Canada’s full-time job creation flattened over the past three months, along with a contracting workweek, and an unemployment rate at 6.8% in December, up from 6.5% in November. The Bank of Canada’s ...

The premium for new over existing US homes has fallen to zero for the first time in at least a decade (shown below since 2015, courtesy of John Burns Research). A downtrend in new-home prices ...

With an extra 94 gigawatts forecast to be needed by 2030 to power all these data centers, energy investment has become a hot play as investors take a “picks and shovels” approach. But one long-time ...

The investor emotional cycle has not been repealed, and we now have emojis to help express it.

The content of this discussion is clear-eyed and important. Each of us must decide how to allocate our savings given the circumstances we are living through. Mindless following can appear to be ...

Far-reaching, worthwhile discussion in this segment.

Housing mean reversion is hurting jobs and economic activity. Home markets are floundering in many US cities, too.

Financial markets have already become so complex and algorithm-driven that even trained experts are struggling to comprehend the moving parts. The timeless adage that we should only invest in what we ...

In June 2022, Canada’s Cullen Commission concluded that weak oversight of casinos in British Columbia enabled widespread money laundering by organized crime, with clear links to broader financial ...

Our month-end letter for January discusses the links between private equity, private credit and elevated financial risks for the rest of us. The segment below offers a primer. Opacity and complexity ...

We receive a pretty steady stream of inquiries each year from people who hear Danielle speak, read her writings, find their way to this blog and then wonder if we offer asset management services. The ...