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Posted on December 14th, 2011 by Barry Schwartz

As I left my house this morning, I made sure to remember to put three things in my jacket, cellphone, keys and wallet. As I walked to the subway station, I checked the weather conditions on my blackberry, then I checked the stock futures (that was a mistake) and then I checked my email. As […]

Posted on December 9th, 2011 by Rob McDonald

All eyes were glued to yesterday’s press conference from European Central Bank (ECB) President Mario Draghi. The news flow seemed positive as each headline crossed the wire. Interest rates were cut for the second consecutive month. The collateral requirements for bank lenders would ease further. Unlimited loan availability for banks would be lengthened to 3 […]

Posted on December 6th, 2011 by David Baskin

On November 30th, the Government of Canada ten year bond had a yield of 2.15%. Not only is this low, or very low, it is the lowest yield in the 76 year history of this basic security. To put this into context, over that 76 years the average yield was 7%, and in only six […]

Posted on December 1st, 2011 by Rob McDonald

Many suggest that “it feels like a recession.” Much of the US data, however, suggests that it shouldn’t. The latest evidence can be found from just last week when the reported Black Friday sales figure increased year-over-year by a strong 6.6% (based on a survey of 40,000 retail locations). While this number is not historically […]

Posted on November 28th, 2011 by Barry Schwartz

The first thing I do when I wake up is turn on BNN to see how the futures are shaping up.  Given how bad the market has been over the the last two weeks, this has been a painful process.  Still glassy eyed this morning, I was pleased to see the Dow futures up 250 […]

Posted on November 23rd, 2011 by Rob McDonald

It seems hard to believe, but 3 years ago last month, famed investor Warren Buffett wrote a widely circulated editorial in the New York Times entitled “Buy American. I am.” The column discussed the chaotic crash in stock prices that was unfolding before our eyes. Today, market participants simply refer to the period as “2008.” […]