Mike's Daily Comment
The new mortgage rules put in place by the Federal Government have the potential to cripple the real estate industry Canada wide. The timing couldn’t be worse as BC’s new tax has triggered a serious slowdown in Vancouver real estate.
In business and investing mistakes cost money. Not so in the political realm where so often mistakes are buried, denied, laughed at, or repeated. There is no incentive to avoid mistakes in politics, since there is so rarely a cost.
Michael’s weekend editorial: They’re Making a Big Mistake on Climate Policy
Big government with its economic intervention, excessive regulation and higher taxes still has a plethora of ardent supporters screaming for more. Despite that no matter where one looks there isn’t an example where that economic model is working. Instead you see massive pension deficits, rising unemployment & social problems.
Michael Campbell’s Mid-Week Update: Election Chaos & Impending Volatility
Record low-interest rates and the Fed’s QE was supposed to help regular folks. What it has turned into is “the greatest backdoor Wall-Street bailout of all-time”. The growth in the number of disenfranchised has exploded. Its a long list. Over 90% of Americans haven’t benefited from the Fed’s actions.
Take a look at Tyler Bolhorn’s: Simple Rules of Chart Analysis
Always The Last To Know
Posted by Michael Campbell
on Wednesday, 5 October 2016 13:49
The Federal Governments attempt to cool real estate markets when the IMF became the latest to downgrade Canada’s growth prospects is typical. Governments just love buying at the top or selling at the bottom!
…don’t miss: Greg Weldon: Trump, The Fed and Gold