Bank of Canada's Warning: Debt Crisis & Banking Disaster Ahead! A Banking crisis could be imminent. Tiff Macklem is worried about the borrowers' ability to pay back their debt has the Bank of Canada worried. Yet they are not doing anything about it. Neither are regulators. The housing market risk is sky-high and so is inflation. The average consumer is being destroyed through inflation. Bank of Canada's Warning: Household Debt Crisis Looms! Are We on the Brink of a Banking Disaster?"
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You won't hear this on mainstream news outlets like City News, CTV News, CBC News, and Global News. You won't hear real estate agents or mortgage brokers making these comparisons either.
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Sources
https://www.reuters.com/world/americas/bank-canadas-macklem-says-inflation-coming-down-despite-april-gain-2023-05-18/
https://tradingeconomics.com/canada/inflation-cpi
http://www.shadowstats.com/alternate_data/inflation-charts
https://tradingeconomics.com/canada/interest-rate
https://tradingeconomics.com/canada/households-debt-to-income
#BankofCanada #Pensions #BankingCrisis
0:00 - Inflation
0:50 - I don't think they will hike rates again
1:30 - Debt-to-income ratios
2:00 - Retail sales
2:30 - We are in a recession right now
3:00 - Why has it come down?
3:50 - ShadowStats
4:30 - CPI is a LIE!
4:48 - Real wages
5:20 - Lag effect
6:00 - Interest rates
6:30 - Credit market debt to income
7:10 - FX markets are changing
8:05 - 60% chance of another hike
8:28 - Homebuyer distress
8:55 - Negative amortization
9:20 - Major distress