Aug 18, 2017 | US Economy
Earlier this year we wrote a Thematic piece on autos arguing that we would see auto companies cut prices to move inventory, idle plants and produce fewer cars. We have already seen a slowdown in car sales, and some manufacturers have guided to lower production this...
May 20, 2016 | European Economy, Monetary Policy
An ongoing theme we kept coming back to throughout 2015 in the eurozone is that monetary policy tends to either too hot or too cold for the core or periphery. The ECB’s attempts to fight deflation and reflate the periphery have fuelled increases in German mortgages...
Jun 24, 2015 | Featured, Fiscal Policy, UK
The UK’s economy is increasingly beginning to resemble how it looked prior to the financial crisis – this is not healthy and leaves the UK vulnerable to a repeat of the last crisis. In this presentation, we discuss that UK growth did eventually return...
Apr 28, 2015 | US Economy
(from our Leading Indicator Watch from March 5th, 2015) Our leading indicator for US house prices is supportive of an improvement in price growth. One of the inputs that drives our leading index is the number of months’ supply of new homes. The continued fall in...
Mar 14, 2013 | Global Economy
We have pointed to the Canadian housing market boom and likely bust on several occasions in our reports to clients. Canadian households are overlevered and the housing market has risen to new highs. However, we are now starting to see decisive signs of weakness and...
