China followed Japan’s bubble-boosting playbook from the 1980s, and Canada followed China along for the ride through levered capital flows into commodities and our real estate market. The bust part is less fun.
Low bond yields, weak inflation and a struggling property market have raised fears China may see its own version of Japan’s 1990s “balance sheet recession.” Can China change course in time to avoid its own “lost decades?” Here is a direct video link.
Tariff wars, consumer debt and Canada’s outlook. Here is a direct video link.
Merryn Somerset Webb interviews GMO co-founder and notorious caller of market bubbles Jeremy Grantham. Grantham, who also serves as the firm’s long-term investment strategist, leans into his more than five decades of investing experience to explain the current “super bubble” in the markets. He comments on when we’ll see a correction, the fate of the green transition and why he’s so concerned about population decline. Here is a direct audio link.
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