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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The long, slow, slog to rein in the banksters

JP Morgan missed its lowered guidance this morning and set aside another billion for upcoming legal costs. More like “illegal costs” because it’s their illegal conduct that has caused these expenses. It has slowly been getting harder for the big … Continue reading

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When suicidal valuations meet reality

Reality dawning for blind believers: central banks cannot drive the world economy. Forecasters in the public and private sector have been ridiculously optimistic and financial markets have been rising on reckless leverage and wishful thinking… Mohamed El-Erian, a Bloomberg View … Continue reading

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