10 years post the Great Recession, Equifax suggests communication providers review alternative data for emerging qualified customers

A recent study conducted by Equifax reveals that 42 million U.S. consumers in 2018 had damaged credit scores (i.e near-prime or sub-prime) and also had a “best” financial capacity profile (i.e. less than 30% DTI ratio). That could mean they have the disposable income available to afford a smart phone upgrade or wireless plan which represents 13.6 million more new consumers (than in 2008) that carriers may need to reconsider as qualified prospects.

Prior to the Great Recession, communications service providers (CSPs) relied solely on credit scores to make application decisions. Ten years later, this model has not changed. However, […] Read more

Regina’s residential construction industry in ‘deep recession’

Residential construction underway on Wild Rose Drive.

BRANDON HARDER / Regina Leader-Post

Regina’s residential construction industry is experiencing a heavy downturn, with this year’s housing starts on track to be the lowest in 11 years.

A new report from the Regina and Region Home Builders’ Association has put most of the blame on mortgage stress testing rules, which it said is raising the barrier to home ownership. The association estimates home ownership in the city has now sunk to 66 per cent, the lowest since 1996.

There were 111 residential building permits issued in the Regina region in the first quarter of 2019, […] Read more

LVO talks per capita recession on Radio 2GB

Earlier this morning I was interviewed by Radio 2GB’s Michael McLaren on Australia’s per capita recession.




Always good to see the MB love being spread across this wide brown land. 🙂

Log in to Reply

Don’t worry, the politicians will all give themselves about 6 x CPI wage increases.

Log in to Reply

Now we just need to ensure the everyday Australian knows what ‘per capita’ means, and we’ll have every Bob and Shirley quoting ‘GDP per capita”.

Log in to Reply

– And how much bribes will the “Early Budget” contain ? And for whom ?

Log in to Reply

– Immigration […] Read more

Credit Scores Hit Record High as Recession Wounds Heal

Credit scores for U.S. consumers reached a record high this spring while the share of Americans deemed to be some of the riskiest borrowers hit a record low — a potential boon for lending and economic activity.

Consumers’ improving fortunes reflect falling unemployment and continued, if lackluster, economic growth. An added benefit: The passage of time since the recession and housing meltdown are helping household balance sheets.

In ever-growing numbers, the worst personal financial setbacks, namely foreclosures and bankruptcies, are falling off Americans’ credit reports. More than six million U.S. adults will have personal bankruptcies disappear over the next five […] Read more