A commodity-dependent economy where households and foreign investors gorged on cheap credit to billow real estate to outrageous valuations, now facing cash flows deficits and concentrated risk in the banking sector….hmmmm… sound familiar Canada?
This segment aired Sunday 21st Feb 2016 on Channel 9 in Australia. Here is a direct video link.
There are more than one billion cars on the road worldwide today, and only one tenth of one percent of them have a plug. OPEC contends that even in the year 2040, EVs will make up just one percent. But don’t be so sure. By 2020, some electric cars and SUVs will be faster, safer, cheaper, and more convenient than their gasoline counterparts. What if people just stop buying oil? In the first episode of our animated series, Sooner Than You Think, Bloomberg’s Tom Randall does the math on when oil markets might be headed for the big crash. Here is a direct video link.
In a related development, Tesla Model S to get wireless charging option in April. Smart.
Guy Hands, chairman and chief investment officer at Terra Firma, discusses the current level of market volatility, the availability of financing for deals, and the U.K.’s upcoming “Brexit” vote. Here is a direct video link.
Cory’s Chart Corner
