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Housing downturn accelerates in April
TRREB is Canada’s biggest real estate board, covering the Greater Toronto Area (area codes 416 and 905, as shown below), which has the largest population concentration in Canada. TRREB just posted April numbers (here); year over year, single-family home sales … Continue reading
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Fed sits tight as economic hits keep coming
Yesterday, the US Federal Reserve held its policy rate steady at 4.25%–4.50%, as Chair Jerome Powell admitted he doesn’t know whether rising inflation or surging unemployment will hit hardest. In the meantime, indebted businesses and consumers feel the pressure of … Continue reading
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Trade-war pain spreading
China’s economy showed signs of damage from the trade war in April, with a drop in export orders and the weakest production at the country’s factories in more than a year. See, Beijing doesn’t want America to see its trade … Continue reading
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