Mike's Daily Comment

Monster Deficits Limit Options

Governments are never paying back the pandemic debt but it’s delusional to think government finances can be sustainable through tax hikes or spending cuts.

It’s Going To Cost You More

What is going to cost more? Just about everything. A commodity supply shortage pushed by increased demand means higher prices – with food leading the way.

As Deficits Increase – Our Choices to Avoid the Consequences Shrink

What do you think would happen if the Bank of Canada stopped financing the government’s borrowing by buying bonds?

Michael Levy: Definitely Not a Business Model to Follow

The federal government announced yesterday that the yet to be approved Novavax vaccine will be manufactured in Canada. By promised a vaccine would be available to all Canadians by September do they mean this year or next?

Michael Levy: Unintended Consequences of the COVID-19 Pandemic

One of the secondary reactions to the COVID-19 pandemic is how a group of bored and at home day traders took on Wall St Hedge Fund managers resulting in a frenzied market that produced spectacular gains. But are they prepared to see the other side which will most certainly result in huge losses?

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