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Cory’s Chart Corner
Humans just repeat the same old themes decade after decade. Today there is far more debt to service, thus greater financial impact on spending. Ask Walmart's CEO if he's noticed any change in consumer behavior while the U.S 10 years hits 5%.
Don’t forget in April of 2007 10 year hit 5.3% and by October of 2008 they were 2%.
Monthly Archives: June 2012
Public sector sick days reflect lack of personal accountability
A confidential government report obtained by CBC News reveals federal workers have been booking off sick in record numbers, costing Canadian taxpayers more than $1 billion a year in lost wages alone. The internal Treasury Board report indicates federal public … Continue reading
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Canadian government slams door on empty barn after it chased the horses out
In typical after-the fact-fashion the Canadian government today announced necessary but way late changes to the terms available on mortgages backstopped by Canadian tax payers via the Canada Mortgage and Housing Corp (CMHC). Buyers with less than 20% as a … Continue reading
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Whitney on why banks must reinvent themselves
Meredith Whitney, founder and chief executive officer of Meredith Whitney Advisory Group, talks about the outlook for financials, the U.S. economy and JPMorgan Chase & Co.’s trading loss. She also explains why post-credit bust, the add-leverage-and-stir-to-look-genius model is no more … Continue reading
