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Cory’s Chart Corner
Wow...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 @DiMartinoBoothDanielle DiMartino Booth @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.
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Monthly Archives: June 2013
“Ah ha moment” building
The consensus view tends to be thick and slow to acknowledge economic downturn. There is no doubt that the currency of Central Bank experiments over the past 3 years has bought the bulls additional room to run this cycle. But … Continue reading
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Harmful financial habits die hard
“First boom, then bust, then more bad luck. That’s how analyst Meredith Whitney views those states that experienced the meteoric rise, then fall of their housing markets in the last decade, spending the extra tax revenue during the boom times … Continue reading
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Fracking hush money
The energy industry claims there’s no proof fracking hurts the environment, but it turns out they’ve made sure there’s no proof, by paying complainers in exchange for their silence. Here is a direct link.
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