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Steve Saretsky
@SteveSaretsky
, 3 tweets, 1 min read Read on Twitter
Canada's house price to income ratio has deviated the most of any other country from its long-run average.
Debt service ratios recently hit an all time high, but still lower than debt zombies in Australia & Norway.
Canadians are paying a premium to own. Price to rent ratios are higher than any other country.
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Steve Saretsky
@SteveSaretsky
"The introduction of the stress test was, itself, an
adjustment to B-20 in response to a shift in the environment – a
shift in risks facing the financial sector. "- OSFI Assistant Superintendent Carolyn Rogers
“Should that margin of safety
be monitored, and should changes be considered if conditions in
the environment change? Of course they should”
“The escalating cost of home ownership in Canada, and its
knock-on effects to the economy and to society, is a problem.
And it’s a problem that is proving very challenging to address.
But the answer to this important problem, cannot be more debt."
Read 3 tweets

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Beth Stratford
@beth_stratford
Getting lots of Qs about this graph! If housing shortage is not cause of house price inflation then what is? *Mainly* increased demand from landlords/speculators/elites & increased purchasing power from deregulated mortgage markets. For evidence/detail see landforthemany.uk/3-for-the-many…
NB. population is not good proxy for housing need, which is why I've also made graphs looking at ratio of housing stock to households.
Definitely not saying that we don't need to build houses (we do - particularly social housing) but let's dispel the myth that we can build our way out of the housing crisis. We can't. We have to get debt-fuelled and speculative demand under control too.
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Jennifer 麻衣子 Bradshaw
@amoralorealis
So, we're all going to start talking about the big money laundering problem with the US and Europe, right? And not a certain Asian country? Cause I'm sure you're not a racist.
Like, I’d love to talk about this, it’s a fascinating topic. I really don’t know if I can trust many people to not be racist while doing so, though. And apparently no one is actually going to even skim the report.
The report: www2.gov.bc.ca/assets/gov/hou…
Its executive summary: BC cannot combat money laundering effectively on its own; it needs Canada's help, as coordination and cooperation are key. Anti-money laundering (AML) best practices are considered and gaps and opportunities identified.
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James Kanagasooriam
@JamesKanag
Dire Tory performance with young voters is I think driven by 8 factors. 1) % of electorate which is BME 2) Expansion of Higher Education 3) Changing av age of areas 4) ⬆️House price/income ratios 5) Tuition Fees 6) Financial Crash 7) Brexit 8) Rise of Social Liberalism (1/10)
#1 Any one of these factors would be a problem. Their combination is creating a conveyor belt towards oblivion for the party. Younger people are disproportionately BAME, and older voters white – part of the reason the age curve is dramatic is a direct ethnicity effect (2/10)
#2 The expansion of higher education is dramatically shifted the life outcomes, values, debt levels and worldviews of different generations. Almost the entire difference in propensity to vote by age in The EU Referendum is explained by education levels and qualification (3/10)
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Chowkidar Lilly लिल्ली ಲಿಲ್ಲಿ 🇮🇳
@LillyMaryPinto
#BJPWinning
Modi has overseen a corruption scandal-free Govt & has ushered in many reforms,
Modi is unstoppable & he would romp again in the 2019 elections.
#BJPWinning
1. GST: One nation one tax rate

The launch of a new nationwide Goods and Services Tax (GST) in July transformed India’s 29 states into one market with one tax rate.

This happens to be the best policy of Modi Government.
#BJPWinning
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Christophe Barraud🛢
@C_Barraud
🇨🇳 #CHINA Q3 GDP Y/Y: 6.5% V 6.6%E (slowest growth since Q1 2009)
*NBS spokesman Mao Shengyong said that the international situation was bringing “downward pressure” on China.
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🇫🇷 🇪🇺 🇨🇳 French tire maker Michelin warned of declining sales in Europe and #China in the second half of the year, dragging down shares of its competitors in the U.S. and Europe - Bloomberg
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bloomberg.com/news/articles/…
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Jeffrey Peterson🇺🇸
@realJeffreyP
Does AUSA Moira Kim Penza, prosecutor in the fed. #NXIVM #RICO criminal racketeering case, realize that her indictments of #NXIVM leader, Keith Raniere aka "Vanguard," last March, may have affected the outcome of the 2018 Mexican Presidential Election? #ArizonaMafia #Democrats
Moira Kim Penza is 1 of the main prosecutors in the federal #NXIVM #RICO criminal case. A #RICO case is very serious; it is 1 of the most complex types of prosecutions the U.S. Government can initiate. Moira's boss is Richard P. Donoghue, U.S. Atty for the Eastern District of NY.
Penza is a smart lawyer. According to publicly available information, she studied at Cornell Law School, a private Ivy League University located in Ithaca, New York. Cornell was ranked the #13 law school in America, out of 203 law schools, by U.S. News & World Report, in 2018.
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