Category Archives: Economics & Fundamentals

Central Banks Suffer from Recency Bias – Do You?

Last week, Bank of Canada Governor Stephen Poloz flipped on his recent bias that the Canadian economy was strengthening – though he does expect a second-half bounce back from the Fort McMurray wildfires. “Recency bias” is a psychological phenomenon where people overweight more recent events

Goldilocks and the FED’s Interest Rate Conundrum

Janet Yellen will spin her Fedspeak on Aug. 26 at the annual Jackson Hole conference. Investors worldwide will scour the text for hints at what the future holds. In the past, Federal Open Market Committee (FOMC, a.k.a. Federal Open Mouth Committee) bosses have used the