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
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”.
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.