Monthly Archives: May 2020

As I wrote last September when stock markets were rising and macro data weakening, bear markets with loss cycles greater than 20% are inevitable and recurring, but it’s not necessary that individuals lose along with them. The last decade has … Continue reading →

A study from the University of Antwerp, Belgium surveyed 11,000 shoppers in 11 different countries, including Canada, and found that during the pandemic shutdown shoppers have cut spending on ready-made meals and snacks, are cooking more of their own food … Continue reading →

Thirty years of progressively higher consumer spending and debt have coincided with rising corporate profits, low savings rates, gambling preoccupation and boom-bust asset cycles.  All were deleterious to present resilience as we encounter the first economic depression since the 1930s.  … Continue reading →