«Here's what most big -
bank economists believe but hesitate to say: Canada is on the front edge of a retirement crisis.
Even most
bank economists believe Canadian housing is overpriced somewhere in the range of 10 % to 20 %, perhaps more so for the hottest condo markets.
Not exact matches
Some
economists and market pros have cheered the Fed for hiking rates because they see the economy as strong enough, and
believe it's time the central
bank removes some stimulus.
But most
economists believe such extraordinary intervention was necessary, particularly after the bankruptcy of Lehman Brothers, the nation's fourth largest investment
bank, put the stock market in veritable free fall and took the U.S. economy along with it.
Bad loans as a share of their total portfolio remains low, at less than 2.5 percent, but
economists believe the figure understates the problem because
banks often extend the payment dates for problem debt.
The main challenger to Powell is Stanford University
economist John Taylor, a favorite of conservative Republicans who
believe monetary policy has been too loose under Yellen and want the central
bank to rely more on rules when setting rates.
«We do not
believe that May's jump in housing starts in Canada is the start of a trend,» said Marc Pinsonneault, an
economist at National
Bank of Canada, who noted that most of the increase came from condos in Ontario, with a full three - quarters of it occurring in the Greater Toronto Area.
If that keeps up, it would be good news for those
economists and market watchers who
believe that too many condos are going up in the country's most populous city (in the last year the central
bank has highlighted the potential risks that the rising supply of condos poses to Canada's housing market and broader economy).
I
believe we're pretty close to consensus, looking at growth of just over two per cent — but that's still above what the
Bank of Canada would consider to be potential and what most of us would consider to be potential,» said Douglas Porter, chief
economist at BMO Capital Markets.
More
economists believe the Federal Reserve's policy is on the right track, but they offer differing opinions when it comes to determining the appropriate path for the central
bank, according to a survey released Monday.
«There's not such the dichotomy between the real economy and stock market as we are sometimes led to
believe by the debate in China,» Louis Kuijs, the chief
economist for greater China at Royal
Bank of Scotland, said this week.
Whereas Austrian
economists believe that government interventions cause the periods of economic boom and bust known as business cycles, Keynesian
economists believe that recessions and depressions are unavoidable and that an activist central
bank can mitigate fluctuations in the business cycle.
While I am also very concerned of future inflation and interest hikes that would occur as a result of the free - flowing economic stimulus we're seeing around the world today, I
believe that to bet on FRM is to bet against the collective wisdom of the teams of
economists that work for the
banks that try to predict future interest rates.
was business as usual for the BoC, the federal banker finally threw off its neutral position on the economy — a stance taken when political campaigns are in full swing — to offer Canadians and
economists a glimpse into where the
Bank believes the Canadian economy is heading in the near future.
Nicolai Peitersen, an
economist, who used to work for the Danish central
bank and the investment
bank J.P. Morgan before he founded Actics in 2005,
believes ethics has become a competitive differentiator today:
The chief
economist for Dutch
banking giant ING
believes bitcoin will likely wind up as a niche financial product, according to a new report.
CoinDesk The chief
economist for Dutch
banking giant ING
believes bitcoin will likely wind up as a niche financial product, according to a new -LSB-...]
Lawrence Yun, chief
economist of the National Association of Realtors ®, presented his 2017 housing and economic forecast and was joined onstage by Dennis Lockhart, president and CEO of the Federal Reserve
Bank of Atlanta, who discussed the economic conditions that he
believes support what will be a «net positive» for the housing sector.
Dr. Marci Rossell, whose background includes stints with the Federal Reserve
Bank, Oppenheimer Funds and as chief
economist for CNBC,
believes that real estate is only beginning to feel the effects of globalization.