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.See omnystudio.com/listener for privacy information.