Credit Suisse Valuation Plummets to 2008 Levels: Is The Investment Bank About To Go Bankrupt?
While markets and economists are fixated on surging energy prices, the British pound meltdown, and the escalating conflict between Russia and Ukraine, one of the biggest investment banks is barreling straight towards a Lehman Brothers repeat, with a collapsing valuation and credit default insurance levels nearing those of the 2008 era. Over the weekend, social […]
OECD Anticipates Bank Of Canada Raising Rates As High As 4.5% By 2024
The Organisation for Economic Co-operation and Development (OECD) provided their economic outlook in September, with the interim report titled “Paying the Price of War,” where they suggest that multiple economies have seen their growth stalled and will likely see an “extended period of subdued growth.” The OECD notes that prior to Russia’s “unprovoked, unjustifiable and […]
First Phosphate: A Quebec Explorer Focused On The LFP Battery Opportunity
First Phosphate Corp. Is a privately-held junior exploration focused on developing its Lac à l’Orignal phosphate project in the Province of Quebec. The company holds a massive 1,500 square kilometre land position located 145 kilometres north of Saguenay, Quebec. The area boasts a deep sea port, the Saguenay-Bagotville Airport, power infrastructure, and an excellent road network […]
Germany Unveils Plan To Cap Energy Prices Making Battling Inflation Tougher
Germany joined the UK in bowing to populist pressure to do “something” to relieve the inflationary pressure on its people. On Thursday, Germany unveiled plans to cap the prices of natural gas and electricity up to a certain level of consumption, although precise details on the mechanism were not revealed. The cost of this assistance is […]
Sabotage!? The Nord Stream Russian Bubble Theory
Four sudden leaks in a double-barrelled undersea gas pipeline running from Russia to Germany, and associated seismic readings from nearby Sweden, Norway, and Finland indicative of undersea explosions September 26th had authorities and headline writers speculating almost immediately that the resulting leaks and apparent disabling of the Nord Stream 1 and Nord Stream 2 pipelines […]
Trump Wants To End The War In Ukraine, Offers To Lead Peace Settlement Negotiations
On Truth Social on Wednesday, Donald Trump offered to “head up a group” to help negotiate a peace settlement as tensions escalate after leaks were discovered in the Nord Stream pipelines, as “the entire world is at stake.” On Monday, the Swedish Maritime Administration confirmed leaks in the Nord Stream 1 and 2 pipelines. The […]
Is The Copper-Gold Ratio Pointing To A Market Rally?
Fed Chairman Powell’s late August speech in which he reiterated plans to continue raising interest rates to combat inflation, coupled with the mid-September release of hotter-than-expected August U.S. Consumer Price Index data, have turned investor sentiment decidedly sou. Indeed, Bank of America’s strategist Michael Hartnett says that investors are increasingly turning to cash and that overall […]
Only Xi Jin Ping’s Government Can Save China’s Property Market
China’s property market is in the midst of a total collapse in confidence — and it looks like only the government can save it. And it’s going to be much more than the 200 billion yuan they pledged this week. Rating agency S&P puts the figure needed to rescue the market at 700 to 800 […]
Companies Are Still Talking About Quiet Quitting, Should CEOs Be Worried?
Quiet quitting is the notion where workers do only the work that they are paid for and expect to be paid for the work they do — setting clearer boundaries between work and life, and finding fulfillment elsewhere, in more meaningful pursuits. For workers, it’s a new phenomenon, a mantra to live by (or work […]
Mindmed: Canaccord Calls Financing “Puzzling And Unusual”
This past week Mind Medicine Inc. (NEO: MMED) announced that they would be doing a public offering of 7,058,823 units containing a common share and one warrant. They say the total gross proceeds are expected to be approximately $30 million. The stock subsequently dropped 35% as the deal was issued at a 31% discount to […]