For 10 years we have been pounding the table warning that we were heading for a credit market disaster. Governments around the globe have been spending far more than they were collecting, to the point where we warned that ‘far more debt has been created than can ever be paid off.’ And this was BEFORE […]
Many projects and ideas have been thrown off schedule with the Covid-19 pandemic, but progress is being made on implementing the latest cellular phone network – the fifth generation, euphemistically known as 5G. As well as the global pandemic, there are other concerns of a geo-political nature to be addressed, such as which countries will […]
There have been few significant changes in the cleanliness of nuclear reactors since the first electricity generating reactor was brought onto the power grid in Obninsk, USSR, in 1954. The low carbon emissions from nuclear reactors make them one of the greener methods for generating electricity, and a good fit with the “green” initiatives envisioned […]
According to data compiled by LPL Financial, historically the S&P 500 averages its highest return of the entire year on October 28th. Well, that certainly was not the case today, the markets got hammered. There were many factors contributing to today’s slaughter, and leading the way were fears related to soaring coronavirus case numbers, especially […]
The Elephant in the room Every so often we review the latest debt numbers as tracked on the US Debt clock site. These numbers are US based, but the story is similar all over: governments have been racking up massive debts for decades and now with COVID-19, they are accelerating this practice to unprecedented levels […]
Equities: Nasdaq – down 330.65 points or 3.02% The Nasdaq Index represents the tech sector and includes the world’s foremost technology and biotech giants such as Apple, Google, Microsoft, Oracle, Amazon, and Intel. No surprise to subscribers, this index has blown the doors off all other indexes as these stocks have been the market leaders […]
The markets opened down on fears of COVID-19 spreading again, the gridlock in Washington, and of course fears that the results of the US election won’t be known for weeks, or even months after the election. In addition, word was out that a number of major financial institutions, including JPMorgan Chase, HSBC, and Deutsche Bank, […]
The average human life span is clearly on the increase, with the United Nations predicting there will be 3.7 million people over 100 (centenarians) by the year 2050. Many developed countries are reporting more supercentenarians every year, they being people over the age of 110. Since 1900 the average human life expectancy has risen from […]
Dealing with COVID-19: An open letter to Canada’s prime minister and provincial and territorial premiers Date: July 9, 2020 Authors: Robert Bell, David Butler-Jones, Jean Clinton, Tom Closson, Janet Davidson, Martha Fulford, Vivek Goel, Joel Kettner, Onye Nnorom, Brian Postl, Neil Rau, Richard Reznick, Susan Richardson, Richard Schabas, Gregory Taylor, David Walker, Catharine Whiteside, Trevor Young Dealing with COVID-19: A balanced response COVID-19 is a serious public health threat and will remain so until […]
The Canadian government just released its updated deficit projections and they were mind boggling. The government now projects the federal deficit for this fiscal year to be $345 billion. That is approximately 18 times larger than the 2019 deficit. PM Justin Trudeau then made this statement. “As a Federal Gov’t we decided to take on […]