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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: April 10, 2015
After the oil rush: thoughts on secular cycles
Since Canadian oil sands benchmark Western Select Crude (WCS) sells at a discount of 25%+ to West Texas Crude (WTI) (see here), Canada has the distinction of producing the lowest valued oil in the world. Due to high monetary costs … Continue reading
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GE backs out of banking while the goin’s still good
Genius is before the fall. Rescued by government loans in the 2008 meltdown, Jeff Immelt is looking to exit the risky operations of GE’s finance arm, before chickens come home… Real-estate investments and lending aren’t an obvious fit with GE’s … Continue reading
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China: another debt boom goes bad
Data from China grows grimmer by the day. Construction spending that had driven some 70% of Chinese GDP the past few years is officially reported as down 18% to date and falling. But with massive overbuilds and mal-investment nationwide tangled … Continue reading
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