Last episode we wrote about the rapid decline in earnings outlooks for the S&P 500. We focus on this benchmark because it represents about 40% of the world equity market capitalization and houses most of the largest companies in the world. The US market is
President Trump likes to take credit for the great performance of the stock market since his election. When we look under the hood at what is leading the markets higher, it’s clear that the average stocks is not nearly doing as well as the few
Most financial pundits focus only on the income statement and not the balance sheet. The income statement can be bolstered by financial engineering. In the past 15+ years since we entered the ultra low rate interest rate environment, adding debt to corporate balance sheets to
FP Canada (formerly the Financial Planning Standards Council FPSC) has come out with their new long-term assumptions for financial planners. For most people, having an independent financial plan completed that is free of sales pressures should be essential. For those capable of doing their own
One of my favourite TV personalities is Fareed Zakaria, host of GPS on CNN. In recent weeks he has taken on central banks and the bankers that “fixed” the world. Here’s why I think that while we are not out of bullets, the economy has
There is a bullish impact on supply and demand and there is a bearish one as it pertains to economic output (read growth or incomes). The kind of increase we have seen over the weekend as US policy move to curb Iranian supply is cost
The public discourse around the fact that the coffers are bare needs to happen. I’ve been saying here on Berman’s Call and in my presentations for the past decade the “unfunded liability” of the promises is a dire problem that will bankrupt governments. I now
In 1977, Congress amended the Federal Reserve Act, directing the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to “maintain long run growth of the monetary and credit aggregates commensurate with the economy’s long run potential to increase production,
On this #AprilFoolsDay it’s no joke that carbon taxes are here Canada. They won’t work at all. They will just make life more expensive. Read what Bill Gates is doing about it. Science will solve the climate challenge, it’s clear where investments need to be
The most ridiculous central bank comment of the day so far has come from Europe. ECB Executive Board member Benoit Coeure said today that “a negative yield in the German 10 yr bund yield has more to do with excess savings than it has to