Mike's Daily Comment

The Impotence of Talk & Symbolism in Inspiring Economic Growth

One area where talk has absolutely no effect, or symbolic gestures mean absolutely nothing is in the area finance. Raising taxes and expanding the bureaucracy will alway hamper healthy economic growth. Where in Canada are we hampering or encouraging economic growth?

…also from Michael: The Bottom Line on the Federal Budget

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The Bottom Line on the Federal Budget

There was good news in that there was no new tax increases. No tax cuts either. For an effort to spur growth the Federal Budget won’t go down in history as courageous. There will be a Deficit increase as illustrated on the chart.

…also from Michael: Coming to a Country Near You: Opposition To Trade

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Global Economics – Debt – Wishful Thinking & Today’s Budget

Another government in Canadian history is poised to declare that the Canadian Government can afford to borrow a lot more money. Its fine because Global Economic Health is stable or growing. The question, what happens when the Global Economic Health descriptor moves through stable to plunging?

…related, Michael with facts another budget topic: Infrastructure Spending Will Save Our Economy!

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Mike’s Big Fat Idea: Buy Arizona Gold Resources

Catalin Chiloflischi of Canarc Resource Corp’s idea is to buy Gold at low levels, and to buy that gold in a proven exploration property. One project in Nevada and 12 other projects there carry gold at an average price of 2 dollars an ounce for the gold they hold in resource.

…also Michael interviews Lance Roberts: Bonds & Stocks: Looking Good With One Possible Exception

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The Oil Company Divestment Strategy Fails Dramatically

The teachers and students who argue strenuously for pension fund divestment of companies involved in Oil & Gas production, particularly in the Oil Sands, have not made a single small dent with their protests. Michael lists why they haven’t.

…also Michael’s Weekend Editorial: The Financial Pressure is Building to the Exploding Point

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