Monthly Archives: October 2017

Flattening curve: ticking clock on this over-extended cycle

As the stock market parties like it’s early 2000, a historically reliable indicator of economic weakness, the yield curve, continues to raise alarm in North America.  The spread between 2 and 10 -year US Treasury yields reached a new cycle … Continue reading

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Tulip Mania revisited

We watched the recently released film Tulip Fever last night.  The main plot focuses on two pretty sexy love stories, but the more interesting backdrop is the speculative mania that swept Holland in the 1600’s known as Tulip Mania.  Here … Continue reading

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Zero tolerance necessary for phone use behind the wheel

Electric autonomous vehicles are a technology that’s time has come for many reasons.  Avoiding unnecessary carnage, cost and loss from intoxicated and inattentive drivers is a huge one. In the meantime, as with drinking and driving, zero social and legal … Continue reading

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Canada extends stress tests to uninsured mortgages in 2018

The Canadian Office of the Superintendent of Financial Institutions this morning announced stress testing rules will be expanded to include both uninsured and insured mortgages in Canada. Starting January 1, 2018, Guideline B-20 requires the minimum qualifying rate for uninsured … Continue reading

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‘Big Short’ Eisman: Canada due for ‘pretty severe correction’ in credit cycle

Canada’s housing market is “ripe for a pretty severe correction” with Canadian Imperial Bank of Commerce the most vulnerable, according to Steve Eisman, a fund manager at Neuberger Berman Group LLC. Here is a direct video link. “In Canada, there’s … Continue reading

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Downsizing expenses and waste: a trend whose time has come

We’ve been writing for some time about secular trends that will increasingly urge baby boomers to downsize McMansion-style homes.  Not only do people physically want less property upkeep as they age, but the drop in ‘safe’ income yields from 5 … Continue reading

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