Independent thinking for complex markets and current events
🚨BREAKING: 🇨🇦 Big Six banks are hoarding loan-loss reserves and watching lending grind to a halt under the chokehold of Trump’s trade war. pic.twitter.com/bD2RsiVgeA — Shazi (@ShaziGoalie) May 21, 2025 Canada’s Big Six banks are tightening their grip on loan-loss reserves, bracing for economic uncertainty as Trump’s trade policies send shockwaves through financial markets. The …
by Mike Shedlock “Buy America” sounds great. But it’s costly and about to rise steeply. ‘Buy American’ Policies Don’t Help Americans Bloomberg columnist Tyler Cowen says ‘Buy American’ Policies Don’t Help Americans “Buy American” sounds like such a good idea. The phrase itself evokes the benefits of commerce, and of America selling things, while renewed interest …
The European Commission has bent the knee to protesting farmers – and is dropping key passages in a proposal for a new 2040 goal aimed at cutting greenhouse gas pollution. According to the EU exeuctive’s plan, “all sectors” need to now contribute to the effort – but the previously mandated 30% cut to agricultural production …