Interview of the Week
Dr. Michael Berry shares some of the evidence he’ll be presenting to the US Federal Reserve. Dr. Berry of the Disruptive Discoveries Journal, is a sought after analyst on resource policy and investing. In this interview he makes sense of the dramatic moves post election, especially in fixed income and what the Fed is likely to do. Diversification right now is critical in his view.
…Michael’s Saturday Editorial: The Truth – Its Time to Blow It All Up
A study says that by 2025 the cost of a robot that does welding will be less than $2 an hour. That’ll keep Union Shop Stewards awake at night. Australia’s Dept. of Industry predicts that 500,000 high skilled jobs like accounting and finance will be replaced by robots and automation! There’s a lot of competition for a job.
….also from Michael: The Main Investment Theme For the Next Decade
Donald Trump is he latest Government leader to promise jobs. Governments don’t have a good track record in that dept. as Justin Trudeau has found out. Canada’s unemployment rate is 7%, exactly, the same as it was after the election in Oct 2015. Just one factor that could torpedo Trumps promise would be if interest rates keep rising. Another is a stronger US dollar that will make US products uncompetitive. There are just so many factors that can trip up a Government’s goal to expand employment, debt at the top of the list.
….more from Michael: Interest Rates Are Heading Higher
Since Trumps election as President the Dow dropped 800 then straight up to new highs. The Bond market is where huge damage has been done, a trillion dollars lost in the last 8 days. A continuation of that trend is frightening with everyone comfortable with interest rates near zero. Rioting continues in the US and Europe, with anti Obama riots yesterday in Greece. Will Trump renegotiate Nafta? How about the softwood lumber agreement?
…more from Michael: Interest Rates Are Heading Higher
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The Truth – Its Time to Blow It All Up
Posted by Michael Campbell
on Saturday, 19 November 2016 18:37
There is so much work to be done. An example can be found in Los Angeles where the judiciary, government unions and politicians have conspired to award a certificate for life after 2 years to 98% of teachers. Despite California students ranking at the bottom in the entire US. No wonder teachers send their own kids to private school!
….also from Michael: Buckle Up – Interest Rates Are Heading Higher