DATE

The Default Cycle Has Just Begun – The Loonie Hour #070

Steve Saretsky -

A big Vancouver Real Estate Developer goes belly up on over $700M in debt. Is this the canary in the coal mine? The Bank of Canada admits they had to pause over extreme household indebtedness. The Fed says disinflation is underway. The yield curve is now the most inverted since the 1980’s.

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The Canadian Economy

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The Saretsky Report. December 2022