After Wasting $14 billion on Share-Buybacks, GM Prepares for Carmageddon & Shift to EVs, Cuts Employees, Closes 8 Plants by Wolf Richter • Nov 26, 2018 • 192 Comments A big shift, at a cost of $3.8 billion – which it now has to borrow.
Real Canadian Mortgage Growth Points to Early-80s-Style Meltdown by Stephen Punwasi • Nov 12, 2018 • 20 Comments We’re overestimating growth, thinking of it as heading towards low growth. In reality, we’re heading towards negative growth, once adjusted for inflation.
Anatomy of the Housing Downturn in Vancouver, Canada by Wolf Richter • Nov 11, 2018 • 72 Comments It’s not pretty.
Why Is Canadian Crude Selling For Under $25? by Nick Cunningham • Oct 23, 2018 • 31 Comments No recovery for the oil industry in Alberta.
Backlash Against War on Cash Reaches the Bank of Canada by Don Quijones • Oct 20, 2018 • 42 Comments A cashless society could have “adverse collective outcomes.”
These People Are Nuts: Pot Stocks Soar as Pot Prices Plummet by WOLF STREET Reader • Sep 27, 2018 • 47 Comments Beyond prohibition, it’s an ag business with no barriers to entry.
HELOCs in the US & Canada: As “Scarred” Americans Learned Bitter Lesson, Canadians Went Nuts by Wolf Richter • Sep 20, 2018 • 107 Comments Home-equity-loan balances in Canada per capita are now 3.3 times what they were in the US during HELOC peak before it all collapsed.
Toxic Mix in Canada: Spiking Inflation, Variable-Rate Mortgages, and a Housing Bubble by Wolf Richter • Aug 18, 2018 • 52 Comments What will the Bank of Canada do?
Just in Time: Use of Home as ATM Surges in Canada by Daniel Wong • Aug 17, 2018 • 52 Comments Cash extraction at the peak of a long housing bubble, via multiple mortgages on the same property: Does that ring a bell?
Housing Bubbles Are Dangerous, That’s Why Canada is Finally Trying to Tamp Down on Them. And the US? by Wolf Richter • Aug 4, 2018 • 30 Comments The underlying dynamics are similar, but the approach is different.
