Dismantling the old saw that it can’t happen in Canada.
As so many times, Private Equity firms are in the thick of it.
No one knows the full magnitude, but it’s huge.
The asset class of Beautiful Machines heads south.
The American economy has split in two: how averages of wealth and debt obscure the profound risks.
On Good Friday, when no one was supposed to pay attention.
Sales down 80% from peak. Where the heck’s the Foreign Money?
In fact, it’s not “inexplicable” at all.
If history is the guide, you’re on your own.
But don’t blame the oil bust.