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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: November 14, 2017
Investment marketing wrappers and the rot within
Exchange Traded Funds (ETFs), mutual funds or indices are only a marketing wrapper or package around a group of individual securities. Reassuring names aside, their investment prospects can only be as good as the individual constituents within– defined by their … Continue reading
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MacLean’s: How Canadian homes became debt traps
Tale as old as time: over-spending, under-saving, taking on debt to elevate ‘lifestyle’, tax-payer backed programs designed to enable bad habits, and a finance sector recommending destructive behaviors including the ‘miracle’ of Home Equity Lines of Credit (HELCOs) and ‘borrowing … Continue reading
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Debt-fueled-consumption-supercycle in retreat: “We’ve wasted our gravy train”
In 1880, Melbourne Australia was the richest city in the world, until it had a property crash in 1891, halving home prices and launching the nation into an economic depression that was longer and deeper than the Great Depression of … Continue reading
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