No province has ever cut healthcare or reduced healthcare spending. No Federal Government, whether under Steven Harper or Justin Trudeau or any other Prime Minister has ever cut the cash sent to the provinces for healthcare – but that doesn’t stop politicos from saying they have.
The US treasury yield curve, as represented by the spread between the 10-year and two-year bond yields, is currently the flattest since December 2018.
As of writing, the spread is seen at 0.097 basis points – down more than 17 basis points from the high of 27.5 basis points seen on July 18.
Notably, the benchmark 10-year yield, which stood at 2% on July 31, fell to 1.59% on Wednesday and is now trading at 1.70%, meaning the yield is down 30 basis points on a month-to-date basis.
Investors have rushed for the safety of government bonds amid escalating US-China trade tensions….CLICK for complete article
China’s recent currency devaluation seems in line with similar policies taking place across the globe. Let’s take a look why Bitcoin price is rising as a result and why investors are increasingly considering taking shelter in Bitcoin — a neutral and borderless network for storing and transferring value — alongside traditional safe haven assets.
Every fiat currency is devaluing itself on purpose.
As the U.S. and other countries attempt to bolster economic growth through rate cuts, investors are beginning to flock to gold, cash, government bonds and increasingly Bitcoin as a hedge, according to economist, Raoul Pal….CLICK for complete article
A major part of China’s response to the latest tariff threats by President Donald Trump was to reduce the value of its currency to its lowest level relative to the dollar of the past decade. Trump fired back by having the Treasury Department officially name China a “currency manipulator.”
Markets have been reeling over the past week due to the ramping of the trade war between the U.S. and China.
While much of the focus has been on the tariffs, here’s a look at the impact a devalued yuan could have on the U.S. and Chinese economies….CLICK for complete article
Quote of the Week – One of The Best Quotes I’ve Read In a Long Time
So what’s missing from our public debates – including the one raging right now over the banning of UBC and The Vancouver Public Library? One of the most respected gay rights advocates answers the question.
Shocking Stat – Your Test Question, Especially if You’re Concerned Abut CO2 Emissions
Okay, which produces more CO2 emissions – online porn or the Alberta oil sands? Message to climate alarmists – it’s not close.
Goofy Award – The Climate Hypocrites Are Back
The A-list is at it again. This time in Sicily – 114 private jets needed to get to the island to solve the Climate emergency at the Google fest. What a joke.
There is no better time than the calm days of August to reflect on the future, and your financial plans are an important part of that future. As a special service for MoneyTalks listeners Andrew and the team at Integrated Wealth Management has created an easy to use online Financial Health Assessment that can be completed in 10 minutes. You’ll receive an automated report that includes:
- An overall Financial Health score
- Clarity on where you stand financially
- Ideas on how to improve your portfolio
CLICK HERE to start this free and confidential tool. ~ Ed