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Cory’s Chart Corner
Load MoreWow...RBC trying hard to obfuscate an 8x growth in loan losses with candy for the kiddies, buybacks and dividend hike. Morning other Danielle...
h/t @DiMartinoBoothBattening down the hatches with an eight-fold hike in loan loss provisions north of the border:
@RBC provisions for performing loans totaled C$568 million in the second quarter, up from C$68 million in the first three months of the fiscal year.
@business
Daily Archives: May 16, 2016
The critical importance of price
An excellent, simple explanation on why buying wildly over-valued financial assets is locking in a bad investment for years to come. There is no free lunch. See Blowing Bubbles: QE and the iron laws: Look across the room you’re in, … Continue reading
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Perverse incentives: Goldman commodity speculation backed by taxpayers
It is contrary to all public interest and safety to allow investment banks to continue making speculative bets backed by FDIC coverage/taxpayers. These firms have to be broken up and forced to gamble only at their own risk. Taxpayer backed … Continue reading
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Pension return assumptions–what could go wrong?
A must read article in the Globe and Mail on Saturday from the President of the CD Howe Institute, points out rarely admitted facts about the return assumptions that have been baked into most pension and retirement planning forecasts. This … Continue reading
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