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Mike's Daily Comment

A Promise With a Poor Track Record

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on Thursday, 17 November 2016 07:39

Donald Trump is he latest Government leader to promise jobs. Governments don't have a good track record in that dept. as Justin Trudeau has found out. Canada's unemployment rate is 7%, exactly, the same as it was after the election in Oct 2015. Just one factor that could torpedo Trumps promise would be if interest rates keep rising. Another is a stronger US dollar that will make US products uncompetitive. There are just so many factors that can trip up a Government's goal to expand employment, debt at the top of the list. 

....more from Michael: Interest Rates Are Heading Higher

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Mike's Daily Comment

A Slick Way To Fight Carbon Emissions

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on Wednesday, 16 November 2016 08:41

The heated debate of Carbon Taxes first has to take into consideration that if all of Canada was shut down, no cars, no factory, no heated homes....it would only reduce World Wide carbon emissions less than under 2%. If reducing carbon emissions is the priority, Government shouldn't be looking to a carbon tax regardless of what they promise to spend the money on. There is a way though....

...also from Michael: Canada's Arrogant Politicians

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Mike's Daily Comment

Interest Rates Are Heading Higher

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on Tuesday, 15 November 2016 06:32

The evidence continues to mount that the 35 year bear market in US bonds is over, interest rates are heading up and the implications are dramatic. For example,  the rate on a 10 year US bond is 2.37%. Compare that to the rate of a 10 year German bond of .35% and you know why German money is flooding into the US driving the dollar higher and other currencies down

...also from Michael: The Main Investment Theme For the Next Decade

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Mike's Daily Comment

Interest Rates Are Heading Higher

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on Tuesday, 15 November 2016 06:12

Transcript:

rates-upInterest Rates Are Heading Higher

The implications of a change in the interest rate trend would be profound, and the evidence continues to mount that the 35-year bear market and bonds is over in the US. In other words the low in interest rates is in. 

The US 30-year bond prices have clearly broken down and the 10-year bond looks to be on the same path. I'll give you just one quick example of the implications before maybe you nod off to sleep. The rate on a 10-year US bond is now 2.37%, almost 3% on their 30-year bond. Now think about this. The 10-year raid on a German bond is only .35% soyou don’t have to have a finance major to see the incentive for German money to start coming into the US pushing the US dollar higher, and other currencies, including the Loonie and the Euro, lower. That's what's been happening in the last week with the Loonie dipping under 74 cents.
 
 The drop-in bond prices is estimated to have cost investors 1 trillion dollars in the last week alone! At the same time the estimated 9 trillion in debt of emerging market countries that have their debt denominated in US dollars is becoming unmanageable as their home currencies decline along with their economies. 
 
 As I said, this is a really big story. There's a 152 trillion dollars in global debt including 16 trillion in negative yield debt, so a change in interest rates will have major, long-term repercussions.
 
Michael Campbell
Moneytalks.net
 
Join Michael for Money Talks every Saturday from 8:30am to 10:00am PST.
Listen live on CKNW.com or via podcast after at Moneytalks.net


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Mike's Daily Comment

A Historical Change

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on Monday, 14 November 2016 07:07

The common theme found in Hillary Clinton's loss is that it wasn't their fault that she did. In spite of overwhelming odds, Donald Trump prevailed. The reason? Hillary lost because everything has changed.

...also from Michael: The Main Investment Theme For the Next Decade

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Mike's Daily Comment

Let Us Remember Freedom Is Always Under Assault

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on Friday, 11 November 2016 07:34

Today we honor the soldiers who gave their lives for Freedom. Too bad that the assault on freedom continues, on our University Campuses, via laws that we are entangled just in case we might hurt ourselves. We are along way away from the very freedoms citizens had even 50 years ago, much less 100 years ago.

 

....speaking of freedom: Nationwide anti-Trump protests rock the US

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Mike's Daily Comment

Nationwide anti-Trump protests rock the US

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on Thursday, 10 November 2016 06:25

Anger in Chicago, New York, Oakland, Pittsburg and other cities protesters carry signs saying "Not My President". The Deplorable's Act With Class & Bernie Sanders says it best in this comment

...also Michael's Mid-Week Comment: Donald Trump = It's The Biggest Sc*w You to the Existing Elite, Especially the Media

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