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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
Monthly Archives: September 2022
‘Snow-washing’ in Canada, money laundering all star
I have long thought that a housing bust and ugly recession might finally catalyze a serious crackdown on money laundering in Canada. Apathy has been the status quo while asset prices were rising. Now, as prices plunge and pain spreads, … Continue reading
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Operation ‘break things’ to continue
Hiking the US Fed funds rate a further .75 yesterday, now 3 to 3.25% (from 0 to .25% in March), Chair Powell acknowledged that unemployment will rise, adding: “Nonetheless, we’re committed to getting inflation back down to 2%.” Powell reiterated … Continue reading
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The recession is already here
Worthwhile overview of many key economic trends now in motion… Danielle DiMartino Booth of Quill Intelligence believes it’s obvious that a recession is already upon us, and it might only get worse from here. She joins Jay to discuss inflation, … Continue reading
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