Mike's Daily Comment

Compensation – Public versus Private: Less than one in 4 private sector workers have a workplace pension, and 60% of Canadians have no…..

Out of Reach Real Estate – There are 3 things that drive up prices of real estate at the entry level & Michael lists them out. He also points out that the 3 factor has a double impact…

There is No Data – Lets start with the percieved wisdom that foreign buying is the principal driver of escalating real estate prices in Greater Vancouver, which leads to a lack of affordability

“My demand that my tax dollars, which represent long hours of work, get treated with respect is part of some vast right wing conspiracy.” The Auditor Generals Report on Senate Spending is going to be released…

JUNE 6TH COMMENTARY OF THE WEEK

Michael comments on confidence. The basic foundation that all markets rest on. With blatant corruption being uncovered at all levels of Government, massive spending and the outright waste of tax dollars, confidence is in jeopardy. In Nations like Greece the implications on interest rates, currencies, stocks and real estate markets are already beginning to be seen. The rest of Western Nations are in danger of becoming unglued should the lack of confidence spread like wildfire

(for the entire Money Talks show go to http://www.cknw.com/audio-vault/{mp3}grant/060615xx{/mp3}

JUNE 6TH INTERVIEW OF THE WEEK

Michael asks John Johnston PhD, Chief Strategist at Davis Rea about about the opportunities both present and in the future he sees, and the specific sectors he favors. John also outlines what warning signs he sees in the global financial markets. Prior to joining Davis Rea John was with RBC, including terms as Deputy Chief Economist for the Royal Bank of Canada.

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JUNE 6TH GOOFY

California brings in a law that makes absolutely no sense

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JUNE 6TH SHOCKING STAT

100,000’s of thousands or pages of regulations is just the beginning

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