From the monthly archives:
Obama and others freaked out yesterday at what came in as worsening US economic data and the lowest stocks on record for any January in the stock market history. The “fresh U.S. economic blow” is a “disaster”, Obama says. The Dow Jones Industrial Average dropped another 148 points (a 500-point drop is what happened in [...]
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As you can see from the CBOE (Chicago Board Options Exchange) website, the VIX (Volatility Index) stayed pretty even at 40 today. Tell me if I’m wrong, but that’s basically the lowest volatility rating we’ve seen since the Lehman Brothers collapse of mid-September. At its highest, the VIX was up to 87 or so.
To put [...]
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U.S. President Barack Obama, according to this Washington report, said “he’s confident that a multibillion-dollar plan to kick-start the ailing economy will survive a crucial House vote.”
It’s unclear how much Republican support he’ll get for the 2009 economic stimulus package, but Obama said “I’m confident we’re going to get it passed.”
According to the report, “the [...]
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Those people betting on seeing the Obama Effect in infrastructure should tell me what they think of Boeing’s latest job cut announcement (read it here). Or is this a sign that the infrastructure pre-bubble has popped? Either way, it’s pretty sad and scary. Canada also just announced that the recession is going to be deeper [...]
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As it turns out, he’s just barely a millionaire (unlike ol’ Hank Paulson, who has over $700 million), and… he’s a big mutual fund investor! Can you believe it? You’d think he’d know better than that. Some of his funds only have $1000 in them, some go up to $100,000. On top of that, he [...]
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Well, maybe we are getting close to 10% unemployment in the US as I suggested in a previous post. The most recent numbers indicate that unemployment levels in the US have reached 7.5%. According to this Globe and Mail report, anyway. Still, it’s a long way off from Great Depression numbers. AND unemployment is measured [...]
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Get this. Two years ago, Royal Bank of Canada was the world’s 50th largest bank by market cap. By comparison, it was Canada’s largest bank by market cap (and it still is Canada’s largest bank). But now, post-credit-crisis-financial-meltdown, Royal Bank is the world’s seventh largest bank by market cap! I’ll repeat that.
Royal Bank of Canada [...]
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