Ryan Sims insights, thoughts, and analysis

Category: Uncategorized

  • Does the math, math?

    At 8:30 EST this morning, the Canadian employment report rolled out. Of course the headline number showed that Canada added 37000 jobs. Cool, right? Well not so fast. Dig a little deeper and the numbers start to look a little less cool. On the net, yes, 37,000 jobs were created, however 49,000 of the jobs were part time, so…

  • Gradually, Then Suddenly.

    Ernest Hemingway had a famous quote: How did you go bankrupt? Two ways: Gradually, then suddenly. If that doesn’t describe real estate right now, then nothing will. Deep down we all knew something was wrong. You could feel it in your bones. You couldn’t exactly place your finger on it, but you just knew something wasn’t right. Of course, there are people…

  • Here a Job, There a Job, Everywhere a Job Job

    The US Employment report came out this morning, and traders are still trying to extinguish the flames from the rocket. While expectations had been somewhat muted, the employment report showed a 353,000 increase in employment – far exceeding expectations. Once we see the breakdowns, revisions, etc. we will have more clarity as to how truly good…

  • Sustainability

    When I was growing up in rural Ontario, I always heard the local farmers talk about sustainability. They were talking about the simple things like treating your farm well, using as little pesticides as possible, and ensuring that the next generation of farmers had great land that they could use to feed an ever growing world…

  • The Teacher Becomes The Student

    Years ago, in the small town where I grew up, whenever someone did something very well for the first time, you might hear someone say ” the student has become the teacher”. Well, today, in Canada, I think that the ( drama ) teacher is about to become the student.  Immigration Minister Marc Miller announced the…

  • Double D’s

    Today I want to look at the double D’s……Data Dependency. Data dependency is something that has become the mantra of central banks, and I think it is important for us to really look at what it means. Now, I am old enough to remember when data was data, and it was released ,and the market traded…

  • Threesome

    There has been much debate over the years about dual income households. Many will say that you should be able to raise a family on 1 income. I won’t weigh in on that topic. But, over all the debate on this topic in the last decade – we have missed out on 1 massive detail: We didn’t have just…

  • Konnichiwa

    On Feb 02 of 1990 The Japanese Nikkei stock market hit an all time high of 35,049. Why would anyone in the mortgage world care?  Japan in the 1980’s was on fire. Stocks were on fire, real estate was on fire, and Japan was taking over the world. A lot of the top 10 businesses in the world…

  • What Keeps Me Up At Night

    There are a lot of things in life to worry about it seems. Keeping in shape, are the kids grades good enough, will WW3 start in Israel, but let’s add something else on. Mortgage Arrears. For the last 18 months or so, I have been downright bearish on the Canadian market. I have not seen a lot to…

  • Here Comes The Repo Man

    I was on a zoom call today with some colleagues, and we were discussing some financial terms, things that are going on in the markets, and the like. One of the questions that came up was the operations at the BOC over the last 10 days and the 5 Billion dollar repo facility activity. We actively discussed…