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Cory’s Chart Corner
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Wildly asymmetric and unsustainable.
BREAKING: The wealthiest 1% of US earners now own 50.1% of US equity and mutual fund holdings.
To put this into perspective, their ownership stood at 40.1% in 1990 and 39.6% in 2001.
At the same time, the next 9% wealthiest households own 37.3%, and the middle 40% own just
Category Archives: Main Page
30-year mortgage amortizations are not the solution needed
The latest government initiative to try and keep home prices at unaffordable levels is to extend the term of debt amortization to 30 years from 25 for government-insured mortgages (available where property prices are $1 million or less). Making people … Continue reading
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Danielle on CBC Weekend Business Panel
Danielle was a guest with Jacqueline Hansen and Elmer Kim on CBC’s Weekend Business Panel. You can view a video clip of the segment here.
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Rate cutting comes with deteriorating job market
Frances Donald, chief economist at Manulife Investment Management, and BMO Capital Markets head of US rates strategy Ian Lyngen explain the biggest economic challenges facing the Federal Reserve as the central bank’s 2% inflation target remains elusive. Frances and Ian … Continue reading
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