Mike's Daily Comment

Government Bonds are a Sad Joke – Save a million and get only $16,500 interest/year in a 10 Year Gov’t Bond!!!! A great deal for borrowers, horrendous deal for savers. 

Another Major Wake-Up Call – That’s what the Bank of Canada’s lowering of interest rates yesterday was. Along with the confirmation that growth in Canada contracted so far this year. We’d better begin to get clear…..

Michael’s 8 min interview on the sudden Bank of Canada drop down to 0.5%, downward 1st half CDN growth, the dramatic drop in the CDN$ to new lows yesterday and the Global implications

People ducking everywhere – acountability is just no fun for leaders used to the “no questions asked” approach to spending other peoples money. That seems to be about…….

“In light of the complete capitulation of Greece to their creditors in the European Union, the International Monetary Fund”  Mike points out some remarkable examples of assets that Greece has agreed to surrender

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