Mike’s Midweek Comment
Price Waterhouse Cooper report says Vancouver’s housing market is still going to be #1 in 2017 and the city will lead all others in the country in economic growth. Michael goes over the numbers and CHMC’s response.
…also: after gaining $10 being bullish from August 3 Todd Market Forecast: Turns Bearish Crude Oil
Much to the disappointment of newly elected Liberals their socialistic strategy boost the economy has failed. The Bank of Canada says going forward it’s going to be running like a car with two flat tires. Michael reveals the single greatest bit of symbolisn regarding US Presidential election plus it’s effect on financial markets. It’s a full 8 minute mid-week update.
….also from Michael: The Stirrings of a Revolution
In this mid-week update, the US Election’s impact on Canada’s trade deals appears with Trump calling the Nafta the worst trade deal ever negotiated. Now Hillary Clinton also thinks Nafta should be renegotiated. Michael on the market’s preference for President, the effect each President will have on the exploding debt problem and pension liabilities. Deutsche Bank or similar problems potential to cause market panic.
…related Martin Armstrong on: Are we Being Prepared for World War III?
Vancouver real estate peaked in April and has cratered since while Toronto market continues its blistering advance. Toronto may well be a beneficiary of BC’s Foreign Buyers tax. Michael on all the ins and outs of real estate in Canada including the new mortgage rules. Surprising how many housing buyers the new rules put on the sidelines
….related: Oh, Oh, The Latest Vancouver Real Estate Numbers
This jam-packed mid-week update covers the economy and markets likely future response to both Presidential candidates with the highest disapproval ratings on record. Establishment Hillary, anti-establishment Trump, free trade, the Federal Reserve, interest rates, Deutsche Bank troubles, declining confidence in government and forthcoming volatility.
The Enhanced Money Grab – A study concludes that the new mandatory increase in pension plan contributions won’t help more than 5% of CPP recipients.