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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: April 15, 2019
Canadian households at point of hard return
At 1.1%, the Canadian savings rate is today near all-time lows, while Canadian debt is at all-time highs, and unemployment is set to move higher. Years of reckless financial policies have driven Canada to the point of hard return. This … Continue reading
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Jim Grant: central banks are arsonists masquerading as firefighters
A recent print interview with credit analyst Jim Grant is worth reading, see The world-wide suppression of interest rates has been something very near a crime. Couldn’t agree more, to wit: “…the suppression of interest rates has served to advantage … Continue reading
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Tapped out consumers driving retail losses and store closures
A new week and more data suggesting that the credit-driven consumption peak is behind us this cycle, see Malls see a tsunami of store-closures as foot-traffic declines. While deep discounting brought some resurgence of shoppers into 2018, merchandisers selling at … Continue reading
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