Follow
_________________________
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: May 16, 2018
Debt service costs are a function of rate and amount owed
Those saying that the recent rise in interest rates is still inconsequential because relative rates remain below historic averages, are ignoring that debt service costs are a function of rate and the amount of debt outstanding. With record debt at … Continue reading
Posted in Main Page
Comments Off on Debt service costs are a function of rate and amount owed
Bankers take, main street foots the bill
When markets come down, banks will look for bailouts and main street will be expected to foot the bill. From @RanaForoohar: “We all know something is deeply broken in our economy. It’s been eight years since the financial crisis. The … Continue reading
Posted in Main Page
Comments Off on Bankers take, main street foots the bill
Home sellers dig in, hoping fantastical pricing will return
Canadian average home prices doubled over the past decade (as shown in the chart below) as cheap credit and lax lending flowed. But over the past year, the supply of buyers has been retreating amid unaffordable prices and rising finance … Continue reading
Posted in Main Page
Comments Off on Home sellers dig in, hoping fantastical pricing will return
