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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 23, 2022
Higher borrowing costs already biting hard
Citing Fed Chair Powell’s recent inflation alarm, Goldman Sachs is predicting the U.S. central bank will hike policy rates half a percent at both its May and June meetings. The last time the U.S. Fed hiked by half a percent … Continue reading
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Shifting global foundations: China’s property sink hole
China’s credit-fuelled property boom was responsible for an estimated third of its economic growth over the last decade. It was also a significant driver of commodity demand, economic momentum and property market inflows globally. Its bust has contagion implications globally … Continue reading
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Miller: China leads dimming economic prospects globally
Worthwhile overview of the slowdown in the world’s second-largest economy and its global implications. Here is a direct audio link.
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