Wharton’s Jeremy Siegel accuses Fed of making one of the biggest policy mistakes in its 110-year history

Wharton’s Jeremy Siegel accuses Fed of making one of the biggest policy mistakes in its 110-year history

““I think we’re giving Powell too much praise. … The last two years are one of the biggest policy mistakes in the 110-year history of the Fed by staying so easy when everything was booming.”” —Jeremy Siegel Wharton professor Jeremy Siegel has a bone to pick with Federal Reserve Chair Jerome Powell. The longtime market … Read more

Growling Powell causes Goldman to cut its S&P 500 price target. Again.

Growling Powell causes Goldman to cut its S&P 500 price target.  Again.

During the height of the bull market – which, boy, seems so long ago – the call-option crazy punters inhabiting the Wallstreetbets channel had a favorite meme to explain why stocks would keep going higher. “Money Printer Go Brrr” featured a Rambo-esque Jay Powell, chair of the Federal Reserve, determinedly firing out greenbacks to whoever … Read more

New York Empire State factory gauge plunges in August deep into contraction territory

New York Empire State factory gauge plunges in August deep into contraction territory

The numbers: The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, plummeted 42.4 points to negative 31.3 in August, the regional Fed bank said Monday. This is the second largest monthly decline on record and among the lowest levels in the survey’s history, the regional Fed bank … Read more

Technology vs. Scarcity: The Worrying Reality Of Exponential Growth

Technology vs. Scarcity: The Worrying Reality Of Exponential Growth

Half of all the oil consumed since the dawn of the modern oil age in 1859 has been consumed from 1998 through 2021 inclusive based on data available from the BP Statistical Review of World Energy. Approximately 1.4 trillion barrels of oil are thought to have been consumed to date (though there are estimates as … Read more

Hanover taking action to stop wastewater offenders in municipality

Hanover taking action to stop wastewater offenders in municipality

The RM of Hanover is again urging its residents to ensure their weeping tile water is disconnected from municipal sewer lines. When heavy rains deluged the municipality in late April, Hanover’s Manager of Engineering and Utilities kindly asked residents to reduce their wastewater if at all possible. What Rob Driedger was referring to, is limiting … Read more

Here’s what Goldman Sachs sees as the next big there-is-no-alternative-trade

Here’s what Goldman Sachs sees as the next big there-is-no-alternative-trade

The last trading day of May is being marked by weakness in stocks and surging crude prices, climbing after the EU hammered out a partial ban on Russian oil imports after that country’s invasion of Ukraine four months ago. That brings us to our call of the day from Goldman Sachs, who sees a budding … Read more

Voluntary evacuations happening in RM of Dufferin as overland flooding continues

Voluntary evacuations happening in RM of Dufferin as overland flooding continues

Overland flooding continues in the RM of Dufferin, and in its latest update released Sunday afternoon, officials have indicated numerous residents have elected to voluntarily evacuate. “Please stay where you are unless it is absolutely necessary for you to leave your home,” stated the news release to PembinaValleyOnlione. “There are numerous vehicles using the limited … Read more

Snowy, slushy and icy conditions to start the week with possibly more to come

Snowy, slushy and icy conditions to start the week with possibly more to come

The Pembina and western Red River Valley are waking up Monday to yet another snowy, icy and slushy mess to contend with after 10 to 15 cm’s of snow fell throughout Easter Sunday. Periods of light snow are expected to end Monday morning, with sunshine returning by early afternoon. “Many of these areas received between … Read more

Clean up continues on Good Friday after Spring storm

Clean up continues on Good Friday after Spring storm

Clean up continues from this week’s major Spring storm. “The lingering effects of the powerful Colorado low that hit us will still be felt today,” noted CMOS Accredited Weathercaster Chris Sumner. “The low is currently centered over Northern Ontario, but the cloud cover and flurries associated with its counterclockwise rotation extend all the way eastward … Read more

“Potential to be worst blizzard in decades” as Winter Storm Watch issued

“Potential to be worst blizzard in decades” as Winter Storm Watch issued

“As we continue to see the details around this storm firm up, and the track of the Colorado low becomes more certain, it’s increasingly looking likely this will be a major, and potentially record setting, Spring snowstorm that may even eclipse the impacts of the Thanksgiving 2019 event which led to widespread power outages and … Read more