ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
September 10, 2022 | Synchronous Global Housing Downturn
This segment offers a good overview of the global housing downturn. Rather than thinking of it as a housing “crash” though, realists can see it as an inevitable mean reversion cycle following a massive speculative bubble. Home Prices across America are DROPPING FAST, according to New Data from Redfin. Metros like Austin, Dallas, San Jose, […]
September 9, 2022 | Mortgage Stress is International Saga
Recent Canadian mortgage data compiled by the Bank of Montreal gives a glimpse at the rate of change afoot for many Canadian property owners: Some 20% of all Canadian mortgages outstanding ($260 billion) are variable rate loans taken out near the interest lows at 1.5% into February 2022. With rates on offer now closer to 5%, many […]
September 8, 2022 | Desjardins: Canada the Most Debt Sensitive Economy in the World
Canada comes into this global downturn with a world-leading real estate bubble (property values accounting for some two-thirds of household net worth) and record-private debt levels at a whopping $7 trillion (households and businesses) in an economy tracking about $2.6 trillion in GDP. A bursting debt bubble in a poorly diversified economy largely dependent on […]
September 7, 2022 | Debunking the Volcker Myth
The USD Index (DXY shown below since 1980) above 110 this morning is a 20-year high not seen since April 2002. The Euro (58% of the dollar index) is below par and at the lowest since July 2002, while the Japanese Yen (14%) is at the lowest since 1998, and the British Pound (12%) is […]
September 6, 2022 | Quantitative Tightening is Supposed to Step up 5.5x This Month
Happy September!! Starting now, the US Fed is to run off its balance sheet (reduce liquidity in the banking system via ‘Quantitative Tapering’) by $95 billion a month–double the amount they were supposed to have been withdrawing (QT) since the start of June. In reality, though, rather than shrink its holdings by $45 billion a […]