Monthly Archives: March 2023

Danielle on CBC Weekend Business Panel

Danielle was a guest with Dennis Mitchell and Hillary Johnstone on the CBC Weekend Business Panel. Here is a direct video link.

Posted in Main Page | Comments Off on Danielle on CBC Weekend Business Panel

Financial stress spreading

Deutsche Bank shares are off more than 10% this morning as credit default swaps on its senior euro debt blow out. Contagion fears are spreading after Credit Suisse’s shot-gun sale last weekend. Other banks are tumbling in sympathy. As shown … Continue reading

Posted in Main Page | Comments Off on Financial stress spreading

Fed wrecking ball

With consumer credit conditions already as tight as the 2008 financial crisis (shown below courtesy of The Daily Shot), yesterday, the US Fed hiked its overnight rate 25 bps to the highest level since September 2007 (4.75 to 5%). After … Continue reading

Posted in Main Page | Comments Off on Fed wrecking ball