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Monthly Archives: August 2015
BMO on oil slide impacts for Canada
Of course, BMO being a corporate underwriting/investment sales franchise, was not forecasting a drop in crude before it happened, and they are still calling for a rebound, but…the comments here are starting to acknowledge the gravity of a sustained oil … Continue reading
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Economic consensus still far, far above realistic marks
The more historically realistic US GDPNow model forecast for Q3 2015 real GDP growth (seasonally adjusted annual rate) was 1.0 percent on August 6 (green dot below) compared with the still much higher 2.6 to 3.6% range of consensus forecasts … Continue reading
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Venezuela learns the hard way: gold not the currency it needs
Every financial crunch teaches a universal truth: ‘liquidity’ is denominated in the currency of one’s living expenses and debt payments. As savings burn through, and cash flow declines, other asset classes become luxuries one can no longer afford. The natural … Continue reading
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