Mike's Daily Comment
Shocking Stat
The government said the pandemic relief measures were to help individuals and businesses to get through the pandemic but the fact is that $7 was borrowed and sent out for every $1 of lost income.
Goofy Award
The hypocrisy of so many elected politicians who say one thing and do another is astounding. Obviously restrictions and guidelines are for the little people.
There’s something very wrong when the reaction to the massive federal deficit would be the same whether it was $250 billion, 382 billion or $550 billion. To say we are not serious about the financial danger is an understatement.
Mike still waiting for someone in Ottawa to take the massive debt build up seriously. Kent Chauvin has written a book about his 48 years as a stockbroker. He’ll share the big lessons he’s learned that can make us and save us money. Plus an all star shocking stat and goofy award.
Same people who didn’t predict the 2008 credit crisis, the collapse of the overnight lending markets in Sept, 2019 and the financial fall-out from the pandemic are pretending that’s the last of the disruptions.
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A sane voice in a scrambled investment world.
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Just Say the Spending is About the Pandemic Hides All Sins
Posted by Michael Campbell
on Monday, 7 December 2020 8:44
Canada’s federal debt this year alone will double but few seem to care how the money’s spent- or wasted – as long as the government says it’s about the pandemic.