Latest data from the Atlanta Fed is suggesting we might already be in a recession. Meanwhile, home sales continue to slow in suburban housing markets, and stresses are rising in the corporate bond market with spreads widening to levels last seen in 2018 when the Fed was forced to pivot. Happy Canada Day Loonie Hour Community!

See omnystudio.com/listener for privacy information.

Canada's inflation rate ripped higher once again, hitting 7.7% year-over-year and surpassing market expectations yet the 5 year bond yield fell on the news and has been declining in recent weeks. Have we seen a top in bond yields? Price action across commodities also suggests the inflation story may now be transitioning to an economic slowdown.

See omnystudio.com/listener for privacy information.

The Bank of Canada Threatens To Break The Housing Market

The Federal Reserve raises rates by 75bps the largest rate hike since 1994. The Swiss National Bank also shocked with a 50bps rate hike. Sovereign debt bubbles are now facing immense pressure, particularly in Europe and Japan. The crypto market is imploding and the tech sell-off continues. Canadian Real Estate prices fall for second consecutive month.

See omnystudio.com/listener for privacy information.

More hawkish rhetoric from the Bank of Canada as they prep for another rate hike. Mortgage rates in Canada are now at their hightest levels in 2008 and some banks are pulling the cord. Meanwhile, the Euro Zone preps for to hike rates to zero as inflation surges.

See omnystudio.com/listener for privacy information.

The Bank of Canada raised interest rates another 50bps this week. They remain very hawkish and suggest that interest rates may need to go north of 3% in order to get inflation down. Meanwhile, housing in Canada continues to slow. Financial repression continues in Europe and debt forgiveness in the United States.

See omnystudio.com/listener for privacy information.

The boys predict what the Bank of Canada will do at their meeting next week. Oil prices continue to strain global markets and governments are reacting as expected with helicopter money and taxes on corporate profits.

See omnystudio.com/listener for privacy information.

Inflation in Canada ticket higher once again, running at three decade highs. Food and shelter inflation is also increasing, creating social and political pressures. The Canadian housing market continues to slow.

See omnystudio.com/listener for privacy information.

All hell has broken loose in the crypto market. One of the most popular Crypto projects, Luna, has basically gone to zero. Losses are piling up, but not just in crypto. Year to date, $35 trillion of global market value has been erased. Dollar pegs are under pressure across the world as we get closer to a financial accident. This episode was recorded live in Vancouver!

See omnystudio.com/listener for privacy information.

The Fed raised rates by 50bps and said another 50bps should be on the table for the next couple of meetings. Meanwhile, equity markets continue to sell-off and there are signs that bank lending is tightening in a big way.

Loonie Hour Live Event Tickets:

https://www.eventbrite.com/e/the-loonie-hour-live-in-vancouver-tickets-326025299447

See omnystudio.com/listener for privacy information.

Troubles are brewing in Japan as the Yen continues to depreciate against a surging USD, falling to a 20-year low. Cracks are also starting to surface in China. Keep in mind all of this is happening with the Fed having raised rates a mere 25bps.

Loonie Hour Live Event Tickets:

https://www.eventbrite.com/e/the-loonie-hour-live-in-vancouver-tickets-326025299447

See omnystudio.com/listener for privacy information.