The Sovereign Debt Crisis Accelerates

The U.S. Treasury is taking steps that could help suppress long-term interest rates as exploding government debt and interest costs put increasing pressure on the financial system. We break down what this shift means for bonds, the U.S. dollar, commodities, Canadian housing and global markets. We also touch on Canada-U.S. trade, the Churchill Falls energy deal, rising diesel prices, Argentina, various speculative assets like crypto and Bitcoin skyrocketing, and the worsening economic slowdown in China.

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Timestamps:

00:00 Introduction

08:21 Canadian Housing Update

13:22 Mortgage Rates and Housing Risk

16:04 Canada-U.S. Trade Deal

17:48 Churchill Falls Energy Megadeal

26:53 The U.S. Bond Market Intervention

30:58 How the Treasury Is Suppressing Long Rates

35:53 America’s Exploding Interest Costs

40:36 Canada’s Debt Problem

46:37 What Higher Rates Would Do to Housing

50:48 Commodities vs Financial Repression

54:17 The Commodity Supercycle

56:50 Diesel Prices Are Surging

57:57 Argentina and the Currency Crisis

01:02:52 China’s Economy Is Getting Worse

01:07:25 Global Macro Trends Are Strengthening

01:08:03 Canada Inflation Update

01:08:45 Closing Thoughts

Disclaimer:

The information within our content is not intended to be or construed as investment advice. Please consult a professional advisor before putting a "loonie" into any of these financial markets.

#LoonieHour #macroeconomics #globaldebt