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A Framework That Provides Clarity

During periods of “low visibility,” confusion reigns: for every indication of one trend, there seems to be a countertrend. The key is to glean from the collective wisdom of reliable leading indicators a clear signal that the economy is headed for a turn.

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Mar 19 2013

Carney Leaving Bank of Canada Constrained

Over the past several months, the Bank of Canada has grappled with a stated desire to increase rates, yet repeatedly, economic growth has disappointed.

ECRI’s latest study reveals an additional underlying challenge that Canadian policymakers are wrestling with. As the Bank of Canada’s Mark Carney heads across the pond to head the Bank of England, amid rumblings of a shift in their policy goals towards nominal GDP targeting, significant monetary policy constraints may be left for Canada in the wake of his departure.

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Stock Prices and Recessions

CBS March 18, 2013

When people say that we cannot be in recession now because stock prices are rising, it is important to know that we have seen this movie before. More