The repercussions are vast. In at least 3 European countries Banks pay YOU monthly to take out a mortgage. Now the Bank of Canada says we have to get ready for a new normal, permantly low rates. Michael says…..

….for the entire commentary go HERE (scroll down)

Oil had a number of opportunities to break down on bad news, but has held up well. Does this mean we’re heading into positive territory longer term? What risks are still in play?

Michael on the Bank of Canada’s Outlook On The Canadian Economy, the last 6 months of growth and the impact of current interest rates

Buckle Up. Michael explains how revelations in the Panama Papers is just more damning proof that “corruption is the most important financial trend in the world”. Fraud on a gigantic scale, so much from those we’ve elected to political office.

….its all HERE

Michael makes sense of yesterdays Janet Yellen comments from the Fed, as well as todays from the Bank of Canada. The effect on Currency, Stock and Interest Rate Markets now, and in the futurre