Mike’s Midweek 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
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
Prime Minister Trudeau just completed a cross country tour where technology as a cause of job loss wasn’t talked about. Meanwhile John Kerry in Davos Switzerland said 85% of job loss in the last decade was due to technology.
….also from Michael: The Great Divide – Thinking With Your Head vs Knowing with Your Heart
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One Really Positive Byproduct of Trump’s Policy Announcements
Posted by Michael Campbell
on Wednesday, 1 February 2017 15:01
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