Mike's Daily Comment
Finance Minister Bill Morneau announced that growth will be at half mast & deficits right up and off the pole. They didn’t see the 2008 credit crisis or the huge drop in Oil prices that Money Talks analysts correctly forecast. What’s dangerous is what they clearly continue to miss.
….also Michael’s guest: Make The Game-Changing Tech World Pay
If 1% on your investments won’t cut it, portfolio manage Brent Woyak has a big fat idea for yield and growth suitable for conservative investors.
Michael on the: Artful Deception In Canada’s Deficit
This week’s goofy, the United Nations has another mind blowing, bad news appointment for women. More surprising is that people still take the UN seriously. Plus bonus, ahem….the “bottom” line on a Canadian Mint employee’s method of stealing a huge amount of gold.
Shocking Stat: Wear Body Armor And Learn To Duck
Canada’s increased deficit spending does not include the shortfalls in Government pension liabilities. Further, despite Government claims to the contrary most of the extra spending won’t help grow the economy. For example…..
…also: Hot Properties: Where Did Vancouver Scare Foreign Money To?
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The Enhanced Money Grab
Posted by Michael Campbell
on Wednesday, 28 September 2016 14:02
A study concludes that the new mandatory increase in pension plan contributions won’t help more than 5% of CPP recipients. Meanwhile taxpayers are getting soaked for the MP’s pension plan at a staggering rate.
Check out Michael’s Big Fat Idea: Long Term Growth & Income Alert