Month: July 2022
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Quick Hits: Toronto Real Estate Decline
A few quick charts for my friends in Toronto. Many areas around the Greater Toronto Area have experienced significant price declines over the past few months. Still, as you can see below, even the adjusted price remains unaffordable for many. Particularly when you factor in higher debt servicing costs, due to higher mortgage rates. Toronto […]
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Have markets bottomed?
There are some signs of investor capitulation. Is the worst already priced into risk assets?
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Is the Fed fighting last year’s battle?
Retail inventories are piling up. Many commodity prices are declining. There are signs the economy is slowing. These are all indications of potential future deflation. Yet, central banks are tightening aggressively. On July 13th the Bank of Canada increased rates by 100 basis points. Markets are now assigning a 31% probability the Fed hikes by […]
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A Warning from a Farmer
Quotes directly from the source
DumbWealth 