West Dickens Report

The BCSC says that you should not rely on the West Dickens report. Well, DUH! The mine had only been in operation for the last four or five years.

But this actually reflects badly on me, because it's a crackpot lunacy to expect the BCSC to swoop in and regulate affairs, especially those in another province.

Saskatchewan has signed up for the national regulator, meaning there aught to be jurisdictional issues.

via Gulf Times - Eastern European Banks Face Political Pressure

The surprising thing about the Eastern European housing bubble collapse is that people did not overextend themselves with loans. Of course, you would not be able to renegotiate your Swiss Franc loan with negative rates. The rates that are available to you if you live in eastern europe are government bond rates in the local currency.

Little wonder then that politicians are looking over the fence at the Euro as political expedient.

http://bit.ly/1czDpFr

via Financial Post - NDP Upset Election

The company has just been handed another marvellous opportunity to demonstrate its worth, now that the oil patch is no longer an investment option. My guess is that additional royalties levied in Alberta will not be tax deductible against federal tax returns, as they were in the '70's. (See link library for archived links.)

It's going to dawn on people that there's a conservative gub'mint in Sask.

http://bit.ly/1F5xKS2

via Market Anthropology - Macro Musings

It's not always a given that should the $U.S. decline, then oil prices must rise. That oil as a commodity is held up as a store of value was the previous thesis of a long-since terminated bull market. Commodities prices may hold up some, but if the dollar declines due to an historic change in interest rates, then you could get a decline in commodities and the dollar concommittantly.

It may be that inflation will turn out to be very similar to published rates, though this has been much reviled.

http://www.marketanthropology.com/2015/05/macro-market-musings-for-may.html

$TNX:!PRII Weekly

Though you should rely on the monthly chart for this particular measurement of interest rates vs. inflation, we've had a bit of snatching defeat from the jaws of victory this week, opening up a buying opportunity before the close of the week.

http://schrts.co/owsIfs

- F6