Tag Archive: bubbles

Stewart Hall, HSBC Canada, discusses Bank of Canada announcement

Stewart Hall of HSBC Securities Canada issued his comments on today’s Bank of Canada interest rate announcement.

He concludes from the Bank of Canada announcement that, “A policy change is coming, but it is looking like evolutionary change rather than revolutionary… We continue to forecast a rate hike in September of 2010.”

Given the record levels of Canadian consumer and mortgage debt, as interest rates increase many debtors will find their own “tipping point”, where monthly minimum payments exceed monthly maximum earnings.

“Now” is always a good time to sell over-leveraged assets. Including houses…. Ancient wisdom: Greed blinds.

Stewart Hall on December 2009 Housing Starts

I have posted today’s note from Stewart here.

He writes, “Despite historically low interest rates, consumers are being priced out of the market for

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Stewart Hall’s latest economic note

Stewart Hall, economist for HSBC Securities Canada, provides excellent periodic notes on the Canadian economy. Here is the latest one, for your consideration:

Stewart Hall January 29, 2010 Note

My two cents: “V” is the first half of “W”.