Business

The crypto space was thrown into chaos today as the price of bitcoin and its peers plunged overnight, cementing the pioneering digital currency's worst week since December 2013, only to rebound dramatically into the close, wiping out virtually all losses. Early today, just as the rout was nearing its trough, we shared a story from the Wall Street Journal about a mystery trader who placed a $1 million bet that bitcoin will climb to $50,000 by December 28, 2018.

Authored by Ethan Gaines via A Cold War Relic blog,

I love selling cars, the industry gave me a purpose after the shitty experience of being a corporate cog. But I’m truly starting to fear the worst for the American car industry.

The industry has shown growth since the dark days of the recession but the business model morphed into an ugly free for all.

It was quite a week...

• Dow, S&P up 5th week in a row
• VIX up
• Long Bond's worst week since the election
• HY Bond down 4th week in a row
• Bitcoin's worst week since Dec 2013
• Gold's best week in 2 months
• Copper's best 2 weeks since election

But cryptocurrencies made all the headlines this week...

We suspect a few crypto 'millionaires' are crying in their milk somewhat tonight. We hope this helps...

Authored by Steve Saretsky via VanCityCondoGuide.com,

Nothing says Merry Christmas like a 27 year low for Canadian housing affordability. That’s right, real estate across Canada has not been this un affordable since the year 1990 per RBC. Spoiler alert house prices tumbled shortly thereafter.

RBC Bank released their updated Q3 numbers for housing affordability. To no surprise, Vancouver leads the nation in the most unaffordable market to buy a home. Followed by Toronto and then Victoria.