Three of Canada's largest banks are seeing ~20% of their outstanding mortgages in negative amortization.
— The Kobeissi Letter (@KobeissiLetter) September 18, 2023
What does this mean?
Monthly payments on ~20% of mortgages at BMO, TD, and CIBC are no longer enough to cover interest expense.
This means you end up owing more than your… pic.twitter.com/pGHhOQ7G2D
Carrier “chess”
https://apnews.com/article/aircraft-carriers-trump-china-pacific-iran-war-87cfb838de8c13464fa3cab1840ad87d