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Daily Archives: June 5, 2019
The economic hits keep coming
Let’s see…we have semiconductor sales down 24% since October and oil prices (WTI) down 20% since April, the most negative yield spreads between 7- to 10-year bonds and their 1-to 3-year counterparts since the tech bubble, a contraction in global … Continue reading
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Canadian banks not taking prudent reserves for rising impaired loans
Canadian financials make up 34% of the TSX composite index and are similarly overweight in most Canadian equity funds, managers and portfolios. The end to a decade long commercial and household credit boom has broad implications for Canadian lenders, borrowers, … Continue reading
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Rate cuts resuming in 2019, but Oz is no more
Yesterday, as stocks celebrated odds of US Fed rate cuts in 2019, a World Bank report reduced its semi-annual forecast for global growth to 2.6%–from 2.9% at the start of the year—and slashed its forecast for growth in trade to … Continue reading
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