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Credit bites back

NOVEMBER 30, 2011

Readers may be interested in a fascinating paper by the Federal Reserve Bank of San Francisco titled, "When Credit Bites Back: Leverage, Business Cycles, and Crises."   It's a must-read.

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Flow of bad news...

NOVEMBER 23, 2011

The flow of bad news out of Europe and Asia this morning is quite troubling.  These are the headlines making me nervous this no particular order

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Europe heading back into recession; OECD leading indicators decline again; Interest rate cut still priced in

NOVEMBER 21, 2011

Europe looks to be headed back into recession.  Will Canada follow?

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Canadian employment withers; Vancouver and area inventory builds as prices feel the heat; China's property bubble deflating?

NOVEMBER 07, 2011

Canadian employment numbers missed big...

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