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Cory’s Chart Corner
Load MoreNot sure why this is so shocking to folks...the data is all around us. h/t @FroehlichThors1
Thorsten Froehlich @FroehlichThors1I mean - guys - this is real
since 1 April 2021, post COVID
(1) Savings rate dropped 90%
(2) Credit card balances up 28%
(3) # of credit cards up 62% (more credit cards / capita)_________________________
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Monthly Archives: May 2026
Iran war killed housing recovery
The housing cycle was starting to stabilize. Then the Iran War caused higher oil prices, a surge in inflation, and higher mortgage rates. Here is a direct video link. CMHC Mortgage Survey: Renewals Hurt, Default Fears Fall. The Bank of … Continue reading
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Treasury yields take the wheel
Market interest rates have been climbing as the Middle East conflict puts upward pressure on oil prices and inflation expectations. The US Bureau of Labour Statistics reports that consumer prices rose 3.8% in April, accelerating from the 3.3% pace in … Continue reading
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About That: Does Canada have a personal bankruptcy problem?
In the first three months of the year, Canadian consumer insolvencies shot up to levels seen during the 2009 recession. Andrew Chang puts this data into perspective and examines what may be driving the trend. Here is a direct video … Continue reading
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