Tag: finance
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Hold Up!! Wait a Minute!!
We are 24 hours since the BOC announcement and I am sure there are some pretty tired Tik Tok realtors. All that dancing can tucker a person out pretty quick I am told. I am sure they are sleeping in, and resting today after all the action yesterday. Lets face it – it isn’t like…
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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…
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The Unknown Unknown
There are 2 types of things that get used to make predictions in finance: The known unknown, and the unknown unknown. A known unknown would be something like GDP, employment reports, inflation numbers etc. We all know when the inflation report will come out, but we aren’t sure what it will be. We know it…
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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…
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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…
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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…
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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.…
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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,…
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Differential
Differential can mean many different ( no pun intended ) things. Car guys in the group finally think I am writing something for them. While I hate to burst anyone’s bubble, this is not about diff’s on a car. Oddly enough, diff rhymes with Tiff, but I digress.. Today I want to look at how…
Ryan Sims insights, thoughts, and analysis 