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Monthly Archives: May 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
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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
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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
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