Daily Archives: January 21, 2015

Another day, another central bank ‘shocks’ currency markets. Today it was the BOC’s turn, as Mr Poloz admitted Canada’s economy is tanking with the price of oil. Cutting the overnight rate by a token .25% to .75, the Canadian dollar … Continue reading →

The race to force auto sales on to customers who cannot afford the payments, seems to have finally hit a wall: “A top U.S. executive at Honda Motor Co. (7267) said competitors are doing “stupid things” to boost auto sales, … Continue reading →

Peak faith in central bankers has come and gone, at long last. While foolish beliefs always eventually pass, the staggering costs from this episode will linger. Following Switzerland’s decision to remove its cap on the franc, James Grant of Grant’s … Continue reading →