The Sovereign Debt Crisis Accelerates
Notes de l’épisode
The U.S. Treasury is taking steps that could help suppress long-term interest rates as exploding government debt and interest costs put increasing pressure on the financial system. We break down what this shift means for bonds, the U.S. dollar, commodities, Canadian housing and global markets. We also touch on Canada-U.S. trade, the Churchill Falls energy deal, rising diesel prices, Argentina, various speculative assets like crypto and Bitcoin skyrocketing, and the worsening economic slowdown in China.
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Timestamps:
00:00 Introduction
08:21 Canadian Housing Update
13:22 Mortgage Rates and Housing Risk
16:04 Canada-U.S. Trade Deal
17:48 Churchill Falls Energy Megadeal
26:53 The U.S. Bond Market Intervention
30:58 How the Treasury Is Suppressing Long Rates
35:53 America’s Exploding Interest Costs
40:36 Canada’s Debt Problem
46:37 What Higher Rates Would Do to Housing
50:48 Commodities vs Financial Repression
54:17 The Commodity Supercycle
56:50 Diesel Prices Are Surging
57:57 Argentina and the Currency Crisis
01:02:52 China’s Economy Is Getting Worse
01:07:25 Global Macro Trends Are Strengthening
01:08:03 Canada Inflation Update
01:08:45 Closing Thoughts
Disclaimer:
The information within our content is not intended to be or construed as investment advice. Please consult a professional advisor before putting a "loonie" into any of these financial markets.
#LoonieHour #macroeconomics #globaldebt