Monthly Archives: May 2013

Carry trade, commodities and currency wars

Intense global mining investment was a huge boom to commodity based economies and currencies leading up to 2011. But now a glut of world supply and weakening global demand have turned the tables.

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TSX big picture update: flat since 2006

As the now typical late day HFT price ramp kicks in at 3:45 pm, I thought this visual update on the Canadian stock market was illuminating: 7 years of heart-stopping volatility with zero capital gains. Secular bears are quite a … Continue reading

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“No fault” fines make mockery of rule of law

Yesterday, the new chairman of the Securities and Exchange Commission Mary Joe White testified on Capital Hill in defense of “no admission of fault or wrong-doing” settlements for companies and individuals in the financial sector on the grounds of expediency. … Continue reading

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