Norman Mogil | TalkMarkets | Page 22
Consulting Economist
I received undergraduate and graduate degrees in economics and finance from the University of California, Los Angeles, 1968. My professional expertise is in macro-economics; currency and trade strategies; interest rates and yield curve analysis and fixed income strategies. For the past two decades ...more

All Contributions

Latest Posts
337 to 352 of 435 Posts
<<< 1 ... 20 21 22 23 24 ... 28 >>>
Canada’s Housing Market Hits The International Spotlight
When Warren Buffett stepped in with a rescue plan for Home Capital Group (HCG), Canada’s beleaguered non-bank mortgage lender, Canada’s hot housing market drew the attention of the international financial press.
The Bond Market Does Not Believe Central Bankers Anymore
Central banks no longer command the attention of investor sovereign bond markets.
The Fed Is Behind A Different Curve
After nearly a decade of historically low-interest rates and three quantitative easing programs, inflation remains well – below the Fed’s 2% target. So far, the Fed is far from being behind the curve as specified by the inflation vigilantes.
Do Not Read Too Much In The Likelihood Of A Rate Hike In Canada
When Carolyn Wilkins, Senior Deputy Governor of the Bank of Canada, gave an upbeat review[1] of the economy earlier this week, currency and bond markets started to factor in a rate hike.
Why The Urgency To Raise Rates?
On June 13th and 14th the Federal Reserve will meet and by all accounts will raise the Fed funds rate by another 25bps as part of its strategy to “normalize” rates.
Earnings And Profitability Are Not The Same
As regular as clockwork, equity analysts await “earnings season” in which publicly-traded corporation report on profits in the preceding quarter, and from there analysts make predictions on share prices going forward.
Everyone Anticipates "Normalization" Of Interest Rates, Except The Bond Market
Starting in 2012 the FMOC referenced the need for normalizing interest rates, by setting out its expectations for the Fed funds rate in the “longer run”. It didn't specify how long, but it was very clear that it expected a return to “normalcy”.
The Bank Of Canada Should Resist Rate Increases
House prices have more than doubled since 2009 in the two biggest markets, Toronto and Vancouver. In response to the rapid rise in the cost of home ownership, the household debt-to-income ratio has risen to a record high 167 per cent.
How A Regulator Can Ruin A Solid Mortgage Lender: The Case Of Home Capital Group
Unlike many U.S. mortgage lenders, Canadian mortgage lenders have recourse personally to the borrower. Consequently, Canadians have a strong record of paying down mortgages.
Why The Bank Of Canada Cannot Raise Rates
Canada’s unemployment rate fell to 6.5 %, the lowest rate since October 2008, just prior to the financial crisis and the onset of the Great Recession.
Long-Term Interest Rates March To Their Own Drummer
As the Federal Reserve paves the way for future rate hikes, investors in long-dated bonds are moving entirely in the opposite direction.
Trump Plays The Blame Game On U.S. Trade Deficits
Foreign import barriers and exports subsidies are not the reason for the US trade deficit. Going on a hunt for violators of trade agreements does nothing to address the real reason.
Trump’s Trade War Takes Dead Aim At Canada
President Trump has started his trade war by slapping maximum of 24% countervailing duty on Canadian softwood lumber entering the United States.
Canadian Banks Widen The Mortgage Market
Commercial banks in Canada have long dominated the mortgage market and they now are making their mortgages available directly to investors.
Does The Fed Have To Shrink Its Balance Sheet?
A large balance sheet gives the Fed lots of leeway in setting short-term interest rates; the rate paid on bank reserves deposited with the Fed creates a rate ceiling and the rate charged on reverse repos maintains a floor.
The Canadian Bond Market Gives A Totally Different Reading Of The Economy
Canada has become one of the fastest growing economies in the developed world.
337 to 352 of 435 Posts
<<< 1 ... 20 21 22 23 24 ... 28 >>>