HISTORY & READINGS at Brian Ripley's Canadian Housing Price Charts & Plunge-O-Meter

Machine Learning

3/20/2019

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"The retail industry will be transformed by technology, just like newspapers were."
@benedictevans March 20, 2019

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Thanks to Benedict Evans for retweeting Andreessen Horowitz's 76 page slide show "Mobile is Eating the World"

The charts to the left from the slideshow are related to autonomous transportation, but the bigger picture of this presentation is about machine learning and the eventual end of your employment if your job is a repetitive task.

"Machine Learning...the idea that systems can learn from data, identify patterns and make decisions with minimal human intervention." sas.com

Yields Dropping

3/13/2019

Marc Goldfried, head of Canoe Financial Fixed Income talks with BNN Bloomberg about dropping yields confirming a weakening economy.

The Bank rate has been 2% for the last five months but the Bank of Canada 2yr and 10yr benchmark bond yields are indeed inverted to the Bank Rate as I have noted on my Yield Curve chart (FEB 2019)

On march 11th 2019, David Larock an independent full-time mortgage broker laid out his "Case for Lower Canadian Mortgage Rates", below edited, but read the whole feature report at MoveSmartly.com

The Bank of Canada acknowledged that our current economic slowdown is now “more pronounced and widespread” than it had previously forecast.

Global economic momentum is slowing.

Our economic slowdown has been sharper than expected.

Housing and consumption have slowed, and business investment and exports haven’t picked up the slack as the BoC had hoped.

Inflation expectations have been lowered.

Uncertainty is increasing.

Our output gap is widening because debt is choking off growth, and that is a powerful, long-term headwind, which will continue to exert itself long after global trade networks have been re-established.

On this last item, my Household Debt chart is in agreement.

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Thanks to Jesse Felder @jessefelder and
Tuomas Malinen @mtmalinen for the charts above.
Today, March 13th 2019, the live
Canadian Productivity Chart exhibits a slowdown.

Toronto's Falling Knife

3/4/2019

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While we wait for FEB 2019 Toronto Housing Data, here is an analysis of Toronto Single Family Detached average house prices from a regular contributor.