Canadian Finance, Economics and Fiscal Analysis
It is very obvious that there was a forced liquidation at the beginning of today’s market session and also parts of the morning. There are some securities out there that were clearly force-sold at the bid. Unfortunately when I am scouring the entrails of this market vomiting, I still don’t see anything terribly compelling that … Continue reading “Plunge in the markets”
While I have been losing a small amount of money on Yellow Media’s preferred shares jaunt to zero, fortunately I have steered far away from Petrobakken (TSX: PBN) which I have written here many times before. They will not have an easy time renewing their credit facility which expires on June 3, 2012. The debtors … Continue reading “Petrobakken – plunging down”
Today in finance we have 30-year government bond yields the highest they’ve been in a long time (early 2011 to be precise): This yield is a fundamental variable in a lot of risk-free calculations out there. The higher that yield goes, the lower the capitalized asset prices go! After all, if the US Government is … Continue reading “World is choking on US government debt”
I keep having this amusing thought in my mind, “Everybody wants to become a day trader”. I noted this especially during the Covid-19 era which gave the lesson to a whole cohort of individuals that the way to riches was picking off Gamestop (NYSE: GME) and YOLO-ing to millions. Since then, there has been many … Continue reading “The “everybody wants to be a day trader” society”
For those not familiar with the noun scrip, look at the Wikipedia article. Historically scrip was issued by large companies to physically remote workers, for usage in their own facilities. The Hudson’s Bay Company was a classic example of this. In some cases, company scrip was nearly as good as money. Today in our 21st … Continue reading “The perils of using scrip and central bank digital currencies”