Monthly Archives: April 2022

Excess supply is the next shock

As household savings and cash flow have been increasingly needed for basic necessities like food, fuel and housing, the economically-sensitive household spending intentions on durable goods have tumbled to the lowest level since the double-dip recession of 1980-81.  One of … Continue reading

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Housing cheaper to rent than own is a warning for buyers and lenders

As government bond prices have declined on expectations of aggressive rate hikes from central banks, fixed mortgage interest rates (priced off bond yields), have leapt. After rising sharply during the pandemic, high home prices have now combined with higher interest … Continue reading

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60 Minutes: Corrupt money has infiltrated the economy

Illicit inflows have helped to inflate property bubbles globally, not just in Britain.  Efforts to clamp down on it are a headwind for asset prices and the economic activity it has generated, especially in places like the U.K., Australia, Canada … Continue reading

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