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Daily Archives: February 19, 2013
Financials masking weak internals of the Canadian economy
Top line gains for the broad Canadian stock market over the past year have been driven by the financial sector as low rates have continued to drive yield-desperate capital into over-valued bank shares. Unfortunately as reflected in the chart update … Continue reading
Low volume churning and HFT desperately trying to attract fresh victims at cycle highs
Art Cashin, of UBS, discusses the “positive feedback loop,” where stocks go up for no apparent reason. Cashin says his frustration is that even though the markets have punched through key levels, people haven’t come in from the sidelines. Here … Continue reading
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Jeremy Grantham on the dynamics of a lower growth world
GMO’s Jeremy Grantham has spent decades thinking about some of the big issues that influence our existence and the global economy. He thinks that the assumptions which have powered the industrial revolution for two centuries are looking pretty threadbare. Grantham … Continue reading
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