The 2023 debt ceiling showdown is negatively impacting America‘s image (and perhaps influence) abroad. What’s more, a contraction in the money supply points to an impending recession for the country… Welcome to another Pinnacle Pod, where we venture deep into the heart of the high-stakes financial battlefield that is shaping the destiny of the global […]
We know whom inflation hurts the most: the elderly, people on a fixed income, and those living paycheque to paycheque — which in Canada and the US means most of the population. So, who can inflation benefit? Experienced debtors. The richest among us often have mountains of debt. Banks practically beg them to take more […]
Canada is passing many third-world African nations to become one of the most indebted countries in the world. After Trudeau’s mind-boggling C$314 Billion budget deficit for the fiscal year 2020/21, up from ‘just’ C$21.77 billion in the previous year, don’t expect the spending to stop anytime soon. Here is the scary thing. $21.77 billion deficit […]
In January of 2018, almost three years ago, I predicted the Dow was heading to 30,000. The article Why the Dow is Heading to 30,000 Under Trump Economy lays out exactly why the markets would continue higher. “Today’s market is a momentum investing paradise for investors riding the Trump effect to massive profits. Let’s take […]
The Federal Reserve, anemic growth, and an aging population are causing the velocity of money in the United States to crater. While many believe trillions in stimulus will cause inflation, low-interest rates are providing little incentive for banks to lend when the return on their loans is low. The bottom line is that people are […]
As soon as I saw the ticker tape, I knew it wouldn’t last. Dow and other U.S. index futures were down 5% Sunday, before yet another emergency Fed meeting. While the intial headlines reversed sentiment and saw exchanges up 1-2% before the open, the relief rally failed. All indices are now in the red, down […]
The United States, currently enjoying its longest bull market in history, is decoupling from the rest of the world. From its currency to its stock market, the US is on demand. Despite somewhat underwhelming US growth in 2019 (2.1% GDP), investors continue to bid up America’s leading companies, the likes of which include Amazon, Google, […]
Why the Dow is still heading to 30,000… […]