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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: July 18, 2013
New study: Canadians can’t afford the houses they are living in
A new 18 page report on the Canadian credit and housing boom comes to a sober assessment which we have been warning on for some time: “Canada borrowed its way out of the 2009 Recession by stoking our residential housing … Continue reading
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Postcards from the real economy
As the business media is all a flutter about what words big Ben might include in his answers to the Senate today, we have a few more big picture postcards from the real economy to ponder, courtesy of Zerohedge: tech … Continue reading
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Hot summer memories
It is 30 Celsius on the east coast today, 40 with the humidity. The kids are living in tents this week at camp–no doubt spending a lot of time in the lake. This clip made me giggle. Brings back a … Continue reading
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