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Olduvai III: Catacylsm
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Bank of Canada Crushes Loonie, Creates Mother of All Shorts

Bank of Canada Crushes Loonie, Creates Mother of All Shorts Clear winners: rich Chinese who buy homes in Canada. The Canadian dollar swooned 1% against the US dollar on Friday, to US$0.7270, after having gotten hammered for the past six of seven trading days. It’s down 5% in November so far, 15.5% year-to-date, and 31% from its […]

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Canada Just Warned That Negative Interest Rates Are Coming

Canada Just Warned That Negative Interest Rates Are Coming Moments ago, the Bank of Canada’s chief finally said what we had been patiently waiting for over the past several months: admission that Europe’s experiment with negative rates is about to cross the Atlantic. From Market News: BOC POLOZ: NOW SEES EFFECTIVE LOWER BOUND FOR POLICY RATE […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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