Mike's Daily Comment
On one level it was about fake news, the mainstream media, FBI gross incompetence or worse and nasty politics. But the big picture is far more important. It’s the latest episode driving the decline in confidence in government.
Mike’s still laughing that our elites are appalled at the prospect of Brexit in the aftermath of the UK election. Martin Straith drops by with a big warning for investors. Plus a shocking stat you don’t want to miss with the latest on the biggest financial story of the year – but still no one’s talking about it.
With news of a partial deal in the US, China trade dispute investors, central bankers and US consumers will heave a sigh of relief but I hope not before the rest of us grasp the huge cost of tariffs to individuals and business.
Only the most naive think so. That’s because there are three levels of government and already the just announced federal income tax reductions are more than eaten up by municipal and provincial tax increases.
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60 Days Out and Oops The Deficit Is Billions Higher
Posted by Michael Campbell
on Tuesday, 17 December 2019 9:33
And it’s not because of the economy. An extra $6 billion plus in borrowing this year, an extra $35 billion in debt to 2023 on top of over $90 billion in deficits promises – all without any of the new campaign promises factored in.