It’s clear to us that despite best efforts and recognition climate change is a major issue for the world, the hurdles are high in terms of the developing world need for cheap energy (read coal). From our perspective, the logical transitionary energy source investment should
This week on my virtual webinar I will host my friend David “Rosie” Rosenberg. I’ve been following Rosie for more than 2 decades. Very few economists dig as deep as he does to answer the why question. The question we will discuss and debate this
Every week viewers ask us questions about what stocks and ETFs they should buy. This week we are participating in two webinars that will focus on this question. We are going to take one step back from the investment choice and try to answer this
Liberty Street Economics is the research arm of the New York Federal Reserve Bank. In August, they conducted their monthly survey of consumer expectations (since June 2013). They ask about many aspects of consumer behaviour, but here they focused on short and intermediate inflation expectations.
Probably not much is the answer. You should rarely adjust your long-term goals for short-term noise. However, to the extent that the NDP force the Liberals to move more to the left on tax increases (new revenues), it could matter for some that are overweight
As a value and growth at a reasonable price manager we are challenged by markets that have stretched valuations. One measure that is at all time extremes (for the S&P 500) is the price of the market relative to sales. The following is an excerpt
The VIX curve has flattened notably in the past few weeks. When the VIX curve flattens, it means that investors are paying up for protection in nearby months. Why? The policy mistake in Afghanistan in recent weeks has weighed on Biden’s approval. At the same
The Fed is inching closer to reducing stimulus (debt monetization). We expect the first taper will come in Q4. The plan will likely reduce $15B per month over the course of 8 annual FOMC meetings so that the Federal Reserve will not buy anymore Treasuries
The Fed is inching closer to reducing stimulus (debt monetization). Congress is getting antsy about all the spending, but knows that an infrastructure bill is needed. The progressive Left in the House wants even more. Deficits going forward will be north of one trillion annually
The World Gold Council mid-year outlook suggests that higher rates running faster than inflation hurt in the first half. Current expectations for real yields (inflation versus nominal yields) now suggest gold should be on the podium. That fact that gold is not shinning requires a