Mike's Daily Comment

Davos Elite Fail To Impress

While 1700 private Jets converged on Davos Switzerland to say all the right things about Global Warming, poverty and feminism, an increasing segment of society think they are full of it.

….related from Michael: Trudeau: Workers before Profits! No Tax Cuts

DUMH1mfUQAAAieA

Trudeau: Workers before Profits! No Tax Cuts

 

After the IMF said Global Growth is at its fastest pace in 7 years because of the Trump tax cuts, at Davos Trudeau declared Canada will not cut taxes or regulation: “Too many corporations have put the pursuit of profit before the well-being of their workers” “You need to give back”. Presumably giving workers tax cuts isn’t giving back. Meanwhile Disney the latest to raise salaries, issue bonuses because of the Trump Tax cuts.

….also from Michael: Meanwhile Government Pays Undeserved Performance Bonuses at Your Expense

569045be2d1bb11e0b5bb3880201d2da

 

 

Why Won’t Canadians Scream ENOUGH!

 

The problems of waste and inefficiency continue year after year because Canadians are fine with a twitter account that costs 100K @ year, a small example of the Billions wasted every year without a Canadian outcry!

Screen Shot 2018-01-24 at 11.02.29 AM 

A Bargain Hunters Dream

A big fat idea from Brent Woyat involves investing in a powerful commodity rally. Brent recommends taking a position in a broad commodity tracking ETF that is RRSP eligible. After a 7 year commodity decline, commodities as represented by the CRB Index is market sector that is very sold out & rising from a low point as you can see in the chart below.

 

crb

Minimum Wage Demands Trigger Job Losses

 

Sharply raising the minimum wage is making the convenience and cost savings of technologies like Amazon’s “Go App” red hot. No Cashiers, you simply walk through the store, pick up items you want and walk out. 

….related from Michael: The Big Economic Lesson The Progressive Left Ignores

Screen Shot 2018-01-23 at 7.13.30 AM

test-php-789