Tag: economy
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Listening
Growing up it was common for the old timers in our small town to tell the youth of the day ” God gave you 2 ears and one mouth, so you should listen twice as much as you talk “. From time to time with my own kids, I would quite often say “you need…
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Fear, Hype, and Bullshit
As we are now through the first 6 months of 2025, I think it is a great time to take a bit of a look back on the last 180 days, and see where we go from here. Tensions were high coming into the year with Canadian Parliament being shut down, DJT preparing for his…
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Muddy Waters
Just when you think that interest rate policy decisions were going to become easier – they got muddy – and fast. With the bombing of Iran’s nuclear assets in the last 24 hours, a whole host of things are about to change. While probably near the bottom of the list for many folks, it will…
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Let Them Eat Cake
As we sit on the eve of tomorrows rate cut announcement from Uncle Tiff at the BOC, we have a lot to look at. The announcement, for what it is worth will likely be a hold, but there is just so much more going on in the financial world to look at. Uncle Tiff is…
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The Basis Of Basis
Basis is something, that in the mortgage world is usually followed by the word point. We all know what a basis point is. 1/100 of 1 percent. If you don’t know that, then you ought to call up your brokerage, and make arrangements to surrender your mortgage license. But, basis can mean many thing to…
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Cart Before The Horse
Today is likely to be the day that we all look back on. Today we saw the announcement of tariffs from the US to the rest of the world. In what was quite possibly the most haphazard, mismanaged, misunderstood presentation in a long time, we finally know who will have what tariffs. I am pretty…
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The Problem with Smart People
Well, this morning we saw the inflation report released for Canada, and oh boy was it a doozie. Back in late December of 2024, I put out my year end predictions for 2025, and one of the main things I saw was inflation re igniting. Of course, all the ‘smart people’ took it as an…
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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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Tariff Tuesday
Happy Tariff Tuesday everyone! It is like taco Tuesday, except that instead of warm delicious tacos we have stupid crazy politicians. It is now official, and tariffs, and counter tariffs are in place. For the average person I really don’t think it will do a whole lot. The one thing that news, media, and even…
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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…
Ryan Sims insights, thoughts, and analysis 