“Ask no questions, and you’ll be told no lies.” Charles Dickens Boring old bonds have been anything but lately. Investors that were lured back into fixed income have been treated to some wild bouts of volatility, with the pendulum swinging from one extreme to the other (and in short order). The year began full of […]
“What’s love but a secondhand emotion?” Tina Turner On the fourteenth day of this month, romantics across the globe will celebrate what Plato once called theia mania, the divine madness. While the origins of Valentine’s Day lie in ancient Rome, the first evidence of it being a day for lovers is in Chaucer’s 14th-century poem, […]
“An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.” Evan Esar The passage of one year into the next is marked by some interesting customs and traditions. Americans watch the ball drop, Spaniards eat twelve grapes at the stroke of midnight, and the Danes smash crockery on […]
Notes from the Desk – CAD CPI – Still High But Heading in the Right Direction. By the numbers. November CPI came in at 6.8%, lower than last month’s 6.9% print, but higher than the 6.7% forecast. Lower gasoline and furniture costs were offset by higher shelter and food costs. The BoC’s CPI-median at 5% […]
The Other March Madness | March 2023
“Like life, basketball is messy and unpredictable.” Phil Jackson It seems this year, March Madness was not restricted to college basketball, with the excitement and unpredictability of the tournament spilling off the courts and into financial markets. As the NCAA’s number-one seeds went down, so too did a few banks. In a tournament with a […]