In Toronto, house prices have already declined 9% YoY and home sales have dropped to the lowest levels in over a decade.
Canada has more private debt than Japan during the 1990s real estate bubble.
Honestly, not looking good for the Canadian housing market.
California drawing the line at legal sports betting is hilarious.
Can take heroin in state approved clinics but canโt take TCU +7 this weekend legally.
The bond market seems to be signaling that the Fed is making a serious mistake. At -80 basis points (as measured by the 10 year vs 2 year Treasury yields), the yield curve is more inverted now than at any time since the early โ80s when double-digit inflation was entrenched.