Mike's Daily Comment
Meanwhile a Financial Monster stalks the land. With the ramifications of the aging population going critical, we find it’s not being discussed as the appetite for the latest Trump move, or whose going to run BC grabs all the attention.
…also Michael’s Mid-Week Update: Changes Coming Along With Higher Canadian Interest Rates
The Fed moved interest rates higher today putting pressure on Canada to raise rates. With BOC Stephen Poloz saying low rates “have done their job”, and with Canadian growth outperforming the US recently it looks like higher rates are coming to Canada too. Will it be 1/4 of a percent, 1/2%….? Despite lower Oil it’s significant the Canadian dollar is rallying. The ancient Canadian retail giant Hudsons Bay has doubts its can survive with the move towards internet purchasing. That big trend is forcing the mall in your neighborhood to change, Michael describes what some of the successful are doing in the US.
….also from Michael: Hockey & Economics 101
Uber has swept through the taxi industry leaving massive change in its wake. Here’s a taste of the numbers – the value of a Chicago taxi medallion has dropped $357K to 35K in just 4 years. Michael’s turned up even more staggering numbers…..
….also from Michael: No Friend To Workers
This past monday, a secretive robotics startup has raised $18 million as part of its quest to replace humans with robots in the kitchens of fast-food restaurants. Minimum wage advocates can ignore this development, but they shouldn’t. They may mean well, but never before has it been easier to replace increasingly costly wage earners with technology.
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Michael offers easy reading, honest, common sense information that anyone can use in a practical manner.
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A sane voice in a scrambled investment world.
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They Want More of Your Money & They’re Coming To Get It
Posted by Michael Campbell
on Friday, 16 June 2017 14:35
Governments are desperate for money. A good example is the latest Liberal plan to add a 5% tax to internet services like netflix. That’s on top of the tax you already pay on cable bills! Strap-in, governments need for cash is becoming relentless, and they’re coming to get it.
….also from Michael: Changes Coming Along With Higher Canadian Interest Rates