6 points about climate and my doubt about the narrativeI am going to say a VERY unpopular thing and you can go ahead and educate me, with REAL science and facts. Because what I will say is…Mar 31, 202294Mar 31, 202294
Putin Changed the Inflation Outlook DramaticallyPutin’s decision to go with a full-scale invasion of Ukraine has many dramatic consequences that go far beyond inflation and interest…Mar 6, 20222Mar 6, 20222
Democracy and Freedom in Canada and the Rest of the WorldAs a Canadian-born citizen living in Montreal, Quebec, I am incredibly privileged. I was born in a small rural town in Northern Quebec in…Feb 27, 2022Feb 27, 2022
Is There a Government Debt Problem NOW With Biden Spending?For an entire society or indeed for any corporation, a “productive debt” can be loosely defined as a debt that brings in more future…Mar 28, 2021Mar 28, 2021
Biden’s stimulus plan, inflation, and interest rates for 2021–2022It’s a hell of a balancing act. At roughly 10% of GDP, Biden’s almost 2000 billion (2 trillion) stimulus package is massive. Obama’s…Mar 10, 20212Mar 10, 20212
Central Banks vs Bond MarketsBond yields are rising swiftly after hitting rock bottom about 6 months ago. Although yields are still now very low compared to the past…Mar 5, 20211Mar 5, 20211
Growth, fossil fuels, and “green” energyIs there a “limit to growth” as exposed in the Meadows Report? Our global system works on “growth” of production to generate employment…Dec 17, 2020Dec 17, 2020
Why are interest rates so low and are stocks overpriced?Interest rates are at long term historical lows and stock pricing is historically high, based on various metrics. Why and what is likely…Aug 27, 2020Aug 27, 2020
How Much Government Debt is Too Much?The “virus recession” and the policy response to it is going to bring record deficits in dollar terms AND near-record levels in % of GDP…Apr 8, 20201Apr 8, 20201
Markets for 2020 and BeyondAs I wrote in my last few posts, the impact of “the virus recession” is likely to be brutal and huge, BUT short-lived. This is because the…Mar 28, 2020Mar 28, 2020
Published inStreet SmartNegative Yields and Low GrowthAbout 20% of all global government debt has negative yields. This means that buyers who hold to maturity LOSE nominal dollars, and lose…Oct 16, 2019Oct 16, 2019
Published inStreet SmartAre US Stocks Overvalued?Warnings are coming from every corner that US stocks are pricey, including from myself in past posts. Is this really the case? In this…Apr 12, 2019Apr 12, 2019
Published inStreet SmartWhat Explains the 2019 Stock Market Party?Stock prices rebounded nicely in most economies, including the USA:Feb 22, 20191Feb 22, 20191
Published inStreet SmartIs There a Government Debt Problem?Federal debt in most industrialized countries has increased quite a bit since 2008. Is this a problem going forward? Lets dig into this a…Feb 13, 20194Feb 13, 20194
Published inStreet SmartNo Inflation No ProblemWhen you read market commentators and “analysts”, they keep talking about “the debt” and “credit”: government debt, corporate debt…Feb 10, 2019Feb 10, 2019
Published inStreet SmartThe 2 Missing Ingredients for a Recession USA 2020As I explained in “Slow Decade Ahead” and in “Central Bank Money is the Only Hope”, there is rising risk of recession or at least…Jan 29, 2019Jan 29, 2019
Published inStreet SmartInequality, Stagnationand Social UnrestDebates over inequality have become more intense since the 2008 “shock” and the ensuing job destruction and bank bailout party. Some feel…Jan 7, 2019Jan 7, 2019
Published inStreet SmartSlow Decade AheadIndustrialized countries are facing a set of structural forces that will render the decade 2020–2030 quite a challenge on many angles…Dec 2, 20183Dec 2, 20183
Published inStreet SmartCentral Bank Money Is the Only HopeThe economic fundamentals of most large economies today are bearish and point to slow growth ahead. Bond markets and indeed quite…Nov 24, 2018Nov 24, 2018
Published inStreet SmartThe War Between Science and BullshitWe live in an Era where information is SO plentiful and readily available that it is possible to find “credible” texts, videos, opinions…Nov 19, 2018Nov 19, 2018