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Mike’s Saturday Editorial
You gotta be wondering – how did this happen? 324 million people and the choice for President is between a blowhard who has never been held hostage by the truth and the pathological liar who’s used government as her own personal ATM machine. The answer reveals it’s part of a bigger story you can’t afford to miss.
Forget Melania Trump plagiarizing 58 words from Michelle Obama’s 2008 Democratic Convention speech the more important part is that they both agree on the value of hard work in the pursuit of your dreams. Unfortunately the majority of Canadians disagree. Work ethic is not part of our political debate. Far from celebrating success, we denigrate it…what are the consequences?
The decline in confidence In the political establishment is the main factor affecting prices in Currencies, Bonds, Stocks & Precious Metals. Misunderstanding this trend will be expensive. The recent new highs in US Stock prices an example as money flees Europe. The ultimate reflection of the decline in confidence in Government will come when investment in US Treasury Bonds will no longer be seen to be safe.
The refusal to acknowledge the abject failure of the European welfare state economic model by public sector unions, politically connected businesses and the mainstream commentariat is foreboding. In their continuing drive to implement the same failed policies in Canada, they are essentially declaring acceptable entrepreneurship regulated out of existence, vast swathes of the populace unemployed and drawing cheques as well as rapidly spreading banking failures as in Italy, arguably the most dangerous of all…...
Also, don’t miss Solid Quality Yield Recommendations from featured guest Aaron Dunn. Several fine examples of higher yield investments with risks acceptable for conservative investment through to more aggressive portfolios
Below, Churchill speaking to Canada’s Parliament in 1941
Mike begins with some observations, then talks the dangers of learning no lessons from what has occurred in Europe. Lessons that can help you succeed in markets
All the selfies in the world won’t change the fact that we are in the Age of Consequences, and Brexit is just another check mark.