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Cory’s Chart Corner
Humans just repeat the same old themes decade after decade. Today there is far more debt to service, thus greater financial impact on spending. Ask Walmart's CEO if he's noticed any change in consumer behavior while the U.S 10 years hits 5%.
Don’t forget in April of 2007 10 year hit 5.3% and by October of 2008 they were 2%.
Daily Archives: October 17, 2017
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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