Monthly Archives: January 2020

Canada was relatively sheltered in the 2008 recession thanks to higher home equity and lower household debt heading into the downturn.  Not this cycle.  And unlike the quick central bank induced bounce back in 2009, the current quagmire is likely … Continue reading →

A decade of record-low interest rates has herded capital globally into the same buffet of risky assets. Most of the participants have little cash and many are highly levered. This is a time-tested recipe for forced selling and capital implosion. … Continue reading →

I understand from stock bulls that central banks have got all this under control.  That’s good, because even India, the world’s fastest-growing large economy, has taken its growth rate estimate for the current fiscal year ending March 31 down to … Continue reading →