Economic outlook, growth/productivity, central bank moves, industry news.
For the past few years I’ve mentioned in memos to investors and briefly in my more recent 2010 currency review / 2011 outlook article about the world’s over-dependence on China’s fast growing economy, and apprehension about their growing credit & real estate bubble. However, it seems that many investors have been ostriches, ignoring that...
Job cut announcements made by large corporations are a useful and perhaps better indicator of unemployment than government released labour data. While official unemployment data provided by Statscan in Canada and the BLS in the U.S. give more precise numbers, they look at historical data. The numbers then make up the most current unemployment...
On 9/21/2011 the Federal Reserve’s Federal Open Market Committee (FOMC) announced it will: • Extend the average maturity of its existing holdings of Treasuries. • Swap $400 billion worth of shorter-term maturity Treasuries /government bonds with longer-term Treasuries by the end of June 2012. • Reinvest principal payments from agency mortgage-backed debt/securities back into...
The general outlook for for the remainder of 2011 has not changed much from the 2010 Outlook. Earlier this year I had written detailed 2010 reviews & 2011 outlooks, for the bond market, currencies, and mergers & acquisitions (M&A). My intention was to distance them from the commonly published (and relatively useless) “outlook” and...
