Featured Article

The $13,200 Wood Chipper Gets Our Attention but $161,000 for a Vanity Photographer Doesn’t

Posted by Michael Campbell

on Saturday, 16 March 2019 10:23

Sure spending a $1000 on a whale watching cruise and calling a tsunami awareness exercise is outrageous but why the lack of outrage over equally absurd and questionable spending of our tax dollars?

The Most Splendid Housing Bubbles in Canada Deflate

Posted by Wolf Richter

on Friday, 15 March 2019 9:59

Canadian housing markets are in a category of their own. No housing market in the US – no matter how crazy Housing Bubble 1 was, which began to implode in 2006, or how crazy Housing Bubble 2 is or was – can hold a candle to the most splendid housing bubbles in Canada. Instead of a Financial Crisis and a mortgage crisis and Housing Bust 1, the bubbliest Canadian markets only had a little-bitty dip, and within months were back on track to what would be an 18-year housing boom that is now coming undone…Click here for full article.

Why Canada’s Stock Market is Killing Your Returns (and What to Do About It)?

Posted by Ryan Irvine

on Thursday, 14 March 2019 15:58

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Is Now The Right Time To Invest In Gold?

Posted by Michael Kern

on Tuesday, 12 March 2019 14:07

Bullish news is mounting for gold as the world’s central banks spark a surge in demand for the precious metal.

The People’s Bank of China boosted its gold reserves for a 3rd straight month in February, bringing overall holdings to 1,874 tonnes, or 60.26 million ounces. The move is part of China’s technique to move away from the U.S. dollar.

According to the central bank, it has added about 32 tons of the precious metal to its coffers in the last three months, purchasing some 10 tons in February.

The Reserve Bank of India, too, is boosting its gold …Click here for full article.

Time’s Running Out for World’s Most Indebted Oil Company

Posted by Don Quijones

on Monday, 11 March 2019 14:13

The financial pains and strains continue to grow for the world’s most indebted oil company, Petroleos de Mexico (Pemex). Standard & Poor’s became the latest in a succession of rating agencies to downgrade the company. Pemex is state-owned. So S&P has two credit ratings for the company: One, as if it were a stand-alone company; and one for the company as part of the Mexican state.

S&P slashed its stand-alone rating of Pemex three notches to ‘B-‘ from ‘BB-‘ on growing worries…Click here for full article.