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Daily Archives: October 14, 2014
Venture exchange signalling next global recession?
The resource-based Canadian Venture Index is today down another 2%. Around 807, the index has taken out its previous 2013 low with no support now left between present levels and the 639 and 678 recession lows reached in 2001 and … Continue reading
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Correcting from the consumer credit/commodities bubble
Today the Canadian dollar continues to tumble, now down 16% from its QE-driven rebound peak in July 2011. At the same time, the Canadian stock market has officially delivered its first 10% ‘correction’ in 3 years. Foreigners who flooded into … Continue reading
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Canadian housing: desperately seeking ‘greater fools’
My family have started playing a car game as we drive around. When we drive past new property listings we each take a price guess while one of the passengers looks up the listing to name the winner. Even with … Continue reading
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