The Canadian government’s promised CAD 13-16 billion welfare grant to Volkswagen (VW) is outrageous! Is this the best use of funds? It’s an abuse of power, a waste of taxes, and it’s crucial it doesn’t happen for three reasons.
Category: ECONOMICS AND POLITICS
Commentary on the economy and politics
Why We Succumb To Political Business Religious Leaders Deceptions
Leaders in every area of society — political, business, religious, sports — apply charisma, woo their followers, then do as they wish. We exalt, and like sheep, follow them.
7 Keys To Take On Today’s Economic Challenge
Meanwhile, consumers must manage their affairs and try to keep themselves and families afloat. So, here are seven keys with a fitting acronym, WEEP NOT, to take on today’s economic challenge. They will help you ride out today’s difficulties, and maybe you emerge stronger and better able to deal with future challenges. Where are you […]
Central Bankers Need New Strategies To Tame Inflation
Economy Has Unique Challenges Affecting Employment & Supply Chain The pandemic created supply chain issues, disrupted employment and small businesses while housing prices stayed high with insane, low interest rates. Besides, the Ukraine war contributed to higher gas and food prices. These events turned classic macro economic metrics upside down, but bankers seem to ignore […]
A Stock Market Crash Or Pause Is Here Don’t Panic
Stock markets crash, rebound, decline for extended periods, and climb for long durations. Sometimes the fall and rise are steady, but the past year was odd. Stock markets were wild, yielding a scary emotional roller coaster ride. In this article, after peeking at the present, I examine three prior market crashes to deduce lessons and […]
Inflation Rising Interest Rates Volatile Markets New Norm
Inflation, rising interest rates, and volatile stock markets will be the new norm. Meantime, on January 25, Bank of Canada reprieved Canadians by deferring the first interest rate hike to March 2022, keeping the target for the overnight rate at 0.25%. Get ready for a series of rate increases: “Everybody should expect interest rates to […]
Stock Market Volatility Continues Unabated As COVID-19 Cases Rise
Stock market volatility continues and is today’s norm. The Dow Jones Industrial Average (DJIA) fell a further 28% to 18,591 on March 23, following its largest one day drop of 1,191 on February 27. Although the March 23 dip was 35% below January’s opening, the DJIA is off a mere 12.3% for the year-to-June 26. […]
Politicians Vying For Credit For Booming USA Economy
Politicians are vying for credit for the genesis of the growing economy (USA). Today, what matters most is that we sustain the economic and job gains. Thus, the government must not meddle with tariffs, tax hikes, and useless rules. Like it or not, lower corporate taxes are good for companies, the economy, and job creation. The converse is […]
Donald Trump’s Trade War Will Create Extensive Direct And Collateral Damage
Trump’s “made in America” crusade will produce unintended results. US firms could make in the US almost everything they need in the US. But some countries can make products as well as the US and at a lower cost. Thus, it is wise to let these countries produce those goods to lower consumers’ costs. That’s why Walmart off-shores, imports, then sells several products at prices people can afford. These imports are in the trade imbalance. Trade figures are unrealistic. They exclude the value of imports by US firms from off-shoring and later selling those items in the US.