Bank of Japan Stops QE, Reserve Bank of Australia Starts Tapering, Bank of Canada & Bank of England Already Tapering, Amid Shock-and-Awe Rate Hikes in Emerging Markets by Wolf Richter • Jul 6, 2021 • 167 Comments The Fed is a laggard, now discussing when and how to taper QE. The ECB is an even bigger laggard, as inflation begins to rage.
The Most Splendid Housing Bubbles in Canada: Even the Bank of Canada Gets Nervous and Tapers by Wolf Richter • May 19, 2021 • 132 Comments House prices in the largest markets have gone nuts amid “extrapolative expectations and speculative behavior,” as the Bank of Canada put it.
Bank of England Now 2nd Central Bank to Taper, After Canada, but Denies Tapering is “Tapering,” also Following Canada by Wolf Richter • May 6, 2021 • 69 Comments The Big Taper starts one central bank at a time. But you gotta keep the markets from swooning with a bit of welcome delusion.
The Taper Next Door: Bank of Canada Cuts Bond Purchases by 25%. Total Assets Drop by 13%. Rate Hikes Moved Forward, Possibly July 2022 by Wolf Richter • Apr 21, 2021 • 89 Comments Housing craziness is front and center.
Bank of Canada Now Owns 40% of Government of Canada Bonds. Fed a Saint in Comparison. Taper on the Table by Wolf Richter • Apr 6, 2021 • 227 Comments “Makes you wonder if there’s a potential mid-QE-life crisis taking shape in Ottawa”: strategists at the National Bank of Canada in a note that would be hilarious if it weren’t so serious.
Bank of Canada Announces Balance Sheet Reduction, Suddenly Worried about “Moral Hazard” by Wolf Richter • Mar 23, 2021 • 90 Comments “Once crisis tools have served their purpose, central banks should scale them back.”
Canada’s Mortgage Lenders Have Set Aside a Record Amount for Bad Loans by Daniel Wong • Jan 14, 2021 • 53 Comments It’s odd to see it occur while almost every market reports record home sales.
Toronto Rental Market Hit by 82% Spike in Apartments for Rent by Stephen Punwasi • Aug 13, 2020 • 53 Comments But a surge in new renters pronto is unlikely.
Huge Debt Payments at Worst Time for Canadian Oil Drillers by Oilprice.com • Jul 7, 2020 • 30 Comments “There’s a lot of extend, amend, and pretend with respect to finance documentation. But at some point the music will stop.”
Head of Canada’s Mortgage & Housing Agency Warns Home Buyers to Question Motives of Those Saying Prices Will Rise by Stephen Punwasi • Jun 1, 2020 • 75 Comments “They’re whistling past the graveyard and offering no analysis.”