *maybe* the monetary system is broken.

#bitcoin
2. If you don't know what I'm talking about, here's a quick primer on the vacant home epidemic.

3. ... and here's your primer on how the world's greatest art collection sits in a tax-free port, and is rarely ever seen.

The pieces just shift from locker to locker, and on the occasion, a person flies in and takes a look at his Picassos. Or doesn't.

Read 6 tweets
Stephen Punwasi 🌋 🚀 Profile picture
6 Jul
Quick thread on why funds like Blackrock are in bidding wars for your grandma's single-family home.

Let's try something different. Pretend you're an institution. I'm going to pitch you on why you should consider buying a home, or 100,000.

<thread> 🧵👇
2. Let's start with your pre-Great Recession days.

You were investing in bonds, booking 5% fixed income returns, and doing mountains of coke. Things. Were. Awesome.

All of a sudden, the Great Recession happens. Interest rates plummet, and you can't make any money lending cash.
3. What happened? Well, credit markets are based on supply and demand.

When more people want to borrow money than want to lend, interest costs rise.

If more people want to lend money than borrow, interest costs fall.

Bad environment = no one lends, everyone needs. High rates.
Read 18 tweets
Stephen Punwasi 🌋 🚀 Profile picture
17 Jun
Too few people understand how government debt sends home prices higher.

The more money the government needs, the more bonds the BOC has to purchase.

This drives down rates across the board — from the government’s rate to mortgage rates.

This does two things.

<thread> 🧵 👇
2/ One: It makes it cheaper to borrow more money. Traditions economics says this lowers the cost of servicing, but in environments where prices are rising, it just allows them to grow faster.

Traditional analysis does not apply when the state creates a non-market environment.
3/ Two: it lowers fixed income investments, and crowds investors out of the market.

If an institution had a billion to lend to the gov for 2%, and that falls to 1%, they look elsewhere. They don’t want to lose inflation.

Since the gov backs housing, why not try there?
Read 7 tweets

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