Monthly Archives: August 2010

For the past few years, we have noted that ballooning capital flows into commodities have caused a momentum unto itself frequently at odds with fundamental concepts of end use supply and demand. Hedge funds, commodity-based-exchange traded funds and institutions looking … Continue reading →

This weekend the weather here was my idea of heaven. Canada at its breath-taking-best. In the evening after the sun went down our family celebrated a favourite summer tradition: watching movies on our deck. Under the stars: no bugs, no … Continue reading →

Great piece in the Wall Street Journal today, on China's aging population, a trend exacerbated by the one-child policy. That means there will be a declining number of wage earners to support an increasing number of older people. See: Gray … Continue reading →

All the hype and hope surrounding Bennie and the Fed's comments at Jackson Hole Friday, underline how much mainstream commentators and stock bulls want to paint the Federal Reserve as a super-hero who can magically solve the economy. Far from … Continue reading →

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Chances of double dip now more than 40%: “Growth for the rest of the year will be closer to zero than 1 percent.” Recommend on Facebook Tweet about it Print for later Tell a friend

This film by academy award nominated filmmaker Charles Ferguson, narrated by Matt Damon looks insightful; coming soon to a theatre near you. The fact that so many people now understand what happened and yet many of the players are still … Continue reading →

Ms. Park was a guest this morning at 8:50am est on BNN with Michael Kane, discussing the significance of recent price action in bonds and equities as well as key macro trends and how investors can protect themselves from the … Continue reading →

The risk trade is coming off with a vengeance today. Equities, commodities and the C$ are all selling off on significant volume. As referenced here last week the 10-year Treasury yield that breached 2.60 last week this morning cut through … Continue reading →

Dr. Doom this week updates in a 20 minute audio clip here. Recommend on Facebook Tweet about it Print for later Tell a friend

Economist Gary Shilling has been correctly predicting deflation and a rally in long bonds. In this recent talk with Tech Ticker he updates on what he sees still coming in these trends. He also rightly underlines the ridiculous comments some … Continue reading →

Good discussion here of the arguments for and against letting the bush tax cuts expire in January: The answers to digging out of debt are the same for governments as they are for individuals: cut spending and increase revenue. Dean's … Continue reading →

Trulia Real Estate Search has published their most recent survey of consumer attitudes to home ownership completed in July. More than 90% of those surveyed said that their ideal home size today is less than 3200 square feet and one … Continue reading →

Some good points made re bond markets and the Fed needing to back out of artificial intervention and let the economy right-size itself for the future. Recommend on Facebook Tweet about it Print for later Tell a friend

Here is an epiphany for those still clamoring to stimulate consumer spending: people who are over-extended on credit and under-employed, or unemployed, do not do a lot of shopping. America's job market stats provide the catalyst for a secular shift … Continue reading →