Monthly Archives: February 2022

Market main plot: tidal wave of liquidity now receding

Risk markets are rallying this morning on stories that Putin may be stepping back his aggression in Ukraine. But, lest we forget, Ukraine is a side story. The main plot for financial markets is the tidal wave of fiscal and … Continue reading

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Tax insolvencies tip of iceberg in Canada

Canadians living at the financial edge may be pushed to the brink when the taxman comes calling, according to a new study from licensed insolvency trustee Hoyes, Michalos & Associates Inc (report available here). According to the firm’s annual Joe … Continue reading

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Yield spread oil ratio-signaling bear market and recession

This morning, the spread between the ten and two-year U.S Treasury yields has narrowed to just .405%, and oil (WTI) has moved above $92. As shown below in my partner Cory Venable’s chart since 1990, when the ratio of these … Continue reading

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