For those of you who missed Larry’s webinar on June 29th, or missed The Investor’s Guide to Thriving series this past spring (or if you attended but just want to see the presentation again) you are in luck! Below you will find a link to
Category Archives: Behavioural Finance
Adam Smith wrote in the Wealth of Nations that people would get bored of monotonous, repetitive labour. There is good news and bad news. The good news is that Robotics and Artificial Intelligence will likely take most of the boring monotonous jobs. The bad news
Last week we looked at the meaning behind the flattening yield curve. Despite the fact that the Federal Open Market Committee (FOMC) raised rates last week and was more hawkish than expected, longer-term bond yields actually declined versus the conventional wisdom that tightening Fed policy
The shape of the yield curve tells us a lot about investor expectations about the future. As of Sunday night, the odds the FOMC raises the overnight rate was 97 per cent according to the derivatives tied to the Federal funds rate. In fact, that
The bull market from 2003 to 2007 was led by dramatic growth in US housing and dramatic growth in China. The Chinese boom drove the demand for commodities and was the major catalyst in the previous cycle. A few weeks ago, Google (GOOGL Alphabet) surpassed
The World Bank estimates that total world population is about 7.43B at the end of 2016. By 2050, the world will have about 9.71B people. That is an annualized 0.79% natural growth rate. Productivity, the other main factor of growth, has been running about 0.5%
The last time our three key Canadian dollar indicators lined up like this, the Canadian dollar rallied from 67 cents to 80 cents in early 2016. The most stable longer-term driver of the Canadian-U.S. Dollar exchange rate is the interest rate differential between short-term bond
We get many questions on foreign currency hedging. When investing globally in developed markets, currency is often the most important consideration in the difference in returns. With the French election uncertainty mostly behind us and most strategists suggesting Europe is getting stronger, what is the
The Federal Open Market Committee (FOMC) meets this week and word is they will begin planning how to reduce the balance sheet. Yellen has long said the Fed has a plan to do this. At a high level, the US economy has been growing at
The government shutdown. It’s happened before – a lot! In 1995-96, the government was shut down for one month. The Congressional Budget Office estimated it cost the US economy about 0.5 per cent of its GDP that quarter. So, from a major economic perspective it’s