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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%.
Monthly Archives: September 2019
Cash crunch intensifying for Canadian boomers
Years of poor money habits and destructive financial advice have taken a toll on the majority of Canadian households. This is particularly evident for the over-50 crowd, where high living costs, coupled with insufficient savings, low-income yields, risky-investment products, lax-lending … Continue reading
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TED: The dirty secret of capitalism and a new way forward
Rising inequality and growing political instability are the direct result of decades of bad economic theory, says entrepreneur Nick Hanauer. In a visionary talk, he dismantles the mantra that “greed is good” — an idea he describes as not only … Continue reading
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Money market strains warn of elevated capital risks
As the US Fed debates its next rate announcement tomorrow, a liquidity crunch in overnight lending rates in the repo market prompted the NY Fed to inject $53b into the US banking system today. See: Unhinged Money Markets trigger Fed … Continue reading
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