Tag Archives: Canadian credit

Bits and Pieces – 20180714, Saturday

Commentary

While the Clown Prince throws money everywhere he prances, the sheeple blindly run behind in hopes of catching a few dollars plucked from someone else’s pockets. McKinsey and Company have published a visualization tool, Visualizing global debt. Below is the chart and table that is interactive on their website but not here:

We see that Canada is the 9th most indebted nation in the world as a percentage of GDP. As the economy slows due to any number of factors such as recession here or in the US, rising interest rates or the end of the business cycle, GDP drops but the debt doesn’t change This means that the ratio increases in magnitude and our position deteriorates farther. We are extremely vulnerable to exogenous shocks and endogenous credit collapse. This is a train wreck that John Mauldin has been reporting on with links supplied in previous posts. I give you his concluding essay in a later section.

We have become a socialist country and the history of socialism has never witnessed a happy ending. As I keep warning, be a good boy scout … be prepared.

Bits and Pieces – 20180413, Friday

Commentary

Our focus remains on Syria. While Trump has taken a step back, assets are still being assembled: A Second US Tomahawk-Capable Destroyer Enters The Mediterranean. As the article notes the US won’t have the USS Harry Truman carrier strike group in place until April 22, and the military would not want to launch an attack with such high risk without all their pieces on the board. We expect the rhetoric to continue.

The wild card is Trump. How can he back down? The longer he waits, the greater the risk that an independent investigation may be able to be conducted that might exonerate Assad.

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