Seasonally adjusted average house prices have now dropped the most since the 1980's. Inflation is subsiding but central banks are determined to push ahead, even if it means creating a recession. China is facing deep economic issues and cut interest rates. Inflation hits double digits in England and Germany turns on the Nuclear reactors. See omnystudio.com/listener for privacy information.
US inflation has made the turn and is now trending lower, but will it fall enough to allow central banks to pivot? Markets are ripping on potentially false hopes. Commodities continue to look favourable over the medium term, and more bearish predictions for the Canadian housing market. See omnystudio.com/listener for privacy information.
Will the Central banks cave on their inflation mandate in the eyes of weakening economic data? The Bank of England just raised interest rates 50bps and says a recession is all but guaranteed for the fourth quarter and that it will last well into next year. The Canadian housing market continues to roll over, with both Vancouver & Toronto Real Estate markets experiencing multi-decade lows in housing sales. Toronto house prices dropped nearly 4% in the month of July. Financial stresses continue...
The US federal Reserve raised interest rates another 75bps. More interestingly is that Powell will be removing forward guidance, and all future rate hikes are now data dependent. The US then recorded the second consecutive quarter of negative GDP, indicating a technical recession. Bond yields are falling on the news, and the all important Canada 5 year bond yield is now down nearly 100bps since peaking last month, indicating an upcoming decline in fixed rate mortgages. See omnystudio.com/listene...
CPI inflation in Canada came in at a 40 year high, but was below market expectations. Has inflation peaked from a rate of change perspective? Meanwhile, in the economic fantasy land that is the European Union, the ECB raised rates by 50bps, brining interest rates to zero. The end of negative rates in Europe is officially here. China bank runs and a property bubble threaten stability across the globe. See omnystudio.com/listener for privacy information....
The Bank of Canada shocked markets with a 100bps rate hike, the largest rate hike since 1998. Variable rate mortgages are going up and we could soon see fixed payment mortgages get triggered with sudden payment increases. Meanwhile, the USD continues to be the global wrecking ball as investors take a risk-off stance. See omnystudio.com/listener for privacy information.
Fixed Mortgage rates appear to have finally peaked and are now moving lower as markets price in an economic recession. The first major Canadian bank has now unveiled a recession call for 2023, will the other banks follow? Energy prices, rampant food inflation, and government policy are creating social unrest as protests break out across parts of the world. See omnystudio.com/listener for privacy information.
Latest data from the Atlanta Fed is suggesting we might already be in a recession. Meanwhile, home sales continue to slow in suburban housing markets, and stresses are rising in the corporate bond market with spreads widening to levels last seen in 2018 when the Fed was forced to pivot. Happy Canada Day Loonie Hour Community! See omnystudio.com/listener for privacy information.
Canada's inflation rate ripped higher once again, hitting 7.7% year-over-year and surpassing market expectations yet the 5 year bond yield fell on the news and has been declining in recent weeks. Have we seen a top in bond yields? Price action across commodities also suggests the inflation story may now be transitioning to an economic slowdown. See omnystudio.com/listener for privacy information.
The Bank of Canada Threatens To Break The Housing Market The Federal Reserve raises rates by 75bps the largest rate hike since 1994. The Swiss National Bank also shocked with a 50bps rate hike. Sovereign debt bubbles are now facing immense pressure, particularly in Europe and Japan. The crypto market is imploding and the tech sell-off continues. Canadian Real Estate prices fall for second consecutive month. See omnystudio.com/listener for privacy information....
More hawkish rhetoric from the Bank of Canada as they prep for another rate hike. Mortgage rates in Canada are now at their hightest levels in 2008 and some banks are pulling the cord. Meanwhile, the Euro Zone preps for to hike rates to zero as inflation surges. See omnystudio.com/listener for privacy information.
The Bank of Canada raised interest rates another 50bps this week. They remain very hawkish and suggest that interest rates may need to go north of 3% in order to get inflation down. Meanwhile, housing in Canada continues to slow. Financial repression continues in Europe and debt forgiveness in the United States. See omnystudio.com/listener for privacy information.
The boys predict what the Bank of Canada will do at their meeting next week. Oil prices continue to strain global markets and governments are reacting as expected with helicopter money and taxes on corporate profits. See omnystudio.com/listener for privacy information.
Inflation in Canada ticket higher once again, running at three decade highs. Food and shelter inflation is also increasing, creating social and political pressures. The Canadian housing market continues to slow. See omnystudio.com/listener for privacy information.
All hell has broken loose in the crypto market. One of the most popular Crypto projects, Luna, has basically gone to zero. Losses are piling up, but not just in crypto. Year to date, $35 trillion of global market value has been erased. Dollar pegs are under pressure across the world as we get closer to a financial accident. This episode was recorded live in Vancouver! See omnystudio.com/listener for privacy information.
The Fed raised rates by 50bps and said another 50bps should be on the table for the next couple of meetings. Meanwhile, equity markets continue to sell-off and there are signs that bank lending is tightening in a big way. Loonie Hour Live Event Tickets: https://www.eventbrite.com/e/the-loonie-hour-live-in-vancouver-tickets-326025299447 See omnystudio.com/listener for privacy information....
Troubles are brewing in Japan as the Yen continues to depreciate against a surging USD, falling to a 20-year low. Cracks are also starting to surface in China. Keep in mind all of this is happening with the Fed having raised rates a mere 25bps. Loonie Hour Live Event Tickets: https://www.eventbrite.com/e/the-loonie-hour-live-in-vancouver-tickets-326025299447 See omnystudio.com/listener for privacy information....
Inflation hits 30 year high in Canada, more rate hike increases expected. Are we nearing the detonation of the sovereign debt bubble? Plus more musings in China, Europe and Japan. Loonie Hour Live Event Tickets: https://www.eventbrite.com/e/the-loonie-hour-live-in-vancouver-tickets-326025299447 See omnystudio.com/listener for privacy information....
Canada’s Housing Market in the Crosshairs of Tiff Macklem The Bank of Canada raised rates by 50bps, the largest move in over 20 years. How far will they go? In this episode we discuss the likelihood of a financial mishap and the concerning outlook for the nations housing market. Listen to The Loonie Hour on your favourite podcast platform: The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0 The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-...
The updated Federal Budget was announced with some optimistic projects and of course, housing tweaks. In this episode we discuss what this means for the typical Canadian. Also, some Twinkie bets on what on the Bank of Canada will do next week. Listen to The Loonie Hour on your favorite podcast platform: The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0 The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-loonie-hour/id1591470469 The Loonie H...
Mortgage rates continue to rip higher and will hit home buyer demand in the months ahead. Canadian households remain more vulnerable than their peers in the US. Meanwhile, currency wars are emerging as central bankers grapple with how to tackle rising rates and inflation. Listen to The Loonie Hour on your favorite podcast platform: The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0 The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-loonie-h...
Mortgage rates are ripping, what happens when they hit 4% here in Canada? Meanwhile, Trudeau and Jagmeet partner up to create a deficit spending machine. We discuss the implications and the outlook for the Canadian economy. Listen to The Loonie Hour on your favorite podcast platform: The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0 The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-loonie-hour/id1591470469 The Loonie Hour on Google Podcas...
The Fed has officially begun raising interest rates with what is expected to be many more by year end. How will this play out? Meanwhile an update on the Canadian housing market and the job millennials should be considering Listen to The Loonie Hour on your favorite podcast platform: The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0 The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-loonie-hour/id1591470469 The Loonie Hour on Google Podcas...
Commodity inflation will put central bankers in an uncomfortable spot in the coming months. We are seeing currencies being debased at a rapid pace, setting the stages for Bretton Woods 3. What does this look like? The gents discuss in this weeks episode. Listen to The Loonie Hour on your favorite podcast platform: The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0 The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-loonie-hour/id1591470469 T...
For the first time since 2018 the Bank of Canada has begun raising interest rates. In this weeks show we analyze the move and make predictions on the path of rate increases moving forward. We also chat about the war in Ukraine and how it is adding to inflationary pressures and a huge bull run for commodities. Listen to The Loonie Hour on your favourite podcast platform: The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0 The Loonie Hour on Apple Podcasts: https://pod...
Russia has officially invaded Ukraine. What does this mean for markets and for Canada? Is this the air cover central banks were looking for? The gents also weigh in on the Trudeau pivot, removing the emergency act. Listen to The Loonie Hour on your favourite podcast platform: The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0 The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-loonie-hour/id1591470469 #TheLoonieHour #Macroeconomics #Personal...
The yield curve is flattening which is pointing towards possible recession signals ahead. Meanwhile, Rich lays out the bullish thesis for oil and the possible impacts on the Calgary housing market. Keith provides an overview of the tensions brewing in Ukraine. Listen to The Loonie Hour on your favourite podcast platform: The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0 The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-loonie-hour/id15914...
US inflation ripped to a 40 year high and central bankers are going to react by hiking interest rates on top of a global sovereign debt bubble. There won't be a Paul Volcker moment this time around though. We also chat stocks and crypto. Listen to The Loonie Hour on your favourite podcast platform: The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0 The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-loonie-hour/id1591470469 The Loonie Hour o...
The trucker convoy has landed in Ottawa. What are the implications from a societal, political, and financial perspective? Meanwhile, Canada's banking regulator says home prices could drop 10 to 20% in certain markets. Listen to The Loonie Hour on your favorite podcast platform: The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0 The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-loonie-hour/id1591470469 The Loonie Hour on Google Podcasts: ht...
The Bank of Canada shocked many in the financial world when they kept rates on hold this week. People were seriously pissed off. However, the gents at the Loonie Hour saw this coming. In this week's episode, we discuss the implications of this policy decision and what we expect moving forward. Listen to The Loonie Hour on your favorite podcast platform: The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0 The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/c...
