Category Archives: Main Page

Financial trainwreck assured: borrowing to ‘invest’ at record highs

US margin use (borrowing to buy securities) peaked this cycle in February 2014 and has moved ever so slightly lower since.  Historically when margin balances stop expanding, they begin contracting and bear markets have followed within a matter of months.  … Continue reading →

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Canadian ‘atrocious’ economy contracts in Q1

Since all central bankers are congenitally optimistic, a warning this week from Bank of Canada governor Stephen Poloz that the Canadian economy was ‘atrocious’ in the first quarter, may be understating the matter…Here is a direct video link.

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Earnings caving under delirious stock valuations

Automated trading machines incited by central bank jawboning the world over, have helped to push global stock markets to the highest valuations since March 2000 and October 1929.   Meanwhile earnings and sales are plunging…from a Q1 analyst consensus for S&P … Continue reading →

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