Licking Yesterday’s Wounds Today
06/12/2020 7:06 AMThe nearly three-month rally in risk assets ended with high drama with a stomach-churning almost 6% slide in the S&P 500 yesterday. Follow-through selling was seen in the Asia-Pacific region, but most markets recovered from their lows, and although losses were still...
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So Silly It Hertz
06/12/2020 6:44 AM"Perhaps both will want to snap up the USD1bn in a new bankrupt stock offering from a US car rental company whose name tells you everything about how silly this market is: so silly it hertz." "I have to say that I have never seen a Debtor petition the court for...
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Worst Day until the next one….
06/12/2020 6:31 AM“When Black Friday comes, I’ll stand by the door, and catch the grey men when they dive from the fourteenth floor.” “The worst day since March!” The commentariat is full of stuff like “markets got creamed”, a “new sell off to new lows is coming”, and “market froth...
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Get Ready for the Ideological Whipping Boy
06/12/2020 6:26 AMWhile we're at it - let's blame everything on capitalism. The trouble is it's not only wrong, it's a dangerous misdiagnosis of the trouble and the...
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Record Borrowing – No Scrutiny – No Problem
06/11/2020 6:24 AM70% of Canadians have no problem with record borrowing with virtually no Parliamentary scrutiny. Former Auditor Generals like Dennis Desautel and Sheila Fraser must be...
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The Most Dramatic Year In The History Of Oil
06/11/2020 6:21 AMThere are very few industries in the world that have been hit as hard or are set to face as many consequences as the oil and gas industry in 2020. In a recent report, Fitch Ratings forecast that oil and gas exploration and production companies would lose $1.8 trillion...
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Schachter’s Eye on Energy – June 10th
06/10/2020 10:25 AMThis week Josef explores why crude oil inventories grew last week and why prices are now retreating. Also he discusses how the OPEC deal on the weekend is a non deal due to compliance issues. Each week Josef Schachter will give you his insights into global events,...
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It’s All About Grade
06/10/2020 9:32 AMThe steady increase in the price of gold since mid-2018 has been a boon to many precious metals investors; those who own physical gold, gold ETFs and senior gold producers being the most obvious. But the implications for the precious metals industry as a whole are...
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The Fed’s Monetary “Animal House”
06/10/2020 9:18 AM“…seven years of college down the drain.” – John “Bluto” Blutarsky, Animal House The inspiration and credit for this article belongs to Emil Kalinowski and his recent publication The Silent Depression: Trundling Is the New Booming. Most profound about Kalinowski’s...
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Prices are Down – Sales are Way Down
06/10/2020 9:03 AMand the Horizon Looks Ominous. Money Save is Money Earned. May 2020 will be remembered as the month CMHC finally turned negative. They stated the two major markets in Canadian Real Estate will be going lower for the remaining portion of 2020 and into 2021. Something...
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