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Pitchforks coming for central bankers
As central banks have pumped trillions of QE liquidity into the financial system since 2008, money supply (green) increased along with household debt (in red), but economic output (blue) has maintained its downward trend along with wages and salaries (black). … Continue reading
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EV’s to drive global oil demand lower
With electric car sales now booming, how is the oil industry prepping for life after gas guzzlers? Emily Wither reports from the the 22nd World Petroleum Congress in Istanbul. Here is a direct video link.
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Painted into a corner
The loonie is bid today on the Bank of Canada’s first rate hike in 7 years. Not a surprise, this hike was forecast by 90% of market participants surveyed in advance. Less anticipated by the consensus was US Fed Chair … Continue reading
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