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Yesterday I retweeted an interesting tweet by Business Insider’s Henry Blodget which references an article on data compiled by Barclays on profit mean reversion and recession. The gist of the article is that a profits recession generally…

Today, we got a pretty shaky US jobs report. Non-Farm Payrolls were up only 142,000, well below the 190-203,000 range of median expectations I have seen quoted. But the previous month was also revised down to 136,000 from 173,000 and July…

I have been meaning to write this post for a few days. And as the information comes in from Brazil, from China, from equity markets, it seems all the more compelling that this is indeed an important period in market and economic history. I…

Now that the Greek crisis has died down, we can return to surveying the global economy for clues as to whether global growth will continue unabated. My sense right now is that the major theme to watch remains policy divergence, with the US…

The US economy’s upswing over the last six years has been predicated on credit like the cycle before it because wage growth has been lacklustre. I want to describe where credit activity has created a lift in consumer spending and in capital…

I don’t think we got any new information from the economy or the Fed yesterday. While the GDP report was below expectations, it was exactly where the Atlanta Fed said it would be. And the Fed has not altered its stance. It is prepared to…

The question of whether markets are prepared for the default of such a large debtor is a good one to ask in thinking about tail risk as the situation at Petrobras encapsulates the intersection of emerging market US dollar corporate debt,…

A number of stories over the past week that I don’t have a full analysis for are interesting enough that I want to mention them in a potpourri post of market news. I don’t have a view on all of these stories but I do think these are some of…

Finally, Greece is off the table as the big topic. So I have a few topics I want to cover and am going to put them altogether below. Let’s start with the U.S.

Just following up on yesterday’s post, I want to go into further detail regarding two situations in Europe and pivot to a Canadian-centric look at North America. ALl of these threads won’t tie together but I will see what I can do to bring…