Tag: economics
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Do as I Say, Not as I Do
The news cycle seems to move fast these days, and if you haven’t read the news since before dinner, you are out of date. The on again – off again tariff wars, stock markets, bond yield moves, and political climate make it so that you can assume nothing, trust no one, and certainly not take…
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Uno reverse
In the world of finance, there is almost nothing more complicated than how banking actually works. From a very cursory view it is as simple as “borrow short, lend long”, meaning a bank takes money in on a deposit – say a bank account at almost 0% interest, and turns around and lends it out…
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Over Inflated?
Here we sit just 6 weeks into 2025, and I think we can safely throw out the 2025 bingo cards. Pretty much everything you didn’t think could happen has happened, and life has thrown in a couple extra events for good measure. It wasn’t all that long ago that everyone knew, they just knew that…
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A Slight Adjustment
” There are lies, there are damn lies, and there are statistics ” – Mark Twain “Statistics are like bikinis – what they reveal is suggestive, but what they conceal is vital.” – author unknown Yesterday was the release of both the Canadian and the US employment reports. Now, be warned, if you don’t want…
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Spicy!!!
While the past 48 hours has pretty much brought out the absolute worst on both sides of the 49th parallel, and it seems that emotions are running high, hot and spicy, let’s spend some time on what it means. I am not going to get into a back and forth on tariffs – there is…
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Take A Pill
To quote Charles Dickens “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the…
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Don’t Look Now
A very happy Gobble Gobble day to everyone in Canada. I can smell the turkey from all the way down here. I hope everyone is well rested after the long weekend and ready for another week of mortgage wars. One thing about me is that when I am wrong – I admit it. We all…
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Taking the Easy(ing) way out.
It has become quite apparent over the last couple of weeks that the days of interest rate cuts have started. Uncle Tiff was first to the party in June of this year with 25 bps, followed by another 25 bps in both July and September. Jerome Powell and Co. brought a gun to a knife…
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Haircut
30 plus years ago, Warren Buffett was quoted as saying ” Never ask a barber if you need a haircut”. I imagine if we modernized the saying to bring it into this millennium it would go something like ” Never ask a Tik Tok realtor if it is a good time to buy a house”.…
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If, When, and How
They say that everything works until one day it doesn’t. Today I believe was that day. This morning we had Canadian retail sales announced, and it was all around ugly. Not just your regular run of the mill ugly – this report started in the ugly tree, fell out of the ugly tree, hit every…
Ryan Sims insights, thoughts, and analysis 