Loading ...Household debt as share of GDP
Returd thinks being #1 on the list is a good thing.
Canada: 103%
UK: 80%
US: 73%
France: 63%
China: 62%
Germany: 52%
Spain: 48%
Italy: 39%
India: 37%
South Africa: 34%
Brazil: 34%
Saudi: 32%
Russia: 22%
Indonesia: 16%
Mexico: 16%
Turkey: 11%
Indirectly, a measure of mortgage balances, keyed to housing prices, in turn keyed to government sponsored housing finance incentives. At least in the States. Freddie and Fannie, and FHA, and others.
Making housing finance cheaper has made housing more expensive. Sellers reap the profits.
Lower Loonie pushing the home credit line just to survive. Tariffs going to add bigly to the problem and banker Tiff saying inflation going to rise more and difficult to keep rates low
“Central banks don’t have much leverage during a trade war. And monetary policy can’t respond to both lower growth and higher inflation at the same time. But the Bank of Canada can help the economy adjust to a trade shock.
If tariffs are imposed, demand is expected to fall more quickly than supply. This would hurt economic growth. Lower interest rates could help support demand during this period. But how much support monetary policy can provide is limited by the need to control inflation.
Tariffs will also lead to a one-time increase in consumer prices. If businesses and consumers start to expect higher prices, that one-time increase could spiral into ongoing high inflation. Higher interest rates could help ensure that the increase in inflation remains temporary.”