Category Archive: Finance
Flat Wages And Record Debt Equals Consumption In Decline
Headlines today cheer that Canada added 22.2k jobs in August and the jobless rate declined to 6.2%, the lowest since 2008. See: Canada Wages Speed up as jobs gains for ninth month. The Canadian dollar jumped 2% against the greenback this week on continued divergence in monetary policy between the Bank of Canada daring to hike […]
How To Win The Financial Battle Vs. Your Automobile
This time of year many people’s fancy turns to owning a new shiny car during the upcoming New Year. Dealers will need to liquidate their current year inventories to clear space for the new models.They will be pulling out all the stops including colorful free brochures, demonstrations, and pitches by beautiful ladies telling you all […]
Breakout
After a few false starts, gold has finally broken through $1300 convincingly, and looks comfortable at its current perch at $1340. It would be easy to blame it all on politics but, as I noted in the last issue, I don’t think that’s the case. It’s an overdue move and the initial move through $1300 […]
Tom Petty’s Retirement Plan
You never slow down, you never grow old A bunch of different snippets today. First up, my brother sent me this link from USA Today that as Congress starts to try to figure out tax reform they might change the tax deferred status of 401k contributions. If they were to change it such that all […]
The Three Rules Of Angel Investing: From Someone Who’s Tried
Salesmen rarely make good managers or business owners. But that doesn’t stop them from trying. It used to be a hallmark of American business that successful salesmen were promoted. The logic is obvious. Whatever makes Joe or Amy great at selling the company wares should be emulated by others, thereby making the company more successful. […]
Weekly Wrap: Don’t Let The Debt Ceiling Deal Fool You
This week our Safety and Security investing theme, unfortunately, reigned supreme. Just days after the worst storm in modern U.S. history took nearly one quarter of U.S. refining capacity offline and dropped a biblical amount of rain on Texas, here comes Hurricane Irma, the most powerful Atlantic Ocean hurricane in recorded history after having done major damage […]
What Makes Exco Technologies A Good Business?
XTC is an industrial company working with the automotive industry. Exco (XTC.TO) is a global designer, developer, and manufacturer of dies, molds, equipment, components, and assemblies to the die-cast, extrusion, and automotive industries. What’s a “die” anyway? Here’s the complete definition from Wikipedia: “A die is a specialized tool used in manufacturing industries to cut or […]
Global Policy Uncertainty Peaks And Volatility Troughs
A curious couple of trends are underway on the global stage. Global economic policy uncertainty appears to have peaked at an all time high earlier this year, while at the same time average implied volatility across global equities looks to have bottomed, after putting in a 12-year low in August. These two trends combined look set to ensure the […]
The U.S. Petro Dollar Breakdown Continues: Big Moves In Gold & Silver Ahead
The four-decade long monopoly of the U.S. Petro-Dollar as the world’s reserve currency is coming to an end. Unfortunately, most Americans have no clue that when the Dollar loses its reserve currency status, life will get a lot tougher living in the U.S. of A. Let’s say, Americans will finally receive “Precious metals religion.” The […]
