Tuesday, 22 August 2017

UK subprime - another US/ UK/ Canadian sectors is crashing

The crashes are now happening in multiple US/ UK/ Canadian sectors and are getting ever closer to the core of the post-08 monetary/ fiscal stimulus; namely US and Chinese FIRE economy assets.


Counting the dead canary's: 
  • US/ UK autos
  • Bricks and mortar retail
  • Global super prime residential
  • US CRE (is now falling)
  • Canadian mortgage lending
  • UK sub-prime lending. 
What's next, companies reliant on low wages and an import supply chain?

https://www.bloomberg.com/news/articles/2017-08-22/provident-financial-ceo-steps-down-on-loss-dividend-scrapped

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