The latest Monetary Policy Report from the Bank of Canada states that the Canadian economy is projected to grow in 2010.The real GDP is projected to grow by 2.5% in 2010 and 4.7% in 2011.This year though the GDP will fall by 3.0%. Some of the key point from the report are: Recession in Canada …
Obama effect bad for gold, good for dollar Industry on road to recovery; growth nearing last year’s high Why is the European automobile industry so important? Floating wind turbine launched False dawn Consumer Credit Plunges v2
The following are two charts showing New Zealand banks’ Asset quality and the ratio of public debt as a percentage of GDP. The big 4 banks delinquent by 90 days loans is less than 0.5% of total loans. New Zealand has a very low outstanding public debt of about 20% of GDP. New Zealand Banks …
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The three big rating agencies Standard and Poors (S&P), Fitch and Moody’s have been been under fire lately for their role as one of the main enabler of the credit crisis. Many of the derivative products such as the MBS were assigned the AAA rating by these agencies when in fact the underlying mortgages for …
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1.Europe’s largest economy is expected to shrink by 6.2 percent in 2009 according to the Bundesbank, Germany’s central bank.Bundesbank: German economy will stagnate through 2010 2.With the panic subsiding fast, Brazil’s equity markets have staged an astonishing turnaround allowing canny investment banks to find their feet in the country again. Writer John Rumsey – Back …
Continue reading ‘Knowledge is Power: Bank Profits Getting Fat? Edition’ »