Mike's Daily Comment

Borrowing to expand the economy is going to occur according to Canada’s Prime Minister. Taxpayers though, just can’t absorb the waste in Government infrastructure programs that has been the hallmark in the past. From organized crime controlling road buildng in Quebec to the multi-billion dollars wasted in Ontario on green energy….

related: Michael on The Entitlement Craze

Apart from two unusually attractive properties Ozzie has searched out he tells us about new mortgage rules Canada’s Big Banks are contemplating that will affect all property buyers

Be sure to check out Mike’s Big Fat Idea, a 5% preferred share dividend with several unique features

In this weeks Big Fat Idea a preferred share dividend with some unique, very, very attractive features. “It’s a real opportunity” say’s Neil McIver of Capital Management. Paying between 4 1/2 – 5%, equivalent to 6- 6 1/2 percent interest because of the dividend preferential tax treatment. There’s more too…. 

 

Be sure to check out featured guest Danielle Park’s advise on how to handle this Dangerous Investment Climate

This weeks Shocking Stat demonstrates the European Union’s response to the Sovereign Debt crisis was to hire Hundreds of thousands of highly paid employees to advise on vitally important legislation covering mineral water, flavorings…..it goes on to the degree that there are so many bureaucrats they outnumber a European army.

Don’t forget to catch Mike’s Favorite Story of the Week HERE 

Victor gives his opinion on featured guest Danielle Park’s view of the US Dollar, he review’s a US Dollar turning point he observed a few weeks ago, and tells listeners what is positions are in the markets right now. 

also Mike answers: 

A Vital Question

How does a simple economic contraction turn into a huge mess like we experienced in 2008? The first step is it starts with a system based on confidence, and when that goes all hell begins to break loose

 

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