I received undergraduate and graduate degrees in economics and finance from the University of California, Los Angeles, 1968. My professional expertise is in macro-economics; currency and trade strategies; interest rates and yield curve analysis and fixed income strategies. For the past two decades ...
more I received undergraduate and graduate degrees in economics and finance from the University of California, Los Angeles, 1968. My professional expertise is in macro-economics; currency and trade strategies; interest rates and yield curve analysis and fixed income strategies. For the past two decades I advised an independent brokerage firm on capital markets, and yield curve analysis and portfolio management. Prior to that, I worked as senior consultant, with Peat Marwick and Partners (PMP) and A.R.A Consultants, responsible for projects in infrastructure, industrial strategy and public finance. From 1972 to 1980, I was Director of Research at C.D. Howe Institute, overseeing research in Canada-US trade, currency developments, and Canadian monetary policies.
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Latest Comments
Trump May Be Wrong About Winning A Trade War
Canada is the biggest importer, not China, of US agricultural exports which are now in jeopardy. This is why Trump is having so much trouble with NAFTA. His supporters in the heartland are going to lose their largest customer. Canada is playing Trump perfectly by hitting at his weakness--- his voters in the heartland.
What Is Holding Down Long-Term Interest Rates?
I think you are right. Pension funds need that locked yield and swoop down to buy when yields go up,even a few bps.
Government Regulations And The Bond Market Intersect To Change The Canadian Mortgage Market
Real estate agents and mortgage brokers tell me the mortgage market is dysfunctional because of these cross currents.
Canada Is Unable To Participate In The Recent Surge In Oil Prices
Investment never recovered fully from the double hit of the financial crisis of 08 and the collapse of oil prices in 014. The entire trajectory of growth fundamentally shifted down.
Canadian Monetary Policy: Caught Between A Rock And A Hard Place
It will not happen.Toronto takes in 100,000 immigrants each and evey year. That translate into 40,000 new housing units a year. That is on top of the existing population growth of at about 10,000.
There is a hi using shortage in most locals. We only build 35000 units a year.
Canadian Monetary Policy: Caught Between A Rock And A Hard Place
Will Rogers may have been on to something. The banks in Canada started to raise mortgages rates to discourage borrowing. They feel too exposed. Also, the Federal government introduced tighter mortgage lending rules, so more buyers are being denied conventional mortgages. Yet, single-family home prices have not dropped much and condo prices are up 15% y/y.
Demand is so strong.
The FOMC Asks Our Indulgence In A Leap Of Faith
I know that. So why the constant reference to the 2 per cent target.? They should come clean.
Defying Economic Rationale, The U.S. Dollar Continues To Slide
A set of very destructive policies all combining at the same time
Is Canadian Household Debt Really At Risk?
Good point on commodities
Unstoppable Demographic Forces Will Keep Bond Yields Low For Years
The savings glut keeps the US afloat
It funds the Federal govt and funds the over consumption that shows up in trade deficit