Tag: inflation
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Haters Gonna Hate
I am getting old. I am so old in fact, that I remember the days gone by where the USA had to really do something to piss off Canada. I mean something like enact a tariff, elect an orange man, or something of that nature. Today though, apparently all the USA has to do to…
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Rate Wars and High Temps
While everyone has been busy enjoying some pretty amazing fall weather, the temperature isn’t the only thing heating up. It appears that maybe, perhaps, quite possibly the bond market is taking its que from Mother Nature, and heating up itself. This may not be the time to interrupt the Tik Tokking realtors, but it appears…
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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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Jumbo The Elephant
The elephant in the room over the last couple of months has been the US Federal Reserve. Will they or won’t they? Big or small? 25 or 50? Wednesday gave us the answer, and it did cause a little bit of whiplash across stocks, bonds, and currencies. After cutting the Fed Funds rate ( overnight…
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Inflating the Inflation Narrative
Tuesday saw the release of Canada’s August inflation report, and what a report it was. I am sure all the Tik Tok dancers are thoroughly wiped out this morning from all of the dances they were doing yesterday. Add yesterdays videos to the videos from Monday after the mortgage announcement, and I am sure they…
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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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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…
Ryan Sims insights, thoughts, and analysis 