Danielle spoke to Phil Mackesy of Talk Digital Network today discussing recent developments in the global economy and world markets. You can listen to the audio clip here.
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Cory’s Chart Corner
Load MoreWow...RBC trying hard to obfuscate an 8x growth in loan losses with candy for the kiddies, buybacks and dividend hike. Morning other Danielle...
h/t @DiMartinoBoothBattening down the hatches with an eight-fold hike in loan loss provisions north of the border:
@RBC provisions for performing loans totaled C$568 million in the second quarter, up from C$68 million in the first three months of the fiscal year.
@business
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“This is the kind of crap we hear from these guys all the time… they all take the leverage, they all take the glory for adding the zeros on the way up, they all get the big bonuses, they’re worshipped in the society for being such brilliant thinkers… and then when the **** hits the fan, they all say ‘oh, I didn’t know, and I can’t tell you, and I’m not to blame’ …never to blame for the consequences, always there to take credit for anything that looks like it’s going up.”