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Monthly Archives: April 2019
Debt-fueled property bubble deflating in Stockholm too
Low-interest rates, lax-lending and speculative fever, drove a boom in property demand, size and opulence over the past decade in most of the world’s major cities. Now home prices are unaffordable for most and debt is maxed out everywhere, just … Continue reading
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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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