Brian shared his opinions on the panel that looks into the definition and causes of inflation on a multi-decade, longitudinal timeframe and delves into the current inflation regime and how, as many are, official indicators might be divorced from that experienced by consumers and investors in various markets. It will also pose potential portfolio solutions […]
Yesterday’s meeting and announcement was far more interesting than excepted. There were very subtle hints that the Fed is changing its view on the timing of hikes. First the obvious: View has shifted to two hikes in 2023 from no hikes at the previous meeting Nearly a doubling of members expecting a hike in 2022 […]
“The only function of economic forecasting is to make astrology look respectable.” John Kenneth Galbraith Who would have thought the market spotlight could shift from Gamestop’s Reddit Army to the mundane world of fixed-income? But with material losses in long-duration bonds and warnings of rising yields, interest rates find themselves at the center of attention […]
Executive Summary of Today’s FOMC Announcement The Announcement As expected, no change to the overnight rate or Quantitative Easing Programs The Fed continues to project their next rate hike for 2023 The central bankers specifically remind the market that they will be content to let inflation run above 2% for sometime in order to allow […]
The Best Time To Buy A Home | May 2021
“The best time to buy a home is always five years ago.” Ray Brown This time last year, the Canadian Mortgage and Housing Corporation predicted that house prices would fall 9 – 18%. They got the magnitude about right, just the direction wrong. Over the past year, strong demand for detached homes and ultra-low mortgage […]