Disclaimer*** This post does not necessarily represent the personal view of the author on what the global monetary system should look like…the author believes that there should be multiple competing currencies accepted as legal tender, government notes, bills of credit, gold and silver and cryptocurrencies**** One claim made by economists about the gold standard and […]
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2018 Outlook
2018 Outlook 2017 was an excellent year for the global economy. For the first time since the Great Recession there was synchronized global growth. This year the IMF is predicting close to 4.0% global GDP growth. The ECRI Weekly Leading Index is at an all-time high. Doug Short Recessions tend to start after the index […]
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Review of 2017 Trends
2017 Trend Outlook In January I wrote about the trends I felt would impact 2017. With the half way point in the year I thought it would be a good exercise to review the trends identified. Economic Growth USA – I believe the US expansion is late in the cycle and will see an acceleration […]
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Buy the Loonie Update – Reversion to the Mean
Back on September 17, 2016 I wrote this about the Canadian Dollar: Honestly I hate the idea so much I think the trade will probably work. At the time the the Loonie was trading at about $0.76 US. On January 25, 2017 I suggested Both measures have the Loonie undervalued against the US Dollar by […]
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Economic Discussion
Global Markets The Global PMI (purchasing managers index), a proxy for economic growth has rebounded to multi-year highs. This can be seen in expansion of both manufacturing and services. Markit The Emerging Market and Developed Market PMI expanding together. Is it possible we have entered a coordinated growth cycle after years of uncoordinated growth? CEO’s […]
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US Dollar Direction
One of the ideas in the last newsletter where I thought strong investment returns could be found was in the US Dollar. However, I also thought the Loonie (Canadian Dollar) would also be strong. My theory on that is capital is flowing to both the US and Canada, however this post is just about the […]
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