Thursday, September 29, 2016

"Hot Housing Market" Catching Up To Australia, New Zealand And Canada Eight Years Later

Canadians, Aussies and Kiwis trapped in 'commodity bust, housing boom' cycle and the unwinding is going to be painful

Canada is not alone in having its central bank backed into a corner, forced to warn about the dangers of high debt and hot housing markets, while powerless to change interest rates as a commodity bust weighs on the economy. Economists at Bank of America Merrill Lynch have now grouped together Canada, Australia and New Zealand…