asterisk2a + canada   49

EU und Mercosur: Warum Jair Bolsonaro plötzlich für den Freihandel ist - SPIEGEL ONLINE
Dabei hatte kaum jemand mehr so richtig daran geglaubt, dass sich die Parteien dies- und jenseits des Atlantiks nochmal zusammenfinden. Aber plötzlich zeigten vor allem die Big Player Argentinien und Brasilien ungewohnte Einigkeit und machten so das Freihandelsabkommen möglich. Der Einigungswille ist politischem Kalkül und den jeweiligen nationalen Nöten geschuldet, aber auch der Einsicht, dass man sich auf dem Wüterich im Weißen Haus nicht verlassen kann.

Selbst Brasiliens rechtsradikaler Staatschef Jair Bolsonaro geht vorsichtig auf Distanz zu den USA und Donald Trump. So ist das Abkommen auch ein klares Zeichen aus Lateinamerika an den US-Präsidenten, der die Nafta mit Mexiko und Kanada aufgekündigt und dem Nachbarn neue Konditionen aufgedrückt hat. Die Region will weiter offene Märkte und faire Konditionen.

Umweltschützer warnen schon jetzt: Die neuen Absatzmärkte für Fleisch- und Sojaexporte könnten zur Folge haben, dass die Weide- und Anbauflächen erweitert werden - und dafür der Regenwald im Amazonas dran glauben muss.
Mercosur  FTA  free  trade  agreement  EU  NAFTA  CETA  Brexit  Brazil  DonaldTrump  Donald  Trump  UK  Bolsonaro  Mexico  Canada  Amazonas  Amazon  Regenwald  deforestation  Soya  beef  environment 
22 days ago by asterisk2a
The Biggest Real Estate Bubble Of All Time Just Did The Impossible | Zero Hedge
There are two things at work here. The natural resource distortion to the real economy. And the Super Rich and Criminals and Asia/China who are desperate to divest and park their riches in democracies and rule of law and hard "assets"
Canada  bubble  property  Super  Rich  1%  money  laundering  Asia  China  Russia  Brazil  corruption  G20  speculation  speculative  London  CAD  immigration  Student  Plutocracy  Oligarchy  tax  evasion  avoidance  QE  ZIRP  NIRP  unintended  consequences  Fed  BOE  ECB  organised  crime  war  on  drugs  natural  resources 
june 2017 by asterisk2a
As a Tory MP, I urge Theresa May to guarantee the status of EU nationals | Stephen Crabb | Opinion | The Guardian
In fact, no minister has yet been able to point to any group of foreign workers currently here who should not, or would not, be here in post-Brexit Britain. Furthermore, whatever free trade deals we embark upon, the governments of Australia, New Zealand, Canada and India have already indicated that they will be looking for easier access for their workers. And even before we get to these, we will need to strike a trade deal with the EU that surely will include concessions on new EU workers. //&! VIDEO!
Brexit  UK  immigration  FoM  EU  trade  deal  USA  Commonwealth  Australia  India  EEA  Canada 
february 2017 by asterisk2a
Families to be given £20k payouts for fracking - The Scotsman
[ limiting the payout to those affected! LOL! Capitalism at its purest. Is a mock-compromise. national resource. not a corporate resource. see also people in USA who sold off their land for just a one-off price. ] A £1 billion shale wealth fund is already setting aside up to 10 per cent of the tax proceeds from fracking and Mrs May said this can go straight to residents in communities affected across the UK. [...] The new fund is expected to deliver as much as £10 million to each community where wells are situated. Downing Street declined to estimate how much payouts could be worth, but it is thought individual households could receive between £5,000 and £20,000.
capitalism  crony  compromise  natural  resource  fracking  shale  gas  pollution  carbon  carbonfootprint  exploitation  profit  maximisation  shareholder  value  Canada  USA  Umweltschutz  depletion  Theresa  May 
august 2016 by asterisk2a
Immigration points-based systems compared
The campaign to get Britain out of the EU has called for an Australian-style, points-based immigration system to be applied to all migrant workers - not just those from outside the EU. So how does the UK's system - also based on points - differ from those of other countries? //&! Boris Johnson on Leave immigration plans [...] Can we have access to the single market without free movement, someone shouts as he leaves. "Absolutely," Mr Johnson replies. -
Brexit  immigration  Australia  Canada  Freedom  of  Movement  EEA  free  trade  free  trade  agreement  European  Union  Schengen  Boris  Johnson 
june 2016 by asterisk2a
Canada Overwhelmed By 100,000 Chinese Millionaire Immigrants - YouTube
Flaunting your wealth. No connection w your culture and heritage. [...] also land taxes based on property value make it not affordable for some ... [...] Chinese love their property, half of their wealth/portfolio ... // &! - Canadian banks could survive a 25% house price decline, Moody's says. Banking system would be fine even if Toronto and Vancouver see a crash, ratings agency says.
Beton  Gold  Betongold  Canada  USA  China  property  bubble  real  estate  bubble  UK  globalisation  globalization  immigration  economic  history  asset  allocation  affordability  affordable  housing  social  housing  Generation  Rent  rent-seeking  rentier  ZIRP  NIRP  QE  BOC  secular  stagnation  migration  valuation  asset  bubble  asset  liquidity  distortion  distorted  Germany  1%  Super  Rich  Gini  coefficient  inequality  Latin  America  BRIC  emerging  middle  class  India  Asia 
june 2016 by asterisk2a
The Incredible Shrinking Middle Class - YouTube
Canada: Generation Jobless - - "The Plight of Younger Workers" (Report).& underemployed graduates w fancy sounding degrees. [...] EDUCATION INFLATION! [...] an education does no more guarantee a comfortable middle class jobs, and parents are disappointed. [...] globalisation of workforce plus automation, robotics, AI, augmented intelligence. the new GM's and Toyota's and DuPonts need less and less workers to catch ever greater pies of the current and future economy. [...] rise of the project focused self-employed and the Gig Economy. //&! (USA) Invisible Reality; The Working Poor - //&! FULL STORY: Generation Poor - //&! FULL STORY: The Labour Trap - - precarious work is now more and more the norm. as well as exploitation of those conditions.
squeezed  middle  class  working  poor  Precariat  precarious  employment  precarious  work  Zero  Hour  Contract  part-time  part-time  employment  underemployed  underemployment  structural  unemployment  overqualified  overqualification  social  mobility  income  mobility  western  world  USA  secular  stagnation  GFC  economic  history  Student  Loan  Bubble  debt  loans  youth  unemployment  demographic  ageing  population  Canada  OECD  low  pay  globalisation  emerging  middle  class  automation  Robotics  Robots  AI  artificial  intelligence  augmented  intelligence  self-driving  cars  autonomous  car  autonomous  cars  linkedin  IBM  Microsoft  Facebook  Instagram  WhatsApp  Oracle  Google  temporary  work  babyboomers  Baby  Boomers  self-employment  Gig  Economy  1099  Economy  Higher  Education  internship  apprenticeship  apprenticeships  exploitation  profit  maximisation  profit  maximization  shareholder  value  capitalism 
june 2016 by asterisk2a
Syrian refugees settle into new lives in Canada - BBC News
Prime Minister Justin Trudeau met refugees at the airport in December 2015
refugee  crisis  Canada 
march 2016 by asterisk2a
Another Look At The Perilous Price Of American Energy by Reveal
fossil fuel companies lobbied themselves out of workers comp when accidents happen. + care about speed over safety. + contract out work. oil companies often don't have own employees on-site. energy companies duck responsibilities when things go wrong. can distance themselves when things go wrong. [...] [legal sleaze] big companies roll off part liabilities (claims) through contractors insurance. [...] bonuses to drill quickly.
Keystone  Pipeline  USA  fracking  Canada  tarsand  fossil  fuel  shale  gas  shalegas  self-regulation  lobbyist  lobby  Lobbying  Workers  Union  Trade  Union  profit  maximisation  shareholder  value  regulation  regulators  ecological  disaster  environmental  disaster  carbon  tax  DeepwaterHorizon 
february 2016 by asterisk2a
The "Great Accumulation" Is Over: The Biggest Risk Facing The World's Central Banks Has Arrived | Zero Hedge
PBoC’s rapid liquidation of USTs over the past two weeks has added fuel to the fire and effectively boxed the Fed in. On Tuesday, Deutsche Bank is out extending their "quantitative tightening" (QT) analysis with a look at whats ahead now that the so-called "Great Accumulation" is over.  "Following two decades of unremitting growth, we expect global central bank reserves to at best stabilize but more likely to continue to decline in coming years," [...] Less reserve accumulation should put secular upward pressure on both global fixed income yields & USD. [If the shadow actor in Belgium doesnt buy it up @rate everyone else is selling (divesting) ] [...] The current secular shift in reserve manager behaviour represents the equivalent to Quantitative Tightening, or QT. This force is likely to be a persistent headwind towards developed market central banks’ exit from unconventional policy in coming years, representing an additional source of uncertainty in the global economy. ...
bond  bubble  treasuries  Treasury  Market  liquidity  trap  liquidity  squeeze  China  FX  reserves  centralbanks  reserves  USD  Dollar  QE  ZIRP  NIRP  petrodollar  2015  Yuan  RMB  devaluation  global  trade  global  economy  global  imbalances  global  growth  faultlines  OPEC  Oil  price  Asia  emerging  PBOC  Russia  shale  gas  fracking  tarsand  Canada  USA  Taper  Fed  credit  bubble  reflate  reflation  GFC  recovery  monetary  system  financial  monetary  theory  monetary  policy  monetary  stimulus  unconventional  monetary  policy  Saudi  Arabia  UAE  Iran  commodity  prices  Quantitative  Tightening  QT  2016  New  Normal  uncertainty  BOE  IMF  SDR  reserve  currency 
september 2015 by asterisk2a
Why It Really All Comes Down To The Death Of The Petrodollar | Zero Hedge
What might not be as clear (on the surface anyway) is how recent events in developing economy FX markets following the devaluation of the yuan stem from a seismic shift we began discussing late last year - namely, the death of the petrodollar system which has served to underwrite decades of dollar dominance and was, until recently, a fixture of the post-war global economic order. In short, the world seems to have underestimated how structurally important collapsing crude prices are to global finance. For years, producers funnelled their dollar proceeds into USD assets providing a perpetual source of liquidity, boosting the financial strength of the reserve currency, leading to even higher asset prices and even more USD-denominated purchases, and so forth, in a virtuous loop. [...] For the first time in decades, exported petrodollar capital turned negative. [...] the world is now beginning to feel the impact of the petrodollar's quiet demise. // &! Follow-on!
petrodollar  OPEC  centralbanks  reserves  USD  Dollar  2015  Oil  price  FX  reserves  China  Asia  emerging  market  global  trade  global  economy  global  imbalances  Yuan  RMB  devaluation  PBOC  Russia  shale  gas  fracking  tarsand  Canada  USA  Taper  Fed  credit  bubble  QE  ZIRP  NIRP  reflate  reflation  GFC  recovery  monetary  system  financial  market  monetary  theory  monetary  policy  monetary  stimulus  unconventional  monetary  policy  Saudi  Arabia  UAE  Iran  commodity  prices  liquidity  trap  liquidity  squeeze  treasuries  Treasury  bond  bubble  faultlines  IMF  SDR  reserve  currency 
september 2015 by asterisk2a
Frankreich verliert Status als Deutschlands wichtigstes Exportland - SPIEGEL ONLINE
IMF rechnet für 2015 mit einem Anstieg des BIP US um 2,5 Prozent und für 2016 mit 3 Prozent. "Wir sehen zudem eine Reindustrialisierung in den USA: Dort werden wegen der niedrigen Energiekosten viele neue Fabriken und Produktionsstätten hochgezogen", sagte Treier. "Dafür werden Maschinen und Ausrüstungen aus deutscher Produktion benötigt." Hilfreich sei zudem der schwächelnde Euro, [...] "Die Amerikaner sind relativ preissensible Käufer, auch wenn es um Luxusprodukte wie deutsche Autos geht", // Germany & UK are energy dependent, especially after Desert Storm Energy project failed. UK need the bet on STEM and digital economy and knowledge economy, added value services that can be exported & leverage "British" brand. It can not compete against cheap energy fuelled China and USA! But it did nothing, UK has to even import Nurses and Doctors now! Thanks to short-sighted ideological dogmatic austerity & policy for established businesses. low corp tax & deregulation to compete w price only.
USA  warrenbuffet  2015  fracking  energy  price  Oil  price  energy  policy  shale  gas  shalegas  tarsand  Canada  Exportweltmeister  China  global  trade  Europe  Germany  industrial  policy  UK  global  economy  recovery  Makers  Career  Politicians  competitive  advantage  competitive  competitiveness  competition  energy  dependence  Manufacturing  policy  error  policy  folly  renewable  energy  wind  energy  energy  efficiency  Conservative  Party  budget2015  Tories  austerity  corporate  tax  rate  capital  gains  tax  income  tax  tax  free  income  David  Cameron  George  Osborne  Iain  Duncan  Smith  deregulation  Workers  Union  self-regulation  regulation  regulators  neoliberalism  neoliberal  differentiate  differentiation  ZIRP  NIRP  QE  digital  economy  economic  history  trickle-down  economics  tax  evasion  tax  avoidance  export  exports  current  account  deficit  budget  deficit  trade  deficit  fiscal  deficit  fiscal  policy  fiscal  stimulus  STEM  research  knowledge  economy  knowledge  worker  economics  of  abundance  marginal  cost  economic  damage  shared  economic  interest  macroeconomic  policy  microeconomic  policy  DWP  education  policy  inequality  Gini  coefficient  social  mobility  poverty  trap  child  poverty  income  mobility  creative  destruction  Future  of  Work  Mobile  Creatives  Mobile  White-collar  Blue-collar  squeezed  middle  class  Sozialer  Abstieg  working  poor 
august 2015 by asterisk2a
China's currency devaluation could spark 'tidal wave of deflation' | Business | The Guardian
[3rd day in a row Yuan/RMB is devalued by PBOC (13/08/15)] “We’re all going to feel it: we’ll feel it through commodities; we’ll feel it through manufactured goods exports, not just from China but from everywhere that has to compete with it; and we’ll feel it through wages.” [...] China could be willing to let the yuan depreciate by as much as 25% over the next five years – “stone by stone, step by step” – in an attempt to restore the export-led growth that was such a winning formula [...] China [may be] trying to protect itself against the period of financial instability [following Taper by western central banks Fed/BOE] [or counter $ recent rise 21% & peg against $] [or fight home grown recession with kitchen sink] // &! &! &! &! &! // what is the new normal 4 growth in this global economy, competitive = keeping prices low = inflation & low interest rate pressure.
yuan  RMB  PBOC  China  devaluation  deflationary  deflation  UK  USA  Europe  Exportweltmeister  competition  competitive  competitiveness  Lohnzurückhaltung  lohndumping  secular  stagnation  western  world  globalisation  globalization  commodities  commodity  business  commoditization  Germany  Asia  Latin  America  borderless  flat  world  wage  growth  wage  stagnation  inflation  expectation  inflation  targeting  wage  pressure  productivity  output  gap  recovery  GFC  economic  history  New  Normal  hunt  for  yield  Great  Moderation  fiscal  policy  monetary  policy  QE  ZIRP  NIRP  Taper  unintended  consequences  unknown  unkown  complexity  Industrial  Revolution  2.0  IMF  SDR  currency  war  disinflation  inflation  wage  inflation  Japan  Australia  Oil  price  energy  price  Developing  Frontier  Markets  Forex  USD  British  Pound  Euro  Yen  BOJ  BOE  Fed  ECB  Bank  of  Canada  asset  bubble  macroprudential  policy  asset  allocation  productive  investment  underinvestment  business  investment  2015 
august 2015 by asterisk2a
Zwei Bürgermeister in Bayern erhalten Morddrohungen - SPIEGEL ONLINE
ISIS and 'radicalisation' used as False Flag event to curb freedom of expression which is 'not compatible' with OUR democracy and base religion - christianity
Germany  Islamophobia  Xenophobia  Homophobia  homophobic  antisemitism  Antisemitismus  UK  USA  Australia  Canada  Religion  War  on  Terror  False  Flag  ISIS  radicalism  extremism  Rechtsextremismus  minority  double  standard  GroKo  CDU  CSU  David  Cameron  Theresa  May  Conservative  Party  democracy  No  Representation  opportunist  Opportunism  Career  Politicians 
june 2015 by asterisk2a
The High Cost of Oil | Hacker News >> - "The crude that would feed the XL pipeline comes from a once pristine part of Alberta that now resembles mining operations on a sci-fi planet. At places like Fort McKay, home to First Nations people who've lived there for centuries, the money is great but the environmental and health impacts are exceedingly grim. The world has to have fuel. Is this simply the price that must be paid?" & "Oil sands, tar sands or, more technically, bituminous sands ..."
energy  security  renewable  energy  energy  policy  ecological  disaster  environmental  disaster  tarsand  Canada  policy  error  policy  folly  short-term  thinking  short-term  view  Career  Politicians  Lobbying  lobbyist  lobby  resource  depletion  finite  resources  fracking 
november 2014 by asterisk2a
The Moment of Truth - YouTube
minute ~32 - ~33 - ~34 :: declaring something national secret / classified, that is no harm to citizens of the country if it were public ... is anti-democratic. It is Dictatorship/Elite/Establishment-like behaviour. It is the short cut Career Politicians take for their own gain. /// +++ "Despite the impact of Snowden's disclosures, the general consensus among experts in the intelligence community holds that no amount of global outrage will affect the Five Eyes relationship, which, to this day, remains the most powerful espionage alliance in world history." +++ Sure, to use the release of the information (against Key & Government) as a grand stand may be opportunistic, but to swipe the evidence away because of it is unacceptable. It is still a Political Campaign, a Party running for election, like any other party ... would do so.
Democratic  Process  democracy  classified  NSA  BND  GCHQ  surveillance  state  Orwellian  Career  Politicians  policy  folly  policy  error  Makers  transparency  oversight  Five  Eyes  G  Zero  War  on  Terror  Edward  Snowden  Europe  UK  USA  Australia  Canada  New  Zealand  GCSB  Internet  Privacy  cyber  espionage  corporate  espionage  espionage  Glenn  Greenwald  The  Intercept  Pierre  Omidyar 
september 2014 by asterisk2a
Mark Carney benefited more from Canada than Canada benefited from him - a scathing farewell | ForexLive
>> Central Bankers and Policy makers were on the back foot very much. [...] "Carney hit the panic button like every other central banker after Lehman collapsed. Even then, he didn’t hit it hard enough until December when the global economy was on its knees. Rates didn’t bottom until late April 2009 — more than a month after Bernanke proclaimed ‘green shoots’ in the US economy."
lehmanbrothers  monetary  policy  Fed  GFC  Mark  Carney  economic  history  benbernake  UK  BOE  greatdepression  Canada  MervynKing  BOC  centralbanks  greatrecession 
may 2013 by asterisk2a
Australia AiG July manufacturing index 40.3 vs. 47.2 prior | ForexLive
Falls 6.9 points , lowest level in three years .”Falls in manufacturing production and employment were the major factors behind the sharp drop in the PMI” , AiG CEO said in a statement. ” The industry is experiencing substantial pressures driven by the strong Aussie dollar, cost increases, slow growth in domestic demand and competition from lower cost sources of production. “ “As suggested by another drop in new orders and with the full impact of the carbon tax (started July !st.) still to be felt, further falls in overall activity are likely in the months ahead.


Australia's domestic economy is drifting technically into recession from stall speed. Still the AUD hold up, and interest rates are high.

Hunt for returns/yield.
AUD is costly bc of hot money flowing into various assets.
Similar picture in New Zealand and Canada. All three countries have a property bubble which is about to pop. Q is when and why. Will see.
Canada  property  bubble  bubble  bubbles  policy  folly  policy  error  global-economy  global  imbalances  unintended  consequences  NIRP  QE  ZIRP  currency-war  currency  debasement  hot-money  newzealand  australia 
july 2012 by asterisk2a
Homes sell without adverts in new boom - Business - NZ Herald News
Houses in New Zealand selling without even advertising

"She said the two-bedroom unit in Remuera’s popular Victoria Ave had a pre-auction offer of $685,000 but sold for $902,000.
That won’t end well."

Yesterday, PIMCO’s Mohamed El-Erian wrote about how the global crisis and low interest rates will create bubbles in emerging markets, but the same principles apply to New Zealand. If NZ is anything like Canada, there is lots of foreign money flowing in.


Logic is hunt for yield; buy property and let it (rent it out). Best if you can buy property cash, then you don't even have to worry about mortgage rates in 5-10 years and also increases your annual return.
policy  error  policy  folly  2012  Canada  australia  property  bubble  NIRP  QE  ZIRP  bubbles  bubble  unintended  consequences 
july 2012 by asterisk2a
Senate Votes: Keep Consumers in the Dark About GMO Food | Care2 Healthy Living
Recently a bill requiring labeling was put forward in Vermont, but was withdrawn when Monsanto threatened to sue the state. Fearing Monsanto legal reprisal, another GMO labeling bill in Connecticut was also withdrawn, earlier this spring.

Read more:
Canada  USA  Food  Industry  GMO  Monsanto 
june 2012 by asterisk2a
BIS Official Warns of Central-Bank Overreach -
BIS warns of unintended consequences of more unorthodox easing measures as politicians agree to not agree bc of their principles. Not able to acknowledge that they/we sit all in the same boat.


The unconventional measures introduced by many central banks in response to financial turmoil could create other problems if carried out for too long, the general manager of the Bank for International Settlements said Sunday.

“A worry is that monetary policy would be pressured to do still more because not enough action has been taken in other areas… “Fiscal adjustment, the repair of banks’ balance sheets and other reforms cannot be put off in the hope of better times,” Mr. Caruana said. “Relying only on central bankers but failing to act on other fronts would ultimately damage confidence and increase the risks to macroeconomic and financial stability.”

"These emergency measures could have undesirable side effects if continued for too long,"
centralbanks  India  Brazil  BRIC  australia  Canada  BoC  bubbles  PBoC  China  UK  PIIGSFB  PIIGS  USA  sovereign  debt  crisis  quantitative-easing  QE  operationtwist  ZIRP  unintended  consequences  BoJ  ECB  BoE  Fed  policy-makers  policy  folly  policy  error  politics  trust  trustagent  monetary  theory  System  monetary  policy  BIS 
june 2012 by asterisk2a
Candian FinMin: Toronto condo market getting bubblicious | ForexLive
Candian FinMin: Toronto condo market getting bubblicious
June 21, 2012

- No sign of moderation of Prices in Toronto; seeing acceleration
- Calming of market is needed
- Toronto seeing continuous building
- Consumers should reflect before jumping into market

Sounds like the government is desperately trying to halt a housing bubble without raising rates, which they can’t afford to do given the weak global economy and a crash in the price of their key export, oil.


Canada and Australia are the two countries whos housing bubble is about to pop or has already popped. Australia's data saw deterioration last times, ... guess time is up there. It's a renters market now, becoming one. Till prices have come down considerably.


- Canada got "government mortgage insurance" as did USA.
- Gov guarantees as loss back stop. Mortgage firms and Banks riding risk free - ends only badly.
monetary  policy  fiscal  policy  debt  bubble  household  debt  credit  bubble  property  bubble  australia  ZIRP  unintended  consequences  bubble  housing  Canada 
june 2012 by asterisk2a
IMF says CAD “on the strong side” of fundamentals | ForexLive
IMF says CAD “on the strong side” of fundamentals
Written by Jamie Coleman
October 31, 2011 at 17:02 GMT
Appropriate for Canadian monetary policy to be accommodation for some time
Canada may need to cool housing market further
Canada  bubble  housemarket  property  2011 
october 2011 by asterisk2a
Guest Post: What's Really Driving House Prices In Canada? The Must-See Graph Of The Day... | zero hedge
My position has long been that the driver of house price appreciation in Canada over the past decade has been primarily the result of the unprecedented expansion in debt caused by the loosening of CMHC mortgage insurance requirements and the removal of the maximum insurable mortgage ceiling....facilitated by a falling interest rate environment, a new mass perception of the 'investment worthiness' of real estate as an asset class, and the emergence of housing as a form of conspicuous consumption.  But if we boiled them all down into one word, it would be this:  DEBT!  And the pace of debt accumulation is not sustainable... ergo, the pace of house price appreciation is not sustainable.  Nor are house prices at current levels relative to underlying fundamentals.
bubble  canada  housing  housemarket  2011  mortage  debt  ZIRP  risk  unintended  consequences  regulation 
june 2011 by asterisk2a
All Roads Lead to Athens? | zero hedge
"From my vantage point, the trip to Greece is a little bit pleasure but mostly political. While Canada is definitely in better shape than Greece, there are some eery similarities. In particular, household debt in Canada is at record levels, spurring a Canada bubble of historic proportions, which is also aided and abated by Canada's mortgage monster. When this bubble pops -- and it eventually will -- the economy will get hit hard and our Canadian dollar will tank (still think if CAD reaches 1.10, it's a short!) and our bonds will rally (that's why Canadian bonds are still valuable)."

Add: Commodities, Speculation, VIX down, ... Australia a bubble too. Brazil. etc. 
... G8 ZIRP = created new local bubbles
... money hunts down yield, how irrational it is does not matter, as long as it bring real returns.
canada  bubble  2011  ZIRP  australia  commodities  speculation  QE  QE-2.0  hot-money 
may 2011 by asterisk2a
The Endless Bear Market? | zero hedge
I had lunch with a fixed income manager and we talked markets. "The market wants more quantitative easing," he said. I told him "sure but Trichet said the ECB does not engage in quantitative easing". We both chuckled.

I told him in a zero interest policy world (ZIRP), the only way to stimulate your economy is through your exchange rate. "That's why quantitative easing is bearish for the euro". He agreed with me that the euro is heading towards parity.

On specific "conviction trades", he told me he's short Canadian Real Return Bonds, feeling that inflation expectations will wane and real rates will rise once the Bank of Canada raises interests rates in June or July. "Fundamentals are strong in Canada and inflation is not an issue".
bearmarket  bear  recession  usa  double-dip  greatrecession  canada  economy  interestrate  ZIRP  QE  EMU  trichet  ECB 
may 2010 by asterisk2a
Op-Ed Columnist - Good and Boring -
Above all, Canada’s experience seems to support those who say that the way to keep banking safe is to keep it boring — that is, to limit the extent to which banks can take on risk. The United States used to have a boring banking system, but Reagan-era deregulation made things dangerously interesting. Canada, by contrast, has maintained a happy tedium.

So there’s a good chance that we’ll do nothing, or nothing much, to prevent future banking crises. But it won’t be because we don’t know what to do: we’ve got a clear example of how to keep banking safe sitting right next door.
canada  CFPA  reform  regulation  finance  banking  subprime  history  lesson  toobigtofail  leverage 
february 2010 by asterisk2a
Bank Size and the Severity of Financial Shocks - CBS
We cannot guarantee that regulation of the financial sector will prevent all shocks. Capping bank size can help to limit the extent to which a shock is magnified if one does occur, and thus limit its ability to do damage.
subprime  regulation  CFPA  reform  usa  VolckerRule  paulvolcker  paulkrugman  leverage  banking  financialmarket  FinancialCrisisInquiryCommission  toobigtofail  Canada  2010 
february 2010 by asterisk2a

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