After repeated passes on raising rates the Federal Reserve finally boosted them 1/4%. Stocks shrugged the move off and Gold got smashed. Michael on Personal Finances and how a US interest rate hike affects Canadians, oil and the loonie

…also from Michael: Quiz of the Day

Despite the uncertainty of another anti-EU vote in Italy, the 3rd largest European economy and 4th largest debtor nation in the world the markets shook it off and rose sharply. What happens next if a total collapse of the EU is said could evolve into “the most violent economic shock in history”

…more from Michael: The lesson of Cuba – Which System is better – it’s not even close

Since Trumps election as President the Dow dropped 800 then straight up to new highs. The Bond market is where huge damage has been done, a trillion dollars lost in the last 8 days. A continuation of that trend is frightening with everyone comfortable with interest rates near zero. Rioting continues in the US and Europe, with anti Obama riots yesterday in Greece. Will Trump renegotiate Nafta?  How about the softwood lumber agreement?

…more from Michael: Interest Rates Are Heading Higher

In this Mid-Week Update, Michael digs into the effect the Trump Presidency will have on Canada, the US economy as well as the rest of the world. Financial problems because of high taxation needs to be unwound. Markets volatile…..as expected. Down 800 points on the Dow then up 1000, Euro, US Dollar, Gold all extremely wild, though Michael thinks the major trends remain in place. Hey, Keystone pipeline back on the table, a huge benefit to Canada.

….more from Michael: Trump’s Success

Michael starts this weeks Mid-Week Update with the latest real estate numbers and the factors that are effecting the latest weak numbers. Then its the Fiscal Update, deficits are horrible and no where near election forecasts. Government controls the economy? If so they are doing a bad job. Then its the latest on the US Election and the effects on the Markets.

…last week Michael on: Vancouver’s Hot Real Estate Market Not Finished Yet!