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Mike’s Midweek Comment

Fort McMurray's Fires Suck Life Out of GDP - But Is That The Whole Story

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Posted by Michael Campbell

on Wednesday, 31 August 2016 06:49

Record low interest rates, a 25% devaluation of the loonie and an oil price rebound wasn't enough to rescue the Canadian economy.

... the bigger picture from Martin Armstrong: Sovereign Debt Crisis – Banking Crisis – Derivative Clearinghouse Risk

...and from Michael infrastructure spending on golf courses:  A Gov't Spending Lesson in Futility

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Mike’s Midweek Comment

If It Weren't So Expensive It Would Be Funny

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Posted by Michael Campbell

on Wednesday, 24 August 2016 19:05

In a superb lesson in market timing, after all of the howls of protest peaked and Vancouver passed a law to make housing more affordable sales have just collapsed.

The law has barely taken effect and recent numbers released show single family Vancouver home sales down over 70%. Down 86% in the suburb of Richmond!

It is going to be expensive for some people. Is it a bear market or correction?

...more from Ozzie Jurock: The Shocking Drop in Vancouver Real Estate

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Mike’s Midweek Comment

List of Rapid Technological Changes Here Now!

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Posted by Michael Campbell

on Wednesday, 17 August 2016 19:56

In this Mid-Week update Michael lists Technological changes that are so exciting and loaded with opportunity..... at the same time many protest severely disturbing effects for a significant list of employees. Will technological change win out positively in the end? It certainly is going to change the delivery of so many services we have become accustomed to. That is for certain!

Don't miss Michael on Big Hitters Warn Of Market Meltdowns

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Mike’s Midweek Comment

Big Hitters Warn Of Market Meltdowns

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Posted by Michael Campbell

on Wednesday, 10 August 2016 22:05

Recently the central bank of Switzerland bought 3,300,000 shares of Apple and Mario Draghi said they will do ANYTHING to save the economy and financial markets. Skilled investors like Soros, Gross, Ichan & Druckenmiller are saying they don't like the underlying implications of the Banks actions at all, and are positioning their portfolios for a tragic conclusion.

More from Michael Campbell: Look Out Below!!! This is the Financial Time Bomb That's Going To Nail All Of Us

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Mike’s Midweek Comment

Vancouver's Real Estate Market is Finally Cooling

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Posted by Michael Campbell

on Wednesday, 03 August 2016 19:17

Michael's Mid-Week Update - For four months in a row the Greater Vancouver market has seen sales decline but don't hold your breath for lower prices. It takes more than a little slowdown before people sellomg their homes discount the price.  

Another of Michael's Comment 08/03/16: Let's Do More of the Same and Hope We Get A Different Result

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Mike’s Midweek Comment

Money On The Run

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Posted by Michael Campbell

on Wednesday, 27 July 2016 19:58

This weeks Mid-Week update sees money scrambling to find safety from the spreading European Banking crises, the currency markets including a substantially weaker CDN Dollar that is being driven lower due to over-supplies of Oil driving driving prices down, plus new  laws intended to squelch real estate prices in the face of some remarkable immigration figures. 

Catch Michael's Daily Comment: The Government Magic Wand Sweeps Again

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Mike’s Midweek Comment

The Capital Flood & All-Time Stock Market Highs

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Posted by Michael Campbell

on Wednesday, 20 July 2016 20:01

A failed Turkish coup, Italian Banking crisis, Brexit surprise, bloody terrorist attacks & negative interest rates destabilizing Governments has money flooding from Europe seeking safety and some kind of a return. North American assets are the best looking nag in the glue factory and the torrent shoots Stocks to all-time highs. Meanwhile the big trigger looms....

Be sure to listen to Michael's take on The Dominant Driver of Capital World Wide

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Mike’s Midweek Comment

Rates To Remain Stable - Central Banks & Gov't To The Rescue

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Posted by Michael Campbell

on Wednesday, 13 July 2016 22:03

Michael's Mid-Week Update: 

Central Banks have declared through their actions that they will firmly address all unwelcome distortions. The Bank of Canada lined up yesterday announcing stable interest rates going forward through a period of dismal economic growth. 
 
The increasing cost of government is restraining economic growth. While governments must be seen to be doing something their approach rarely solves the problem. Example - he Provincial and Vancouver lower mainland governments are now going to attempt to increase housing affordability. Their solution will pass laws, create a new bureaucratic police force while restricting property rights. These new rules and control of prices will not address the problem of 45K new people looking for housing in the lower mainland population next year….

related from Michael Campbell:

It's Not Donald, Hillary, Barrack or Justin - Debt's Running The Show

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Mike’s Midweek Comment

It's Just Not Business As Usual

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Posted by Michael Campbell

on Thursday, 30 June 2016 10:09

The message following the Brexit vote is that it is not about politics, it was about our failed economic policies. You've got youth unemployment as high as 60% in Europe, countries going bankrupt, banks in trouble and the incompetent handling of the refugee crisis, and collapsing Euro currency. Its not just happening in Europe either...

Don't miss Michael's Daily Comment for June 30th - The Battle For Your Money Intensifies

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Mike’s Midweek Comment

Where Frightened Money Is Heading

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Posted by Michael Campbell

on Wednesday, 22 June 2016 17:02

Multiple levels of Government are raising more and more taxes and fees. Frightened European capital is moving into "safe" country bonds. Canada's new CPP enhancement simply more taxes for both workers and employers suppressing economic activity.

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