Because investing is ultimately the practice of making reasonable tradeoffs between risk and return, having an accurate measure of both is a critical
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Because investing is ultimately the practice of making reasonable tradeoffs between risk and return, having an accurate measure of both is a critical
Continue readingMost investors intuitively recognize the benefit of purchasing distressed assets “on-sale” when markets periodically correct, yet very few actually hold the cash required
Continue readingABSTRACT This paper provides a general understanding of the process by which the Bank of Canada (BoC) creates money through large scale asset
Continue readingGiven the recent unprecedented actions taken by both the Government of Canada and the Bank of Canada in response to the pandemic, it
Continue readingAs regular readers are no doubt aware, I’ve often argued against the notion that QE operations conducted by the Bank of Canada are
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