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David Rosenberg @EconguyRosieThe spike in Umich consumer inflation expectations is nothing more than a misnomer. The problem is that it is taking place at a time when the working class is losing bargaining power at an alarming rate. Fully 67% of households see higher unemployment over the coming year (was…
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Daily Archives: April 9, 2025
Driving drunk without brakes
I’ve continuously pointed out the danger of asset bubbles because they commonly lead to a slippery slope of destructive behaviours, threatening the health and stability of individuals, businesses, and the economy. After a dramatic wipeout in March 2020, stock prices … Continue reading
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Rise in stressed homeowners leading prices lower
In March, the year-over-year change in new listings (yellow bars below) outpaced sales volumes (blue bars) in all major Canadian urban areas. See Canada’s homebuyers wait out trade war fallout: March saw more homebuyers retreating to the sidelines amid growing … Continue reading
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