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Monthly Archives: December 2023
Fed holds policy rate at 22-year high–that’s the good news
As expected, the US Fed did not hike yesterday and held its policy rate at a 22-year high while signalling rate cuts to start in 2024. Asset markets are jubilant across the board. Relief rallies are typical at the end … Continue reading
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No shame in seeking debt help
A generation of people has been devastated by monetary and fiscal policies aimed at ‘helping’ them to borrow financially suicidal sums for housing. Grave mistakes have been made, encouraged by many well-meaning family members, policy-makers and commissioned realtors and lenders. … Continue reading
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Consumer spending and employment downturn in 2024
Consumer spending drives some 58% of Canada’s economic growth and 68% in America, so when households are blindsided by higher carrying costs and deteriorating employment, financial weakness compounds through the economy to lower revenues for companies and governments. See more … Continue reading
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