Monthly Archives: September 2008

The credit markets of the world are signalling severe distress. The overnight LIBOR rate (off which all credit instruments are relatively priced) yesterday shot to an incredible 6.5%: Today the yield on US T-bills plunged to the lowest levels since … Continue reading →

Ms. Park will be doing a second interview with Ron Charles for CBC tonight airing at 9pm on Newsworld and 10pm on CBC Television.

For the past several years, I have been writing about the likelihood that world stock markets entered a long secular bear cycle in 2000. In history these secular bear cycles have always followed long secular bull cycles and have averaged … Continue reading →