Phillip Colmar Managing Partner and Global Strategist at MRB Partners on BNN Bloomberg
Phillip warns Canada is a weak link to the global economy because of the out-of-control real estate bubble.
Video & Audio Appearances
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MRB on BNN Bloomberg – October 26, 2023
Phillip Colmar, Managing Partner and Global Strategist at MRB Partners warned that the BoC is not in the Fed’s seat. It’s in a more dangerous situation!
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MRB on BNN Bloomberg – October 31, 2023
Phillip Colmar, Global Strategist at MRB Partners, joined BNN Bloomberg to discuss why he’s not surprised by recent weakness in the Canadian economy and why the Bank of Canada’s tightening campaign is over.
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MRB on Yahoo! Finance – November 3, 2023
A moderation in inflation and employment conditions provides a period of Goldilocks, but the higher for longer interest rate environment will persist.
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MRB on Reuters, Yahoo! Finance And MSN – November 10, 2023
“The economy is not buckling under the current cost of capital, and if it’s not, then what’s the point of pricing in rate cuts…there’s no real case for the Fed to cut here.”
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MRB on CJAD 800 AM – November 13, 2023
Phillip Colmar, Global Strategist at MRB Partners joins Elias Makos to discuss the real estate bubble and the painful mortgage resets that millions of Canadians are now facing.
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MRB on Bloomberg Radio – November 13, 2023
Phillip Colmar, Managing Partner and Global Strategist at MRB Partners, joins hosts Paul Sweeney and Matt Miller.
Articles
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MRB in Reuters – September 15, 2023
A resilient U.S. economy is the broader trend despite the rise in interest rates, said Phillip Colmar, global macro strategist at MRB Partners in New York.
“We think the underlying trend of U.S. inflation is with a 3% handle, not 2%, and without a recession you have no chance to get to 2%. The market is still coming to grips with that idea.” “If we don’t get interest rates high enough to cause a recession or to sustainably dampen growth, you don’t need rate cuts. So that pushes up yields”.
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MRB in The Globe and Mail (Op-ed) – September 13, 2023
Phillip Colmar is managing partner and global strategist at MRB Partners.
Canada is facing a massive housing bubble after more than two decades of cheap money and lax lending standards. And with a widespread affordability crisis, the country is now atan escalating risk of a housing bust. Many Canadians maintain hope for a soft landing, but higher mortgage rates and softening employment conditions are a lethal combination.