Mike’s Midweek Comment

Rates To Remain Stable – Central Banks & Gov’t To The Rescue

Posted by Michael Campbell

on Thursday, 14 July 2016 5:03

Michael’s Mid-Week Update: 

Central Banks have declared through their actions that they will firmly address all unwelcome distortions. The Bank of Canada lined up yesterday announcing stable interest rates going forward through a period of dismal economic growth. 
 
The increasing cost of government is restraining economic growth. While governments must be seen to be doing something their approach rarely solves the problem. Example – he Provincial and Vancouver lower mainland governments are now going to attempt to increase housing affordability. Their solution will pass laws, create a new bureaucratic police force while restricting property rights. These new rules and control of prices will not address the problem of 45K new people looking for housing in the lower mainland population next year….

related from Michael Campbell:

It’s Not Donald, Hillary, Barrack or Justin – Debt’s Running The Show

Balance.rocks

The Italian banks are in trouble threatening the entire European Banking system and the crisis could hit credit markets around the world.

also: The Political Establishment vs the Rest of Us

 

 

 

The raise in pay, pensions and benefits that Government employees have gotten vs the average Canadian is bad enough. Get into the higher ups in the political establishment and the numbers start getting outrageous. If it were a hockey game it would be political establishment – 25 average Canadian – 0

Related: The Political Establishment vs the Rest of Us

In the period of economic sub-par growth from 2007-2014, American’s median wealth dropped 43% while the net worth of an average Congressman has jumped 28%. Is it the same in Canada?

Don[t miss Mike’s Weekend Commmentary The Silence Is Deafening

It’s disheartening the political establishment in Canada denies the treacherous European Economic model. Featured guest Aaron Dunn recommends specific quality yield investments for portfolios from conservative thru to more aggressive.

A Frightening Message

That the political establishment from public sector unions, politically connected businesses and the mainstream commentariat refuse to acknowledge the abject failure of the European welfare state economic model. Essentially declaring acceptable economic issues such as 50% youth unemployment, entrepreneurship regulated out of existence, rapidly spreading banking failures…..

The Search For Quality Yield

Michael asks Aaron Dunn of Keystone Financial for his finest examples of higher yield investments with risks acceptable for both conservative investment as well as more aggressive portfolios

The Hunt For Value

This weeks Big Fat Idea reveals hidden value in the recovering Oil & Gas Service Sector that Rick Bekkering of Pi Financial has researched and recommends

A Major Shift Underway

Ozzie shines a light on the changes that have been occurring in the Canadian and global real estate markets in the last month. In short, the real estate market has turned the corner and in many areas faces a potentially serious switch from straight up to a straight free-fall down

The Hunt For A Safe Haven

Victor Adair on how money seeking safety has flooded at the same time into both US Treasuries and Gold

One of the Greatest Speeches Ever Made

Winston Churchill is widely regarded as one of the greatest wartime leaders of the century.  His talent for gripping speeches and memorable quotes was on display in the Canadian Parliament 1941

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