Ryan Sims insights, thoughts, and analysis

Tag: economy

  • 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”.…

  • 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…

  • Here Comes The Repo Man

    Contrary to the title of the blog, we aren’t going to repossess anything. Quite the contrary actually. I can usually tell when people get nervous about a certain topic simply based on the number of emails I get to my inbox. This week was no exception after the BOC made an announcement on Friday: As…

  • Kevin Wants A Job Man…

    Jobs are the talk of the town this morning with both Canada and the US releasing June employment numbers. State side saw growth of 206,000 new positions. While this is a beat of the consensus of 200,000, it is well below previous months job gains, and is more evidence that things are slowing down. That…

  • Between A Rock And A Hard Place

    It is fairly common knowledge now that Canadian inflation for the month of May was reported yesterday. Of course we saw a re acceleration of inflation in the month – and not by a little bit. There seems to be a lot of mis information around yesterdays report, with a lot of people saying inflation…

  • You Gotta Dance

    Sometimes in life things turn out for the good, and sometimes things turn out for the worst . How you decide to deal with it though will have more to do with the outcome than anything. In July of 2007, the CEO of CitiGroup – Chuck Prince made a comment at an investment bankers conference.…

  • Sacrosanct

    We have all been waiting anxiously for inflation to fall to the BOC’s target of 2% for the last couple of years. People watch the monthly inflation releases more than I have ever seen in my entire career. But what if 2% doesn’t get the job done? The UK reported their inflation data this morning,…

  • Dog Wagging the Tail, or Tail Wagging The Dog?

    This morning saw the release on the US inflation report, and it came in under expectations. US inflation edged up .2% month over month, and 3.4% YOY, both missing market expectations by.1%. Ironically, it was 1 week ago today we had the BOC announce, at about this time they were cutting rates by 25 bps.…

  • What A Difference A Week ( Doesn’t ) Make

    A week ago, the only thing people wanted to talk about was the BOC rate cut. Then, on Wednesday and Thursday, all people wanted to talk about is how the 5 year bond and the CAD currency. Interestingly enough, even though the BOC cut the overnight rate last week, the 5 year Canadian bond is…

  • Revising the Revision

    I can always tell when people are bothered by something because I get a lot of calls, emails and messages on certain topics. Lately, the topic seems to be the employment report, and more importantly the revisions to the employment report. The tinfoil hat brigade seems to be out in full force lately with this…