
Are Markets Finally Pricing In An Economic Downturn?
The Loonie Hour
00:00
Is There Flexibility in the System?
Cape capital expenditure relative to either sales, total assets is at ten 15 year low. In canada, your cape spend on mining and materials is like less than one per centage nominal g d p. That's a low that's not been seen since 19 93. And then there's inventories, which are very, very low. Steve: We kind of take it for granted. I think em one thing i think we don't talk about enough is the the sanctions in russia, and how basically that's just going to absolutely destroy europe.
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