Mike's Daily Comment

BC Premier Demands Independent Inquiry Into His Own Policy Goals

Okay, that’s a weird one. It’s the stated goal of the BC NDP/Green government to push gas prices high enough to discourage driving. With Greater Vancouver having the highest gas taxes in North America, they’ve got their wish but now the government wants an independent inquiry into high gas prices.

$100 Billion in Economic Activity Lost

Opponents of Kinder Morgan or the Coastal Gaslink and the Kinder Morgan expansion don’t care if the economy loses $100 billion or a $10 trillion or how much government revenues suffer in derailing the oil and gas industry – but the rest of us should.

E-Vehicle Demand

Volkswagen, General Motors, and other major auto manufacturers are hoping to produce millions of new electric vehicles.

Let’s cut the BS. We can’t have it both ways.  If climate change is a problem then record high gas prices can’t be.  If big new government programs and higher salaries and benefits are the goal then high gas prices can’t be a problem.

Federal Reserve Interest Rates

Misguided economic policies, and playing a game of “chicken” with regard to trade negotiations between the US and China.

Banks Are Doubling Down On Risky Credit Card Debt

As each of the seven largest credit-card issuers in the US reported a troubling jump in default rates to levels not seen in the better part of a decade, we noted last week that relaxed lending standards combined with ‘Non-GAAP’ FICO scores suggest that the American consumer is in far worse shape than many had realized – which could seriously threaten stability during the next recession (if the Fed ever allows one to happen)….CLICK for complete article