Home » Posts tagged 'jim goddard'

Tag Archives: jim goddard

Olduvai
Click on image to purchase

Olduvai III: Catacylsm
Click on image to purchase

Post categories

Post Archives by Category

Why Rising Mortgage Rates Threaten Canada’s Banks

Why Rising Mortgage Rates Threaten Canada’s Banks

Wolf Richter with Jim Goddard on This Week in Money:

Interest rates will continue to rise in the US and Canada. In both countries, potential buyers face affordability issues, which puts a damper on demand. But in Canada, variable-rate and adjustable-rate mortgages dominate (while ARMs are only 6% of all mortgage originations in the US), and currenthomeowners have to struggle with rising monthly payments of homes they bought at inflated prices. This has already started to happen. Here’s my take:

Home-equity-loan balances in Canada per capita are now 3.3 times what they were in the US during HELOC peak before it all collapsed. Read… HELOCs in the US & Canada: As “Scarred” Americans Learned Bitter Lesson, Canadians Went Nuts

Housing Bubbles Are Dangerous, That’s Why Canada is Finally Trying to Tamp Down on Them. And the US?

Housing Bubbles Are Dangerous, That’s Why Canada is Finally Trying to Tamp Down on Them. And the US?

Wolf Richter with Jim Goddard on This Week in Money:

The underlying dynamics are similar, but the approach is different.

Home prices experience a historic spike in Seattle, and sharp increases in other metros, but prices of condos in New York fall. Read…  The Most Splendid Housing Bubbles in America

My Views on US-Canada Trade, Steel’s Impact on National Security, NAFTA, and the Dollar

My Views on US-Canada Trade, Steel’s Impact on National Security, NAFTA, and the Dollar

Wolf Richter with Jim Goddard on This Week in Money:

Trade agreements are designed to benefit companies, not people – which is part of the problem. We also get into whether gold and silver will remain stuck in the current trading range, and whether there will be a recession under Trump.

 

How People Turn into “Debt Slaves?”

How People Turn into “Debt Slaves?”

Wolf Richter with Jim Goddard on This Week in Money:

The Price of Easy Money, Low Interest Rates, and Debt Bubbles:

After the party, the hangover. Read…  The State of the American Debt Slaves, Q1 2018.

Rising Interest Rates: New Era with Tough Outcomes

Rising Interest Rates: New Era with Tough Outcomes

 

What will the bond market do? The conniptions in the Treasury market are causing pain in existing portfolios but offer opportunities down the road. What’s the impact of these rising interest rates on the housing bubbles in the US and Canada? Where is the pain threshold? How will it differ in the US and Canada? And what will higher interest rates do to new- and used-vehicle sales? We’re at the beginning of a new era with potentially tough outcomes.

The Fed’s monetary policy shift is finally taking hold. It just took a while. The Louis Fed Financial Stress index spiked beautifully and suddenly, from historic lows back in November. Read…  “Financial Stress” Spikes. Markets, Long in Denial, Suddenly Grapple with New Era

Olduvai IV: Courage
Click on image to read excerpts

Olduvai II: Exodus
Click on image to purchase

Click on image to purchase @ FriesenPress