Overview
In my article Harbingers of doom, I outlined the many macro-economic signals that are currently sounding the alarm for “smart money” investors. These include but are not limited to; the inverted yield curve, the downward trend in the Purchasing Managers Index in many Western countries and the negative yields for safe haven bonds. An idea pooh poohed by many readers was my suggestion that Canadian banks were ripe for shorting due to the local factors at play in Canada. In this article I will double down on this proposition and provide further evidence