January 10, 2025 | A Credit Crunch Coming Soon
Hints of an imminent credit crunch in the U.S. and Canada are piling up. Too much debt in commercial real estate, residential real estate, credit card balances, personal loans, mortgages, builders’ construction loans and even governments could trigger a crisis of failure to repay debts. This chart shows U.S. private sector debt since 1834 and […]
January 3, 2025 | A Very Reliable Recession Indicator is Flashing Red
Among the several U.S. recession indicators warning of trouble to come, this might be the best one to watch. Yield curve inversion sounds a bit wonky, but it is straightforward. The yield curve on government bonds is derived from the different interest rates on the short, medium and long-term maturities plotted on a graph. The […]


