With credit growth below 2 % and with
further asset price inflation unlikely, the risk of a recession in 2016 is high.
Not exact matches
In short, the FCC, like the CMHC and its U.S. counterparts Freddie Mac and Fannie Mae, has facilitated borrowing against an appreciating
asset and contributed to
further price inflation.
If it focuses on maintaining the growth necessary to meet its
inflation target, there is the risk of
further increases in leverage and
asset prices setting the stage for trouble down the road.
Or, does the Fed's easy - money policy deregulation of oversight open the way for
asset -
price inflation that puts home ownership even
further out of reach — except at the
price of running up a lifetime of debt to the banks that write the loans on their keyboard at steep markups over their cost of funding from the compliant Fed?