Loading ...Wow, it’s been 1.5 years since I updated this blog and the issues that we were facing then are pretty much the same as they are today i.e. I’m still worried about all the money printing that the governments are doing. Money printing as noted through the various blogs stimulates the economy…unfortunately there is a […]
There have been a lot of things happening in the markets recently but it all goes to support the stagflation is here argument. It seems every inflation indicator shows that inflation is getting worse (i.e. higher) regardless of which country is reporting. At the same time, most countries are also reporting weak growth. Today was […]
Economics:
Stock markets in North America have been taking a beating recently especially the oil and gas sector. Oil has dropped about $10 in 2 days and oil stocks have sold off to much lower levels than when oil was last back at this level. It’s not just oil and gas stocks that are selling […]
Stock portfolio change:
I sold my long position in CV Technologies Inc. (T-CVQ, biopharmaceuticals) for $0.51 after having bought it for $0.68; this resulted in a loss of 25%. CV Technologies sells Cold F/X the cold medication recognized by Health Canada. The stock was purchased after it released quarterly earnings of $0.08 after having pulled […]
Economics:
The Bank of Canada surprised everyone by doing nothing when the consensus view was that they would drop rates by 0.25%. I find it especially surprising since inflation is still well contained and the most recent GDP growth was negative. Most other central bankers would have dropped rates (other than the European Central Bank […]
Economics:
The US ISM (a manufacturing index) in May showed some slight improvement, but still showed the sector was contracting with a reading of 49.6 up from 48.6…any reading less than 50 indicates contraction. Not surprising, the employment sector had another weak reading of 45.5 and the prices paid component hit an 87% which is […]
In many parts of the world such as the U.S. and just about any country that manages its currency (e.g. China, Latin America, Russia, OPEC nations etc) have seen inflation continue to climb. With inflation being so high and interest rates being low, the returns available on some fixed income investments (e.g. bonds) have a […]
