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Monthly Archives: August 2017
Temporarily goosing share prices is bad for everything else
A simple fix to refocus energy on business building that grows prosperity and solves global problems rather than on short term accounting gimmicks that drive up share prices temporarily: change the law back to pre-1982 ban on share buybacks as … Continue reading
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Canada firing on one cylinder in May
Market commentators were ebullient last week on the outdated news that Canada’s May GDP estimate was .6% versus the .2% projected by the consensus. Here is a chart of the last 6 months. The driver? Oil and gas extraction increased … Continue reading
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