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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%.
Monthly Archives: October 2017
New Zealand to ban non-residents from buying homes. Canada next?
New Zealand’s newly elected government is launching an attack against foreign home ownership. In an effort to tackle soaring property prices, the country of 4.7-million people will pass a law that seriously restricts foreigners from buying property. The plan, as … Continue reading
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Do it for you: electric vehicles are cheaper
The purchase price for electric cars is coming down. In 2017, the average electric car transaction price fell by 11% from 2016. But that is only part of the math: less parts, repair and maintenance as well as lower fuel … Continue reading
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Americans too: IMF warns record US household debt is ‘economic trap’
The International Monetary Fund devotes two chapters of its latest Global Financial Stability Report to the issue of household debt and points out: high household debt levels deepen and prolong economic recessions. US household debt is back at pre-Great recession … Continue reading
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