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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: April 2022
Rosenberg and Pomboy Part 2: Market Hell Ahead?
Building off of their analysis in Part 1 of this interview, David Rosenberg & Stephanie Pomboy continue explaining why a recession looms dead ahead, one likely to be accompanied by serious downward corrections in stocks, bonds (except long-dated US Treasurys), … Continue reading
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The ‘top is off’ Canadian housing
New data from Statistics Canada’s Housing Statistic Program shows multiple-property owners held between 29 and 41 percent of the housing stock in Ontario, British Columbia, Nova Scotia and New Brunswick in 2019 and 2020. In a word: unsustainable. Nova Scotia … Continue reading
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Slowing economy suggests bond sell-off overdone
Spikes in agriculture, fossil fuels and housing (housing makes up a third of CPI) pushed inflation (a lagging indicator) in March to the highest reading in 40 years. Amid negative real wages, consumers have less cash for everything, and corporate … Continue reading
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