Showing posts from June, 2017

Fed Raises Rates

Fed expects inflation to move up and stabilize.

I would have dissented. - CH

02:34 PM EDT, 06/14/2017 (MT Newswires) -- The Federal Reserve raised the target range on its benchmark lending rate by 25 basis points as expected on Wednesday, the third increase in the last five meetings, and signalled one more hike for 2017. In an eight-to-one decision the Federal Open Market Committee set the Federal funds target range at 0.75% to 1%, according to a statement. Minneapolis Fed President Neel Kashkari dissented, preferring to keep the rate unchanged. "The labor market has continued to strengthen and that economic activity has been rising moderately so far this year," the FOMC said. "Job gains have moderated but have been solid, on average, since the beginning of the year, and the unemployment rate has declined." The rate was last raised in March, with the FOMC citing solid job gains and a moderate pace of economic expansion. The committee opted to maintain the rate in Ma…

Oil Prices and OPEC

Are you curious about OPEC? See below- Chaganomics

Great slide for the summer from John Kemp at Reuters. 

Canada's Housing Situation

While some say Canada is experiencing a bubble (Vancouver/ Toronto) others are stating that Canada is now finding her footing. Asian money is flowing in clearly to BC and global money - from Iran to Russia - is said to be flooding Toronto. The house take is: this has been happening for a while for many reasons. One is that Canada is a safe haven. Two is that Canada is a liberal trade focused, commodity country. The latter generally follows free flowing money and commerce, but not always liberal freedom. Canada is unique for that and a great place to be in North America - one which provides a safe real estate asset. It serves as a second America for citzens who need access to a stable market coming from China, Iran, Russia and other countries. In reality Canada has been heating up in multiple markets and urban areas for a while (years and years) and there is a chance the market can become mature and level out. - Chaganomics

The Teranet-National Bank Composite House Price Index - which …