Brexit

COVID-19: The ultimate identity politics?

Political Action Human beings always aspire to be part of something larger. There's the family but it's limited, they want a level beyond that. So they find other entities to feel they belong to, like nations, religions, movements or generations. Very often -- most of the time -- those involve ...

ECB's Bazooka Support Bonds but not the Euro

Overview: It is not just that the dollar soared while stocks and bonds continued to plunge.  The dollar's strength is, in effect, a powerful short-covering rally.  It was used to fund a great part of the global circuit of capital.  The circuit of capital is in reverse now, and the funding cu ...

Monday Blues

Overview: Risk appetites remain in check as the spread of the coronavirus is leading to more and longer shutdowns.  Asia Pacific equities fell with Australia, the notable exception.  Its benchmark rallied a record 7%, encouraged by additional stimulus measures.  Led by financials, following ...

Morning News: March 16, 2020

China’s Economy Suffers Historic Slump Due to Virus Shutdown Global Central Banks Pull Out All Stops As Coronavirus Paralyzes Economies Fed Brings Out Big Guns, Investors Fear the Worst These Charts Show How Markets Are Reacting to the Fed Bazooka What Do the Fed’s Latest Moves Mean For U.S. Co ...

Answers to FAQs about the recent market disruption

Global Market Strategist Brian Levitt provides perspective on the impact of the coronavirus and oil price wars.   1. Wasn’t the market due for a correction anyway? Market drawdowns typically don’t just happen for no apparent reason. They are the result of economic and/or policy uncertainty. Th ...

The modern neoliberal state nurtures the spread of COVID-19

David J. Climenhaga "The risk to Albertans is still low," the government of Alberta's official website soothingly assured us yesterday afternoon, the day the World Health Organization officially declared the effects of the coronavirus swiftly coursing 'round the globe to be a pandemic. This may r ...

What to make of stocks entering bear-market territory

Investors with a 50-year investment horizon will live through, if history is any guide, 14 bear markets over the course of their investing lives.1 That’s a bear market once every 3.57 years.2 History would also suggest that during those bear markets, investors should expect their equity portfolio ...

Appointment of conservative economist Jack Mintz to head Jason Kenney's latest economic panel is bad news for Alberta

David J. Climenhaga Come into my office, Alberta, and sit down. I'm sorry to have to tell you that your prognosis is not good. I'm not talking about coronavirus. That will be painful, but you're strong and young and I'm confident you could survive coronavirus … When Premier Jason Kenney says th ...

Bentley says Brexit priority is deal with Europe, not the U.S.

* Bentley may do more work on cars abroad if worse EU trade terms * McLaren Automotive says full tariff would cut sales share in EU * Government eyes U.S. trade deal, says it would boost sector (Adds details, quotes) By Costas Pitas LONDON, March 4 (Reuters) - Luxury carmaker Bentley said free trad ...

Fallout Accelerates

Overview: The dramatic response by investors to Covid-19 continues unabated and worse. The slide is accelerating. The S&P 500 posted a 4.4% loss yesterday, its worst session since 2011, and the sell-off is continuing. Many markets in Asia Pacific, including Japan, China, Korea, Australia, Indi ...