The "End of History?" Geopolitical Risk is Higher Now Than During Cold War France and Italy, two pillars of the European Union (EU), are facing constitutional changes and/or elections, which could bring more anti-EU sentiment to the forefront. If either one of these two countries pulls out of the EU,…
More than Ever, Geopolitics Is the Key to Understanding Financial Markets These days, you may have noticed, investment professionals and financial advisors have lost much of their clout to political scientists. Certainly, the next few years will require more political than economic analysis, given the proverbial "white elephant" in…
There’s too much optimism toward the U.S. economy these days. We are told often that there’s economic growth and prosperity ahead, but is this really the case? Not too long ago, I had a very in-depth discussion with Michael Lombardi, founder of investment research firm Lombardi Publishing Corporation…
“Magic Pensions”—Disappearing Right in Front of Your Eyes “Britain’s Pension System in Crisis” reads the headline in a U.K. daily. But it doesn’t have to be Britain—similar headlines are appearing in countries all over the world. However, before we talk about the coming “Great Pension Collapse”—and, indeed, we…
Is This Keeping George Soros Up at Night? A self-styled philanthropist, billionaire, and disruptor of legitimately elected governments, George Soros has returned to the trading game after having taken a long break. George Soros, who enjoys spreading unnecessary market turmoil and unhappiness in markets and politics, has decided…
Economic Collapse in 2016? It’s Possible For the most part, if you ask someone what was behind the 2008 financial crisis, they’ll probably say greedy, unscrupulous Wall Street banks and their overpaid vault-keepers. While the 2008 financial crisis cannot be blamed on any one single event, it’s safe…
Canadian Housing Market Looking Bubbly, OECD Low interest rates have created a housing bubble in the Canadian real estate market, pushing the country’s financial system to the breaking point. At least that’s according to the Organisation for Economic Co-operation and Development (OECD). In a report published Wednesday, the…
Toronto Housing Bubble Set to Burst The Canadian housing market is insanely overvalued, particularly the Vancouver and Toronto housing bubbles. Nationally, sales activity and average price sales hit another record in April. This comes at a time when the country is on its way to another recession. The…