What the central banks have agreed to do for Europe
It will be interesting to see what markets around the world do today after yesterday’s incredible rally when central banks agreed to step in and help European banks as needed. So far today world stocks...
View ArticleThe new economy: A shortage of scotch and lots of pubbing
An interesting story from the Guardian that is appropriate for a Friday as the Christmas warms up: suppliers may be running out of scotch as demand among middle class Asians and South Americans grows...
View ArticleUS executive pay jumps, other Americans still looking for work
If executive pay was any indication one would think the United States must be completely recovered from its recession, with everyone back to work and back in the homes they lost to foreclosure a few...
View ArticleEurozone crisis, auto sales, and our favourite: house price update
There is so much economic news today it is hard to know what to write about. First there is the European leaders summit in Brussels (get live updates at the Guardian). Scotia Economics has its auto...
View ArticleWhat are the Greeks/Americans thinking? Debt and mortgages
Well it’s down to the wire once again in Greece and the Greek politicians, once again, don’t seem to feel the urgency. With a deal to bail them out of their financial woes already worked out, the...
View ArticleTrade balances, consumer sentiment and Greek drama
Lots of economic news out today. Canada’s trade balance was way better than expected, jumping to $2.7 billion in December, up from 1.2 billion in November. The good news was that export volumes were up...
View ArticleUnaffordable housing not just a Vancouver phenomenon
First time home buyers in Vancouver can take some comfort in knowing they are not alone. While another study came out today saying Vancouver was not a great place to live because of unaffordable...
View ArticleQueen’s jubilee may hurt UK economy: Guardian
Nothing like dreary news for a dreary day. This news all comes from the Guardian. First the United Kingdom’s GDP fell more than anticipated in Q4 of 2011. Then an opinion piece that if the UK economy...
View ArticleFerrari coming out with a hybrid
Ferrari is creating a hybrid! Phew! Because it was the only thing holding me back from buying one. The hybrid will be a variant of one of Ferrari’s glitziest models, the Enzo, the Guardian reports....
View Article