One Aspect of the We Charity Fiasco That Can’t Be Ignored
07/14/2020 6:55 AMThe Kielburgers admit that the We Charity wrongly paid out thousands in speaking fees to Margaret Trudeau - but what charity pays out tens of thousands with no questions...for 4 years. (Note: Please share this comment on Facebook and Twitter. If you know someone who...
read moreWhat Happened Yesterday?
07/14/2020 5:56 AMJoining the dots (and dashes) Yesterday saw swings in the markets, some key stocks in the US in particular, and equal swings in our underlying backdrop. Let’s try and join them into a coherent whole. From the dots side we need to start with the plotters at the Fed....
read more“There seems to be something wrong with our stock markets…”
07/14/2020 5:40 AMA few weeks ago I was sucked into the positive vibe of surprisingly strong economic numbers and a sense the virus was diminishing. I was expecting stocks to have hit new record levels in June. For a moment on Monday, it felt like they did as the S&P turned briefly...
read moreIt’s a textbook beginning to a foreseeable end
07/13/2020 11:03 AMTrust is a fickle thing. It’s there until it isn’t. This is especially true with paper currencies. Their value is based on trust that the sovereign issuer will act faithfully and responsibly. The standards for a reserve currency are even higher given their status in...
read moreQ1 Crash Was A Dress Rehearsal
07/13/2020 10:24 AMIn this week's Big Fat Idea segment Andrew Ruhland, president of Integrated Wealth Management in Calgary, joined Mike to share how he is helping his clients to prepare for a possible big downside market move in the coming months. Preparing for lower real estate...
read moreQuote of the Week & Shocking Stat
07/13/2020 10:01 AMQuote of the week Salman Rushdie, JK Rowling and Noam Chomsky joined 147 other notable warning about the cancel culture only to be attacked by the mob. Shocking Stat If you want a market crash - Joe Biden's got the...
read moreInterest Rates Can’t Rise EVER Again
07/13/2020 7:25 AMSince the onset of the pandemic, the Fed has entered into the most aggressive monetary campaign. Its goal was to bolster asset markets to restore confidence in the financial system. However, the trap is the Fed is in a position where they can never stop QE as...
read moreBet You Don’t Know How Much The Feds Are Borrowing This Year
07/13/2020 6:54 AMThe federal government isn't paying back even a cent of the debt. We'll pay the borrowing costs but whose problem is it when it matures and needs to be financed? (Note: Please share this comment on Facebook and Twitter. If you know someone who would enjoy listening...
read moreBrace yourself. Major companies are getting ready to release their second quarter earnings
07/13/2020 5:17 AMWith futures flat for much of the overnight session, markets needed that extra oomph to start the week and push them above a key psychological level, and they got that after news that Pfizer and German biotech BioNTech SE were granted fast track designation by the...
read moreGoofy Award – July 11th
07/11/2020 3:25 PMCan't you just hear Brittany Spears "oops, I did it again" echoing throughout Ottawa.
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