Mike's Daily Comment
After repeated passes on raising rates the Federal Reserve finally boosted them 1/4%. Stocks shrugged the move off and Gold got smashed. Michael on Personal Finances and how a US interest rate hike affects Canadians, oil and the loonie
…also from Michael: Quiz of the Day
It’s curious what creates tremendous waste in government spending. For example how is it that there can be no clean drinking water on some native reserves after spending 10 billion a year? Despite the urge to put all the examples of government waste down to inefficiency and sloth, Michael says there is quite a different reason for it.
….also from Michael: I Hope You’ve Been Paying Attention?
Reacting to the report that notes the Public sector gets paid far more than private sector, Irene Lanzinger the President of the BC Fed simply wants corporations to pay employees more to catch up to the Public sector. At the same time she pushes for higher taxes on corporations!
…also from Michael: The Ultimate Political Talking Point
Politicians and the media’s love affair with all things Climate Change related is more than a little obvious. Photo ops, grand statements, first ministers meetings are the constant reminder of how much they care but what about other issues like homelessness, exploding deficits and government waste?
…also Michael’s weekend editorial: Public vs Private Sector Compensation: It Is Just Not Fair
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A sane voice in a scrambled investment world.
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You already pay nearly 50% in taxes, now the government wants to track every single expenditure you make with what is left. The whole “cashless” society is so cash starved government can solve their problems by taking some, or all of what you have left at the blink of an eye.