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Mike's Daily Comment

It's The Biggest Story In Finance - But Few Seem To Get It

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on Tuesday, 14 August 2018 10:36

turkish lira

Big problem - Emerging nations like Turkey borrowed in US dollars and now their home currency is falling fast - that's a major problem, not for Turkey, but for the banks and investors who lent them the money.



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Mike's Daily Comment

The Liberals Take a Page From The Trump Playbook on Diplomacy

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on Monday, 13 August 2018 11:15

justintwitter

Is twitter the place to conduct diplomacy? Both President Trump and the Federal Liberals obviously think so but at what cost. Canada's virtue signalling tweet aimed at the imprisonment of human rights activists have many worried that it made things worse for the prisoners while negatively impacting the Canadian economy.



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Mike's Daily Comment

Climate Change Makes You Stupid

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on Friday, 10 August 2018 11:10

climatechangestupid

Yikes. I didn't know we're allowed to say that, but Dr Daniel Sarewitz did, pointing the finger at those people who say that climate change is the big cause of every natural disaster. With the consequence being that we limit our range of options in taking action.



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Mike's Daily Comment

Kinder Morgan Never Said the Trans Mountain Expansion Would Cost $1.9 Billion More

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on Thursday, 09 August 2018 10:04

km numbers

They said no such thing. Instead the number comes from an SEC filing presenting a Net Present Value Analysis of the project under different scenarios by TD Securities including what if it cost more and was delayed until January, 2022.



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Mike's Daily Comment

All Talk - No Action

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on Wednesday, 08 August 2018 10:28

canada vacation

Remember all the big talk that we were going to show Donald Trump and stop travelling to the States? Well we didn't. Maybe not a big surprise for a nation that's raised virtue signalling to new heights but isn't quite as keen on actually "doing something." 



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Mike's Daily Comment

At Least We Don't Discriminate

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on Tuesday, 07 August 2018 06:51

Canada imports 670,000 barrels a day of oil to the East Coast at World Prices which is $26.00 more per barrel than we get from Oil shipped to the US. Remarkably, 60,000 comes by tanker from Serial Rights abuser Saudi Arabia who has just expelled Canada's Ambassador.

 

GettyImages 865819290.0



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Mike's Daily Comment

Beware This Impending Gov't Cash Grab

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on Monday, 06 August 2018 06:32

Get Ready - Every Family of Four will be forced to pay an additional 27K on top of all their tax existing tax bill to fund the 1/4 trillion shortfall in public sector pensions.  

 

TightenBelt



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