Monthly Archives: March 2025

Lessons from China (and Japan)

Posted on March 14, 2025 by Danielle Park

China’s economy is slowing. Amid weak borrowing, slack investment, deflationary pressures and uneven growth, the evidence points to China slipping into a “balance sheet recession”—a phenomenon our guest, Richard Koo, first diagnosed during Japan’s lost decades of the 90s, and … Continue reading →

Posted in Main Page | Comments Off on Lessons from China (and Japan)

Canada between rock and hard place

Posted on March 13, 2025 by Danielle Park

As expected, the Bank of Canada (BoC) cut overnight interest rates by 25 basis points yesterday, lowering the banking system’s base rate to 2.75%, the lowest since September 2022. In his prepared statement, BoC Governor Tiff Macklem struck a grave … Continue reading →

Posted in Main Page | Comments Off on Canada between rock and hard place

Extremes go both ways; it’s called mean reversion

Posted on March 11, 2025 by Danielle Park

And, it’s gone…the widely owned Magnificient 7 stocks (Apple, Microsoft, Nvidia, Amazon, Meta, Alphabet A, and Alphabet C), down a collective 20% from recent highs, have given back their Trumphoria election gains (see pink bank below, courtesy of my partner … Continue reading →

Posted in Main Page | Comments Off on Extremes go both ways; it’s called mean reversion