Login

Personal Finance

Is Canada The Next Hot Money Victim?

Share on Facebook Tweet on Twitter

Posted by John Rubino - DollarCollapse.com

on Wednesday, 10 May 2017 08:26

One of the interesting things about the Great Recession was how Canada’s financial system sailed through it largely unscathed. Its banks were regulated wisely and behaved prudently, its citizens avoided the extreme stupidity of their credit-addicted neighbors to the south, and its government refrained from doubling its debt every eight years. It certainly looked like Canadians were smarter – or at least more emotionally mature – than we were.

But instead of Americans learning from Canada, Canadians appear to have concluded that we had it right after all. In the decade since the global financial system’s last near-death experience, Canadians have started to behave like turbo-charged Americans. A few recent examples:

Canadians Are Buying A Record Number Of New Cars, With A Record Amount Of Financing

(Better Dwelling) – Sales of new motor vehicles across Canada rose to an all-time record for February. 

Canada-new-car-sales-1

Average Sale Price For New Vehicles Rises
Consumers are purchasing more expensive vehicles too. Over $5 billion was spent on new vehicles for the month, bringing the average to $40,100 – up 3.4% from the same time last year.



Read more...

Personal Finance

17 Reasons Why You Should Own Gold

Share on Facebook Tweet on Twitter

Posted by Gary Christenson - The Deviant Investor

on Thursday, 20 April 2017 09:01

 

  • Gold has no counter-party risk in a 2008-style crash.
  • The continual devaluation of the US dollar is inevitable.
  • Gold will eventually return to its true historic role as money.
  • The destruction of government balance sheets, continual devaluations, and the widespread implementation of zero interest rate policies probably will result in hyper-inflation.
  • Central banks are nearing an inflection point where they no longer can supply the gold necessary to prevent rising gold prices.
  • Gold has survived governments, leaders, parliaments, central bankers, economic stupidity, graft, corruption, and wars.
  • Investment demand for gold is rapidly accelerating. The western world is in the early stage of a panic and “gold rush.”
  • There is growing recognition that many paper gold products are not backed by physical gold.
  • Mine supplies are not anticipated to rise for several years, if at all.
  • Eastern Central Banks are accelerating their purchases of gold.
  • Skepticism about official U.S. gold reserves is increasing.
  • Large short positions in futures markets must be reversed or “cashsettled.” (The paper suppression game cannot continue forever.)
  • Gold prices are climbing from their December 2015 low in an established bull market.
  • Up to $10 trillion (Doug Casey) in U.S. dollars may return to the U.S. and create dire inflationary consequences if global confidence in the dollar fades due to war, politics or economic policies.
  • A derivatives disaster is likely. Counter-party risk will rise again!
  • Long after most fiat paper and digital currencies have disappeared, gold will be used as money or backing for currencies.
  • Gold will rise to $10,000, or far more, depending upon government and central bank devaluation policies. Expect $10,000 in years, not decades. Read: “Buy Gold Save Gold! The $10 K Logic.

(This list was edited and adapted from an email blast by Tom Cloud).

....related: 

An In Depth Look at the Precious Metals Complex

 



Personal Finance

Why You Will Lose Your Job In The Next 5 Years, And What To Do About It

Share on Facebook Tweet on Twitter

Posted by Mad Hede Fund Trader via Seeking Alphavia Seeking Alpha

on Tuesday, 18 April 2017 07:00

tesla-assembly-lineSummary

Artificial intelligence and automation is accelerating far faster than anyone realizes.

It is all extraordinarily disruptive.

This will cause corporate profits to rocket and share prices to soar, but at the price of higher nationwide political instability.

Yes, it's happening.

And if you lose your job in five years, you will be one of the lucky ones.

It's possible that your job is already gone, they just haven't told you yet.

...continue reading HERE

...related from Michael Campbell:

The Numbers Exist - Time To Ring The Alarm Bell



Personal Finance

Marc Faber - How much Gold is Enough?

Share on Facebook Tweet on Twitter

Posted by Marc Faber -via Finance and Liberty

on Friday, 07 April 2017 20:13

Key Points in Faber's Worldwide Debt Bubble & Currency Collapse Interview:

- Ahead: a crisis worse than 2008 @ 0:54
- Young adults will earn less than their parents and die with less than their parents @ 2:56
- How to weather the hard times ahead @ 7:41
- How much gold is enough? @ 11:01
- What form of precious metals is best? @ 13:27
- Ed Note: This interview was done in 2016

 

Screen Shot 2017-04-07 at 7.51.45 PM

 



Personal Finance

How Solid are Canada’s Big Banks?

Share on Facebook Tweet on Twitter

Posted by Peter Diekmeyer - Sprott Money

on Thursday, 23 March 2017 08:47

banksThe World Economic Forum consistently ranks Canada’s banks among the world’s safest. Competent regulators have overseen stress tests, tightened lending standards and delinquency rates are low. Demographics are good and the country’s diversified economy is backed by a treasure of oil, wood, gold and other natural resources. 

So the experts say.

Institutional investors, relying on the work of Jeremy Rudin, Canada’s chief bank regulator, agree. In fact, Canadian financials accounted for 35.5% of the market capitalization of the benchmark exchange (NBF February). 

However this façade hides major uncertainties. Key concerns stand out, which if unaddressed, could spark solvency and liquidity issues in one or more of Canada’s Big Six banks. 

The fragilities can be seen in an IMF report, which calculated that Canada’s financial sector accounted for a stunning 500% of GDP in 2012. Today, the assets of the Big Six banks alone are more than double the size of the country’s economy. 

Each (RBC, CIBC, Scotiabank, BMO, TD and National Bank) have been designated “systemically important,” which in turn, due to sheer size and interconnectedness, suggests that they are almost certainly “too big to fail.” That means the collapse of any one Big Bank would threaten to trigger systemic implosion. 

More ominously, if Canada’s financial system, arguably the world’s best, is riddled with pores, what does that say about the US, the UK, and Japan? Let alone Italy and Spain? 

Yet signs of fragility are everywhere. Consider:

Complacency following “secret” $114 billion bailout



Read more...
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >> Page 3 of 168

Free Subscription Service - sign up today!

Exclusive content sent directly to your Inbox

  • What Mike's Reading

    His top research pick

  • Numbers You Should Know

    Weekly astonishing statistics

  • Quote of the Week

    Wisdom from the World

  • Top 5 Articles

    Most Popular postings

Learn more...



Our Premium Service:
The Inside Edge on Making Money

Latest Update

Take Partial Profits

The nervousness surounding the current bull market remains significant. While there are a number of unsettling indicators suggesting a serious...

- posted by Jill Mislinski - Advisor Perspectives

Michael Campbell Robert Zurrer
Tyler Bollhorn Eric Coffin Jack Crooks Patrick Ceresna
Josef Ozzie Jurock Mark Leibovit Greg Weldon Ryan Irvine