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Daily Archives: May 30, 2008
Today's credit crisis: bigger in scope and impact than the 80's S&L mess
Excellent article today from Mike Shedlock on S&L Crisis vs. Current Crisis. While we will not know the final damage and economic cost of the 2000's credit crisis until a few years hence, it is helpful to be mindful of … Continue reading
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When the US catches a cold, Canada catches a ….
This morning we learned that Canadian GDP contracted by 0.3% in the first quarter of 2008. This came as a substantial downward surprise to many analysts and the Bank of Canada itself who had forecast 1.0% growth during the quarter. … Continue reading
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