Follow
_________________________
Cory’s Chart Corner
Humans just repeat the same old themes decade after decade. Today there is far more debt to service, thus greater financial impact on spending. Ask Walmart's CEO if he's noticed any change in consumer behavior while the U.S 10 years hits 5%.
Don’t forget in April of 2007 10 year hit 5.3% and by October of 2008 they were 2%.
Category Archives: Main Page
Canada’s housing downturn barely started
Bank economist Robert Kavcic offers useful macro housing context in the Better Dwelling segment below. One caveat worth noting, though: from a price peak in February 2022, a housing bottom by mid-2023 would be an unusually quick downcycle. Meanwhile, the … Continue reading
Posted in Main Page
Comments Off on Canada’s housing downturn barely started
Monetary policy changes are felt slowly and then all at once
Used car prices fell nearly 15% year over year in December, and as shown below, since 1997, prices would need to fall another 30% to return to pre-COVID norms. Monetary policy changes move through the economy in 12 to 24-month … Continue reading
Posted in Main Page
Comments Off on Monetary policy changes are felt slowly and then all at once
This housing bust is global
Canada led the world in the most egregiously inflated home prices in the past few years, but New Zealand, Australia and Sweden were other top-risk contenders. Now high debt levels are having similar demand and price-depressing impacts in many countries … Continue reading
Posted in Main Page
Comments Off on This housing bust is global
