Mike's Daily Comment
What is next? For one Trumps renegotiation of NAFTA may include deleting Canada’s Supply Management System which protects Canadian farmers from lower priced US products. Currencies will also be on the agenda. Is the Stock Market is due for a correction? On International front, there’s Iran testing missiles….
….also: Weaker US$ Could Send Gold & Gold Stocks to Higher Targets
As Donald Trump forges forward with tax, regulatory change, immigration and trade pronouncements, he’s certainly got everyone’s attention. Michael on why that is a good thing.
….speaking of government: A Perk You Can Only Dream of
Summary
Berkshire buys $12 billion of stock since election.
This move was largely Buffett’s.
Walgreens recuts Rite Aid deal.
Berkshire Hathaway
Berkshire (BRK.A/BRK.B) substantially grew its equity portfolio after the US presidential election. They had slightly over $100 billion in shares before the election and increased it by over 10% with new purchases since then. Next month, we will go through the specific securities purchased. The new purchases could be new positions or increases of current ones.
…also:
The refugee backlash has been percolating in the US and Europe for some time. Governments inability to integrate immigrants & refugees on both social and economic terms satisfactory to the voting public is clearly an explosive issue.
…also: Looking for Yield, Ozzie’s Got Some Ideas
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The Undermining of Our Social Programs
Posted by Michael Campbell
on Thursday, 2 February 2017 15:29
The most vocal supporters in Canadian Society ignore the fact that it has to be paid for. Economic growth is the only way to achieve that, yet the irony is that those that most support social programs are quite often found protesting the very economic developmen that’s needed to pay for them.
….also in Michael’s Mid-Week Update: For Canada the Trump Effect Is Unavoidable