Mike's Daily Comment
What’s going on at Dallas Police and Fire pension plan is downright frightening. The numbers and impact on lives is likely to trigger social unrest. Worse, there is more to come since the US Social Security pension is not well funded, nor are huge State and Municipal pension funds.
….related: The Fed is Throwing Up Its Hands

The entitlement attitude that everyone should be able to own a home is at the heart of demands for affordability. Sudden recent changes in mortgage eligibility is a strong sign things may have gotten out hand.
….interest rate related from Featured Guest Dr. Michael Berry PhD.: The Fed is Throwing Up Its Hands

A study says that by 2025 the cost of a robot that does welding will be less than $2 an hour. That’ll keep Union Shop Stewards awake at night. Australia’s Dept. of Industry predicts that 500,000 high skilled jobs like accounting and finance will be replaced by robots and automation! There’s a lot of competition for a job.
….also from Michael: The Main Investment Theme For the Next Decade
Donald Trump is he latest Government leader to promise jobs. Governments don’t have a good track record in that dept. as Justin Trudeau has found out. Canada’s unemployment rate is 7%, exactly, the same as it was after the election in Oct 2015. Just one factor that could torpedo Trumps promise would be if interest rates keep rising. Another is a stronger US dollar that will make US products uncompetitive. There are just so many factors that can trip up a Government’s goal to expand employment, debt at the top of the list.
….more from Michael: Interest Rates Are Heading Higher







The Initial Rumbles of an Economic Earthquake
Posted by Michael Campbell
on Wednesday, 23 November 2016 16:28
Trump, organized labour, the NDP and the rest of the progressive left want to get on board with national tariffs, making foreign goods more expensive for the consumer. Protecting jobs is the object even though a far greater attack on jobs comes from technological change for one. There are greater threats to jobs than NAFTA which is in Trumps gunsights. Besides, anything the Teamsters union is in support of is not likely to be in Canadian Citizens interest.
…more from Michael: A Dangerous Dark Storm Brewing