The Bank of Canada has cut its overnight rate for the second time in the last six months - to 0.5% - and the Canadian dollar has reacted as expected, [indeed, as intended,] putting the Canadian dollar at a six-year low in terms of dollars (-10.2%) and pound sterling (-10.4%). So why the rate cuts and competitive devaluation?
Read More »Canadian Real Estate Due For Significant Correction – Here’s Why
Canada's real estate market has started to look eerily similar to the conditions that were present before the United States' real estate crash...This article reviews the data to compare the Canadian real estate values to the U.S. real estate market, to suggest why the Canadian real estate market is due for a significant correction.
Read More »Early Retirement IS Possible – Here’s How
There’s no secret to early retirement. It is possible, but it takes sacrifice, hard work and the right mindset to pull it off. Here's some good advice on how to make such a dream a reality.
Read More »What Is Gold’s Role In An Investment Portfolio – If Any? (+2K Views)
There is a plethora of information available in all sorts of media that is negative about gold - gold is risky, volatile, a barbarous relic, and so on - but these arguments miss the point entirely, because they treat gold as an investment. To fully understand gold's role in an investment portfolio, we need a new mindset—a gold mindset - [and HERE it is].
Read More »Why You Might Not Be Getting Rich & What To Do About It
Consider how much money you could have in 10 to 40 years if you stopped wasteful spending now and invested that money instead.
Read More »We’re On The Cusp Of A Significant Market Downturn – Here’s Why (+2K Views)
Reasonable people understand that the stock market can go down as well as up so after a six year run that pushed the Dow Jones up dramatically, maybe it’s time to stop looking for reasons to buy stocks and begin looking for reasons to sell. This article presents 7 sound reasons to do the latter.
Read More »Think You’ll Retire At 65? Think Again!
Think you’ll retire at 65? The Transamerica Center for Retirement Studies’ 16th Annual Transamerica Retirement Survey has found otherwise.
Read More »Current Gold-to-S&P 500 Ratio Suggests Major Upward Move Coming In Gold Price (+2K Views)
Central banks clearly want inflation and fear deflation and will, therefore, find a way to create the inflation they want resulting in gold prices somewhere between $3,000 and $4,500 by 2025.
Read More »The Great Fall of China: Chinese Stock Markets In Complete Collapse – Here’s Why
Chinese stock markets are in complete collapse right now, with the main Shanghai Composite index losing 30% of its value in just the past three weeks. This article explains why it has happened and what it means for other stock exchanges around the world.
Read More »Money Velocity: Serious & Simplistic Explanations – Your Choice
In the most simplistic and, I might add, most humourous terms, the little story below demonstrates what economists call 'money velocity' and how a bailout package (think Greece) works. It really is that simple & nonsensical!
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