Wealth Building Strategies

Record Quarter for Canadian Commercial Real Estate

Canadian commercial real estate investment reached new heights in the second quarter, boosted by a pair of big acquisitions and by the lure of attractive, income-producing property.

Transactions reached C$16.5 billion ($12.5 billion). That’s 38 percent more than the previous record, set in the first quarter of last year, and more than twice the five-year quarterly average… click here for complete article

City

Disorderly Brexit Would Trigger Mayhem in Derivatives Market

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With less than six-and-a-half months to go before the UK’s deadline to leave the EU expires, progress is still lacking in the Brexit negotiations, in particular on crunch issues such as the Irish border and the equivalency of financial services. As the doomsday clock ticks down,  jitters are rising on both sides of the English Channel, particularly the English-speaking one… CLICK for complete article

Another European Bank Falls To Russia-Linked Money Laundering

moneymitts

The CEO of Danske Bank has resigned over hundreds of billions in money from Russia and former Soviet states allegedly laundered through its small branch in Estonia.

It’s a sum that is likely to draw significant attention from Washington amid calls for new sanctions on Russia, which could threaten to cut the bank out of the global financial system…. CLICK for complete article

Emerging Markets Boost Gold Holdings

goooold

Central banks’ demand for gold reached a three-year high, rising 8 percent during the first half of 2018 compared to the same period last year, according to a World Gold Council market update on central bank buying activity released today…. CLICK for complete article

Debunking The A.I. Productivity Myth

roboguy

Automation seems to be a never-ending source of fear-mongering. Judging from the commentary, robots will “replace us” and cause large-scale unemployment. With the entry of artificial intelligence (AI), and robots that make robots, the value of human beings as productive forces in the economy is simply zero. People then become value-less consumers, only “mouths to feed” while production is carried out by machines. CLICK for complete article