It Satisfies Their Inner Drama Queen
08/20/2020 6:28 AMEven when the government is getting rid of the Finance Minister, economics and finance take a back seat to the political drama and...
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‘A tale told by an idiot’
08/20/2020 6:15 AM‘The S&P’s new highs are a tale told by an idiot, full of sound and fury, signifying nothing about the hardship of millions of people on food stamps, or the millions about to be fired from service jobs, or the homeless, or the people who are just huddled at home...
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The United States today not only looks ill, but dead broke.
08/20/2020 6:08 AMLike in World War II, the United States is piling on debt to confront a whole-of-society crisis, raising the question of who will foot the bill in the long term. But, unlike the post-war era, the underlying conditions for robust economic recovery today are less than...
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Shoulda Coulda Woulda
08/19/2020 12:26 PMIn April of 1997 Apple was near bankruptcy and shares traded as low as $0.49. On August 2, 2018 it became the first company to be valued at $1 trillion. At $467.55 a share Apple now valued at $2 trillion.
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Bullish Sentiment Is Building In Oil Markets
08/19/2020 7:55 AMOil prices rose to a five-month high this week on hopes that the economy is reviving. New coronavirus cases have fallen back in previously hard-hit states such as Florida and Arizona. At the same time, the U.S. shale industry is not rebounding, adding to bullish...
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The Orchestrated Morneau Narrative
08/19/2020 7:28 AMEconomics takes a back seat to politics- even in a historic downturn. Does the Morneau resignation signal higher taxes? What is the difference between Jane Philpot and Chrystia...
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Earnings season is now a ‘game’ where no one keeps score. The media cheers, and everyone gets a ‘participation trophy’ just for showing up.”
08/18/2020 9:56 AMWith the second quarter of the 2020 reporting season mostly behind us, and with markets testing “all-time” highs, do earnings support the bullish thesis? Such is the fundamental question surrounding the debate over the record deviation...
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Gold: The Correction Is Over, Buying Opportunity Remains
08/18/2020 6:36 AMWe had an atypically volatile move in gold last. However, we see gold is moving higher once again, and is now trading decisively above $2,000 resistance. We also see a constructive upward trajectory developing here in gold as well. The unexpected release of a largely...
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The Morneau Resignation Saga
08/18/2020 6:19 AMThanks for the laughs - resigned because he was Mr Austerity... haha. Good one. Oh sure, he had to step down because of the remote chance to head the OECD - too hard to resist. No...
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Warren Buffett undergoes a conversion on gold — should you follow him?
08/18/2020 6:11 AMDid Warren Buffett just bet against the U.S. economy? His latest investment raises questions. Buffett deserves credit for shifting his stance to the new reality as a result of the irrational policies of massive borrowing and money printing by U.S. leaders. Berkshire...
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