In keeping with the green shoot theme that investors are obsessed with these days we present you these green shoots courtesy of Gluskin Sheff:
These YoY numbers, as of last week, hardly paint the picture of an imminent
• Raw steel production (-47.3%)
• Lumber production (-32.6%)
• Railway traffic (-20.1%)
• Electrical output (-12.9%)
The white collar banking economy appears to be stabilizing thanks to the Federal Reserve’s rescue mission, however, the blue collar real economy is as weak as it ever was.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.