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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
Daily Archives: August 23, 2012
Globally co-ordinated slowdown now playing
On-going problems in the Eurozone are an old story, but since most pundits have banked on “decoupling” and limited contagion to other major economies like China, Germany and the US, it is likely that the contracting data there will continue … Continue reading
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Canadian credit addiction at all time high
Despite repeated warnings about consumer debt levels, the Globe’s Roma Luciw explains how we’ve now seen two straight quarters where non-mortgage debt levels have risen. Here is a direct link.
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More QE is now lose-lose
Much was made of the July 31 FOMC meeting minutes yesterday noting that “many” of the members think more QE may be necessary if economic conditions do not improve. In fact however this wording is not a surprise in the … Continue reading
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