Mike's Daily Comment

A recent Angus Reid poll says that 87% of Vancouver residents are in favor of the 15% tax on foreign buyers of real estate. Here are a couple of solid reasons why that poll is quite likely inaccurate.

….also: Our Economy In Peril

 

There is a big difference in consequences in financial markets than there is in other areas of life. Pretend something isn’t true in markets and you can have your financial head handed to you. In other areas of life, like politics for instance, consequences are hard to come by.

Either the big government boys and girls don’t have a clue or are delusional. If as the politicos and way too many in the media suggest, government “controls” or “manages” the economy – they’re doing a hell of a bad job. 

Don’t miss Michael’s critical Mid-Week Comment: Big Hitters Warn Of Market Meltdowns

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The Duffy Scandal was great for the media – it was the story that kept on giving – a chance to nail the Harper government – feign outrage but let’s not kid ourselves it was just political theatre. Nothing’s changed.

Our Economy In Peril

Here comes BIG trouble. Increasingly it has become evident in the USA that both the Democrats and Republicans are threatening to “renegotiate” Free Trade. The uncertainty alone will create big negatives in our economy. If it ultimately takes place, strap in for a very rough ride.

…also from Michael: Look Out Below!!! This is the Financial Time Bomb That’s Going To Nail All Of Us

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