1. US gov’t interest expense rapidly rising, but remains below 1990s peak as a proportion of GDP
2. Fed policy rate increase fastest since 1983 (lhs), however the absolute level of REAL interest rates remain relatively accommodative (rhs)
3. Goldman Sachs forecasting core CPI to decline to 3% by end of 2024
4. Current yield curve inversion second-longest lasting since ‘79
5. CMHC forecasts 3.45 million housing unit supply shortage in Canada by 2030
