44 episodes

The Loonie Hour is a Canadian based macro economic podcast covering newsworthy events across the globe and how they will impact Canadians.

The Loonie Hour Steve Saretsky

    • Business
    • 4.8 • 133 Ratings

The Loonie Hour is a Canadian based macro economic podcast covering newsworthy events across the globe and how they will impact Canadians.

    Bear Market Rally On Softer Inflation Data

    Bear Market Rally On Softer Inflation Data

    US inflation has made the turn and is now trending lower, but will it fall enough to allow central banks to pivot? Markets are ripping on potentially false hopes. Commodities continue to look favourable over the medium term, and more bearish predictions for the Canadian housing market.

    • 55 min
    Bubbles Are Bursting in Two of the Largest Housing Markets

    Bubbles Are Bursting in Two of the Largest Housing Markets

    Will the Central banks cave on their inflation mandate in the eyes of weakening economic data? The Bank of England just raised interest rates 50bps and says a recession is all but guaranteed for the fourth quarter and that it will last well into next year. The Canadian housing market continues to roll over, with both Vancouver & Toronto Real Estate markets experiencing multi-decade lows in housing sales. Toronto house prices dropped nearly 4% in the month of July. Financial stresses continue to escalate.

    • 1 hr 2 min
    The Recession is Here, When Will Central Banks Pivot?

    The Recession is Here, When Will Central Banks Pivot?

    The US federal Reserve raised interest rates another 75bps. More interestingly is that Powell will be removing forward guidance, and all future rate hikes are now data dependent. The US then recorded the second consecutive quarter of negative GDP, indicating a technical recession. Bond yields are falling on the news, and the all important Canada 5 year bond yield is now down nearly 100bps since peaking last month, indicating an upcoming decline in fixed rate mortgages.

    • 56 min
    The End of Negative Rates In Europe & Bank Runs in China

    The End of Negative Rates In Europe & Bank Runs in China

    CPI inflation in Canada came in at a 40 year high, but was below market expectations. Has inflation peaked from a rate of change perspective? Meanwhile, in the economic fantasy land that is the European Union, the ECB raised rates by 50bps, brining interest rates to zero. The end of negative rates in Europe is officially here. China bank runs and a property bubble threaten stability across the globe.

    • 1 hr 1 min
    Bank of Canada Shocks Markets With Largest Rate Hike in 24 Years

    Bank of Canada Shocks Markets With Largest Rate Hike in 24 Years

    The Bank of Canada shocked markets with a 100bps rate hike, the largest rate hike since 1998. Variable rate mortgages are going up and we could soon see fixed payment mortgages get triggered with sudden payment increases. Meanwhile, the USD continues to be the global wrecking ball as investors take a risk-off stance.

    • 1 hr 1 min
    Food Inflation Leading To Social Unrest Across The World

    Food Inflation Leading To Social Unrest Across The World

    Fixed Mortgage rates appear to have finally peaked and are now moving lower as markets price in an economic recession. The first major Canadian bank has now unveiled a recession call for 2023, will the other banks follow? Energy prices, rampant food inflation, and government policy are creating social unrest as protests break out across parts of the world.

    • 1 hr

Customer Reviews

4.8 out of 5
133 Ratings

133 Ratings

CR The Second ,

Engaging, informed, down to earth

Really enjoying this podcast. Interesting observations on economy and politics from a non-ideological Canadian perspective with friendly humor and joshing. Like eavesdropping on a smart neighbor's bbq party.

zl2022 ,

499874 more reviews to just be as good as arrivecan

Every Friday night when the family goes to bed I have a bubbly (apple lately) and make some popcorn and put on the YouTube version of this podcast. These guys have beautiful minds and talk economy with a realistic view.

Don’t worry about the negative reviews…… they usually come from the cheap seats.
If you don’t like the podcast you can get a refund were applicable within the time frame stated in the terms and conditions.
Keep up the great work guys!

Tche1986 ,

I look forward to Friday afternoon at work

Loonie hour has quickly become one of my favourite podcasts. I’ve been listening since week 1. Lost of laughs & great insight. When planning future live shows don’t forget about Alberta, would love to attend one!

-Rick from Red Deer

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