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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: March 22, 2022
Rate shock pandemic spreading
Yesterday, US Fed head Jerome Powell ramped up talk of inflation-fighting rate hikes and aggressively reducing the Fed’s balance sheet. Bond prices have tumbled, as debt service costs leap for the public and private sectors. Over the past seven months, … Continue reading
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Canada’s unaffordable housing comes with long-term financial drag
The price of the average Canadian home hit $816,720 in February, its highest level on record (Canadian Real Estate Association). The $816,720 average selling price is up 20 percent compared to last year’s level. In the most populated areas of … Continue reading
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