The Canadian housing market – in charts
The Canadian housing market is very expensive. Median house price to median household income is higher in Vancouver than it is in Sydney, London, and...
Category : Editor’s Picks
Trade Data show China’s Credit Bubble is Bursting, Investors Pull Cash out of China – Global Depression Ahead?
China’s debt-driven economy and monumentally wasteful building boom which has created entire cities with no inhabitants looks set to unwind as figures show that Chinese...
Unexpected Collapse in Chinese Trade; Expect More Currency Manipulation Claims; Impact on US GDP
Chinese economic indicators in January and February are typically viewed with caution given the distortions caused by the shifting week-long Lunar New Year holiday, and...
Head-Banging Revisited; Obama’s ‘Have-It-All’ Budget; Mish Proposal
President Barack Obama released a $4 trillion budget Monday designed to convince Americans that they can have it all: more tax breaks for the middle...
Trade Deficit increases in December to $46.6 Billion
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was...
Where would an aggregate nominal labor comp target fail?
In the US, labor compensation is about 52% of nominal gross domestic income (or NGDP.) Another 26% is capital income, 15% is depreciation and 7%...
Black Market in Ukrainian Currency Masks True Extent of Decline; Banks Impose 30% Foreign Exchange Fee; Freely Floating Hryvnia Announced
The Ukrainian central bank publishes the official exchange rate daily. At the time of this posting, the "official" exchange rate is 16.24 Hryvnias to one...
Euro Catching a Bid
The euro is finding a toe hole on speculation that the new Greece government may soften its stance and work with international creditors. Greece is...
Demographics and GDP: 2% is the new 4%
The fourth quarter report means that growth for all of 2014 clocked in at 2.4%, which is the best since 2.5% in 2010. It also...
Freddie Mac: Mortgage Serious Delinquency rate declined in December
Freddie Mac reported that the Single-Family serious delinquency rate declined in December to 1.88%, down from 1.91% in November. Freddie's rate is down from 2.39%...