Technical: Turkey Is In The Oven

Key Points: • Major U.S. dollar bull markets and Fed rate-hiking cycles usually cause serious problems for emerging markets. • Turkey is mired in crisis that is largely of its own making. However, a number of emerging market economies have similar problems and are vulnerable to spillover effects. • Developments thus far are not that … Continue reading Technical: Turkey Is In The Oven

Technical: Quitaly? More Likely Than Most are Willing to Acknowledge

Analysis: •       The long period of greater European integration dating back to 1950 is being challenged by Brexit and the recent election of a populist Euro-sceptic coalition government in Italy. •       Italy has been at the heart of the so-called European Project since the beginning. However, its poor economic performance since joining the euro on January 1, … Continue reading Technical: Quitaly? More Likely Than Most are Willing to Acknowledge

Technical: Automotive Industry and Trade

• Auto manufacturing makes up about 1% of Canadian gross domestic product (GDP) but is significantly higher when downstream industries included. • Direct industry employment is about 130K; direct and indirect jobs estimated around 500K or 2.7% of Canada’s total employment of 18.6 million in May 2018. • Canada would get hit hard by a … Continue reading Technical: Automotive Industry and Trade