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Canadian economy firing on one outrageously over-valued sector
This morning more dour news for Canada: Canadian Wholesale Sales in January fell by the most in 6 years and oil and most other commodities are continuing their downdraft on tumbling global demand and soaring inventory. West Texas Crude (WTI) … Continue reading
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Oil: support at 2009 bottom may prove a mirage
The global economy is in the midst of a downturn of unusual scale. Coming off the unprecedented credit-highs of the past 8 years will be sobering, to say the least. What proved support for key commodities in the 2009 “V” … Continue reading
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Reality check: GDP tanking
The growth rate of real gross domestic product (GDP) is a key indicator of economic activity, but the official estimate is released with a delay and routinely revised in retrospect, quarters and years after the original ‘guesstimates’. To stay ahead … Continue reading
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