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conversableeconomist.com
| | www.eliza-ng.me
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| | The recent news surrounding Scotiabank is a sign of the economic toll being felt across Canada. Scotiabank is being pulled in two directions - over-exposed to LATAM and under-exposed to attracting deposits compared to loans - causing their interest margins to suffer. On top of this, they have had to book provisions of $638 million, up from $222 million a year ago, due to increased odds of loan defaults in a rising interest rate environment.
| | www.newyorker.com
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| | John Cassidy on the current economic situation in the United States, where output and employment have rebounded from the pandemic, but the Fed needs to heed some warning signs.
| | wordsofwill.com
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| | This is the second installment of the Household Debt and Credit Report review of 2024. This post expands on the previous takeaways to see how they are trending with this month's new dataset release. With that being said, let's jump into things. Previous Takeaways from May 2024 with August 2024 commentary (bold text from...
| | lopespm.com
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