Janet Yellen will spin her Fedspeak on Aug. 26 at the annual Jackson Hole conference. Investors worldwide will scour the text for hints at what the future holds. In the past, Federal Open Market Committee (FOMC, a.k.a. Federal Open Mouth Committee) bosses have used the
We always look at the risks of investing, because that’s how investors look at it (after the risk bites them), so for our clients we carefully weigh risk/return with each investment. I’ve said “Europe is a basket case” so you might think that means avoid
I’ve often warned that Western economies – now heavily indebted post credit crisis – are on track to end up like Japan if nothing is done to change course. You might think that means Japan is down and out, and while they are, there is
The global push to spend at all costs has to end. The debt governments are accumulating to do so are toxic to future generations and stymying future growth. The G20 communique highlights the following messages, which is simply more of the same rhetoric. I’m not surprised
I have suggested for years that zero and (now) negative interest rate policies that central banks have employed are stealing money from the savers to prop up the economy and it’s not working very well. One estimate I saw recently has transferred over 2 trillion
The Bank of Japan will do everything to stimulate growth—but they will likely fail. According to the CIA world fact book Japan is tied with Germany for the highest median age population and has the oldest workforce. The average age of the workforce in Japan
When the Doha meetings broke this weekend, Saudi Arabia would not agree to a freeze on oil production because Iran would not participate and vowed to sell as much as they could at any opportunity. This has basically been their stance for the past few
Wow! It’s the proverbial first day on the job for the new Government and they’ve spun possibly the biggest misrepresentation in budgetary history. Unfortunately most Canadians will not understand and thus won’t realize how dangerous such a distortion of the facts can be. Expressing Federal
Yet another reason why the current Liberal administration’s policies are based on scarcely more than bad math and a great head of hair. Then again, don’t blame Justin, they don’t teach the dependency ratio in school and they’re not the only government to find themselves
Too late for this Federal budget, but something to think about when we get serious about fixing our economy in 4 years when tax and spend isn’t working: http://news.nationalpost.com/…/canada-second-only-to-france…