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An oil shock amid rising credit stress and negative job revisions, unexpectedly pushing up unemployment.  Every cycle is a little different, but similar developments have marked the onset of past recessions and bear markets. Oil price spikes reduce economic demand, … Continue reading →

In February, the Canadian economy ‘unexpectedly’ lost 83,000 jobs, the most since January 2022 (shown below since 2020), driving the unemployment rate up to 6.7% after a 25,000-job loss in January. Economists surveyed had expected employment to rise by 10,000 … Continue reading →

The plan to bring mom-and-pop investors into ‘alternative’ investments was always about finding a pool of greater fools to keep inflows coming. The ‘free money’ years covered up a lot of naked swimmers that are now being revealed. When people … Continue reading →