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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: August 15, 2016
Helicopter money and other absurd ideas
Monetary policies run dry… High Frequency Economics Chief Carl Weinberg discusses so-called helicopter money. Pimco Executive Vice President Tony Crescenzi also speaks on “Bloomberg Surveillance.” Here is a direct video link.
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Subprime auto: debt crisis in the making
The subprime auto industry boomed over the past 6 years on a familiar foundation of lax lending and packaging sketchy loans as investments–similar to the 2008 sub-prime mortgage crisis. For more see: “They had created this remarkable system for taking … Continue reading
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Long-always bias writ large: 5.8% cash levels, highest since 2001
A recent survey from Bank of America Merrill Lynch reinforces my comments (see: Captive money is not ‘smart’ for investors) about the fee-maximizing bias of financial firms to have client capital fully allocated to risky assets at all times: last … Continue reading
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