Mike's Daily Comment
Record low interest rates, a 25% devaluation of the loonie and an oil price rebound wasn’t enough to rescue the Canadian economy.
… the bigger picture from Martin Armstrong: Sovereign Debt Crisis – Banking Crisis – Derivative Clearinghouse Risk
…and from Michael infrastructure spending on golf courses: A Gov’t Spending Lesson in Futility

After encouraging us to ride bicycles and take public transit to save the planet, this person flew, wait for it….. 20 whole miles by private jet for a dinner party!
…also, here is a rarely talked about metal that is trading at $30 down $100 lower from its high in 2007: Fundamentals for Uranium Look Great; Is the Uranium Market Ready to Soar?

For every dollar increase in Corporate Taxes, wages drop by more than a dollar. That’s according to a recent study that is backed up by a wealth of previous studies. Why then do Union leaders, Politicians and special interest groups continue to demand higher taxes????
…speaking of Politicians: It’s Time To Take A Stand
Michael drags a pertinent comment from P.J. O’Rourke’s great book “Parliament of Whores”
…related from Michael: A Disturbing State of Affairs







A Gov’t Spending Lesson in Futility
Posted by Michael Campbell
on Thursday, 1 September 2016 3:29
Infrastructure spending on a golf course, a racetrack and a clubhouse is not an intelligent economic expenditure. It will make a politician look good, though at the expense of upsetting the children who’ll pay for it. Children who’ve a right to ask how we could have blown such a historic opportunity.
….also: Fort McMurray’s Fires Suck Life Out of GDP – But Is That The Whole Story