Showing posts from January, 2018

US Chapter 11 filings in Dec 2017 Largest Jump Since Financial Crisis

Image believes that businesses are rushing to file chapter 11 before the end of the year and before the new tax cut.  The objective is to to take advantage of maximum write off of tax as expenses. Source:

US Treasury 10-Year Yield Multi-Decade breakout.

US Treasury 10-Year Yield has shoot up significantly. This chart from 13D Global Strategy & Research's tweet show a multi-decade downward trend on US Treasury 10-year yield. Equities market had gone through major correction every time the yield touched the top resistance of the down trend. And the 10-Year yield is touching the line now. Will 2018 be the year of overdue correction?

Toronto's Housing Recovery May Trail Vancouver's

Toronto’s housing market drop is echoing Vancouver’s earlier plunge but Canada’s most populous city may not bounce back so quickly as new rules continue to tighten access to home loans. However, prices for apartments in the coastal city were up 26 percent year-over-year in December compared with 14 percent for Toronto. Bloomberg has a very informative interactive chart of property price annual increase rate. The picture above was a screen capture from Bloomberg. Read Original Article on Bloomberg.