18 Apr
Recap:
Wow, another big day in the market with the Dow up 228 and the TSX up 121. Citigroup posted another loss of $5 billion after writing down another $15 billion of assets. Oddly enough the markets were happy with the results, as they were neither as bad as the previous quarter $-10 billion, nor as […]
Posted in Commodities, Housing, Inflationary Policy, Oil, Portfolio, oil sands by: arnie
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14 Apr
Recap:
The TSX was up 55 and the Dow Jones was down 23 after another big bank (Wachovia) reported a quarterly loss and cut its dividend. It’ll be interesting to see how many more write-offs are coming and how many banks report lower earnings or even losses. I expect there will be many more.
Economics:
Retail sales in […]
Posted in Inflationary Policy, Portfolio by: arnie
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