KEY POINTS The range of outcomes for the economy in the second half is incredibly wide: JPMorgan Chase sees no fewer than five different paths it can take. The bank has gotten more pessimistic, seeing unemployment in its default “base” scenario hitting nearly 11% by the end of this year, […]
Canada should have — as Australia has done — outed China’s behaviour as equivalent to acts of war, then joined the trade gang-up with the United States Huawei Technologies Co. is not a tech corporation. It is a weapon, created and subsidized by Beijing that ruthlessly gobbles up and spits out competitors and countries. It’s […]
The UK’s decision to ban Huawei from its 5G networks is only the latest diplomatic setback for China. So, as China’s leaders ponder how to respond, they should heed the first rule of holes: when you are in one, stop digging. CLAREMONT, CALIFORNIA — The United Kingdom’s decision to ban Huawei from […]
It’s a scandal like none I’ve seen that has rocked the Trudeau government and spawned at least five investigations into the government actions. Even CNN has speculated that this could bring down the Trudeau Liberals. I’m not sure about that but it is a story that keeps on revealing more. […]
The Fed is going to buy stocks. I don’t know precisely when (sorry day traders), but it will happen, and probably soon. The first half of the Fed’s dual mandate is to promote maximum employment — that means avoiding and mitigating recessions. Supporting the S&P 500 is central to this effort, not […]
Without a doubt, the fall of CHAZistan is evident, which has been said to echo throughout history. And it is CHAZ, unfortunately, it no longer exists, such is the destiny of nations and dynasties. This being the case, it has been said that he has followed the path of the […]
Margaret Wente, who has long been the Globe and Mail’s leading columnist, is now the main focus of the news. Being that there are those who are defending her against what is considered as a coward and hypocritical treatment which she is receiving from Massey College. And is that after […]
The average interest rate on a 30-year fixed-rate mortgage in the US has fallen below 3 per cent for the first time ever, mortgage finance company Freddie Mac said on Thursday. The historic figure reflects how policy responses to the coronavirus pandemic have brought down borrowing costs, helping drive a […]
The US, among most other global economies, crashed from a booming 2019 to a recession in 2020, which was triggered by the Coronavirus pandemic. At the end of the 4th quarter of 2019, the US had a record-breaking debt of $21 trillion. With the pandemic sending the economy into a […]
Over the last few weeks, a number of mainstream banks and financial institutions have issued bullish outlooks for gold, forecasting record prices. Citibank projects $2,000 gold by early next year. Goldman Sachs now sees record gold prices within the next 12 months. And Bank of America released a note saying […]