The Week That Was

  • Housing Bubble! (TWTW – Feb 13-17, 2017) February 20, 2017 - Housing Bubble! The status of real estate in the GTA, according to BMO Economist Doug Porter. State-side, FED Chair Janet Yellen pronounced all upcoming FED meeting “Live” as far as potential for rate hikes. Meantime … FED observers might be interested in this new book: “FED UP” by former Dallas FED Danielle DiMartino Booth. Recent Developments: UK – Tony Blair Continue Reading
  • Light Hearted (TWTW – Feb 6-10, 2017) February 13, 2017 - Light Hearted – How some described Trump Advisor Kellyanne Conway’s plug for Ivanka Trump’s fashion line, as she urged Americans to go buy it on TV last Thursday… Of course, at the other end of this, the Donald was going all out on TWITTER to vilify Nordstrom, which had abandoned his daughter’s line as it wasn’t selling … #Long4years (of Continue Reading
  • Sensitive Issue (TWTW – Jan 23-27, 2017) January 29, 2017 - Oh, as for the Sensitive Issue - it is the issue of who will ultimately foot the $20 Billion bill for that lovely wall idea? Mexico? As reiterated throughout Trump's campaign? Or an import tax essentially resulting in US consumers picking up the tab?
  • Peak Uncertainty (TWTW – Jan 16-20, 2017) January 22, 2017 - Peak Uncertainty – Thus did Billionaire George Soros describe this point in history in a Bloomberg interview at the World Economic Forum in Davis, Switzerland. This, with Friday’s inauguration of Donald J Trump as 45th President of the United States. The Donald, of course, himself a Billionaire – though of the populist persuasion … And now, with AMERICA FIRST the Continue Reading
  • Trump Boost – Rethink? (TWTW – Jan 9-13, 2017) January 15, 2017 - Trump Boost – Rethink? With the Inauguration of President Elect Donald J Trump on the immediate horizon (Jan 20th), market participants have – prompted in part by the Donald’s continued tweeting – begun reappraising the gains scored since his early November election as 45th President of the United States. World of Post Truth Truth … Here we come! Recent Developments: Continue Reading
  • Trump this, Trump that … (TWTW – January 2-6, 2017) January 7, 2017 - Trump this, Trump that … – and Trump the other thing! From Carrier, to Ford, to Toyota, to Boeing, to China, to security briefings, Russia, etc => TRUMP the President-Elect, soon to be the President inaugurated (Jan 20th) is EVERYWHERE… Boy – if you find that annoying, it will be a (very) long 4 years on Twitter, and everywhere else Continue Reading
  • Barclays “craptacular” MBS loans (TWTW – Dec 19-23, 2016) December 24, 2016 - Craptacular – The descriptive adopted by consultants, looking at Barclays sales in the MBS arena between 2005 and 2007 . The UK bank rejected a settlement with the US’s DoJ, daring it to sue, with the Department of Justice promptly obliging. This is in contrast with Deutsche Bank, which settled, and many others, including JPMorgan Chase, which earlier settled as Continue Reading
  • Positive Reset (TWTW – Dec 12-16, 2016) December 18, 2016 - Positive Reset – The words used by JPMorgan’s CEO Jamie Dimon when looking at the potential effect of a Trump Administration going forward. Be it as it may from a potential perspective, let’s not forget banks being an obvious beneficiary of either a regulatory rollback, or reg light(er), respectively reflation … Elsewhere, unless some of the Trump election campaign promises Continue Reading
  • Divergence? (TWTW – Dec 5-9, 2016) December 10, 2016 - Divergence? With the US FED set to raise a further 25 bps on Wednesday, a full year after their first “normalization” hike, all eyes will turn to 2017 as far as what to expect in terms of the pace of hikes in the context of a potential pick up in growth, and – possibly more importantly, inflation (which Central Bankers Continue Reading
  • Happy Days are here again (?) (TWTW – Nov 28 – Dec 2, 2016) December 5, 2016 - Happy Days are here again (?) – With prospects of a regulatory rollback in the US under a Trump administration, the outlook for banking stocks, according to this week-end Barron’s, is clear: Happy Days are here again. And with stocks in the sector on a recent tear, analysts are upping targets, looking to the upside in a less restrictive environment Continue Reading