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Cory’s Chart Corner
Load MoreWow...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 @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.
@business
Monthly Archives: July 2014
Earn the downhill
Waiting for the inevitable mean reversion of this epic Fed-led speculative episode can feel tedious (if we let it). Seeing familiar false prophets (who have already been revealed as unworthy leaders several times over the past 15 years), paraded like … Continue reading
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Bad bank culture has not changed to date
Alex Brummer, author of “Bad Banks: Greed, Incompetence and the Next Global Crisis”, says the much-needed change of culture in the banking sector hasn’t happened. Here is a direct video link.
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Some arithmetic on today’s “highly advanced equity bubble”
Yes Virginia, don’t let the salesmen assure you otherwise, we have a massive equity bubble on our hands today. Govern your savings accordingly. See John Hussman’s excellent weekly: Yes, this is an equity bubble, for some simple facts on today’s … Continue reading
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