Roubini Global Economics - Housing Bubbles Part 1: Where Are Indicators Flashing Red?
"Home prices look extremely elevated in Norway, France, Canada, the UK, Sweden and Australia; in emerging markets (EMs), only Hong Kong stands out, but Turkey’s and China’s markets are ripe for a downturn and Brazil shows cause for concern, for reasons we explain in detail. In developed markets (DMs), debt service at historical lows and rising incomes mean a catalyst for correction will await rate hikes or recession. Unlike 2005-07, “supply myopia” is unlikely right now, although Norway, Canada and Switzerland are still overbuilding."
Even trash collectors benefit from Canada’s junk bond market | Financial Post
"A few years ago, the market for high-yield debt products, someti...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.