Canadian stocks party like it’s 2008!

Unfortunately financial conditions are worse than 2008 today: the world has a lot more debt now than then at every level, the population is older, productivity is weaker, wages are flat, consumption is falling and corporate revenue and profits have been falling since at least 2014. All in all, capital risks have rarely been higher and investment prospects from these levels never worse. And now the index is back at secular resistance once more. But other than that… party on Garth.
TSX Nov 15 2016

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Trump wants to add debt in order to try and revive the coal industry?

Now that would be a bad business decision. The rest of the world already understands this.

The federal Liberal government announced it will be phasing-out coal from electrical generation by the year 2030 —making 90 per cent of Canada’s power generation “clean.”

Environment Minister Catherine McKenna said the steps would reduce Canada’s greenhouse gas emissions by more than five megatonnes — “The equivalent of taking 1.3 million cars off the road.”

Four provinces have coal-power plants: Alberta, Saskatchewan, New Brunswick and Nova Scotia.Here is a direct video link.

Climate change is not stopping because DT says it’s a hoax. No one has that kinda power. Also see US must transition to a low carbon energy:

What’s also clear is that climate change, together with mega-student debt and the loss of entry-level jobs to robots, will trigger a millennial revolt. Twenty-five-year-olds starting out in the workforce, and 35-year-olds with young children, are not going to settle for a septuagenarian president repeating climate falsehoods and squandering their future.

While the president-elect and a few self-serving coal and oil executives might still pretend that climate change is overblown, the rest of the world knows better. For 120 years, scientists have known that burning fossil fuels adds to the carbon dioxide in the atmosphere and thereby warms the planet. Last year was the warmest year since record keeping began, in 1880, and 2016 will be warmer than 2015. Around the world, people observe and suffer the consequences.

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Elon Musk vs. the Trolls

Devoted to helping humans evolve to smarter, more efficient, clean fuel and transport systems, Elon Musk attracts a gaggle of unfounded criticism from fake articles and authors who hate progress and/or work for the fossil fuel industry.    Apparently some people can think up nothing more productive to do than make up fake news stories to throw aspersions at those who are actually improving the world.  Bloomberg took the time to investigate and identify some of those posting fake facts and stories here:  Elon Musk vs the Trolls:

On Sept. 2 the conservative web magazine the Federalist published an article titled “Elon Musk Continues to Blow Up Taxpayer Money With Falcon 9.” The author was identified as Shepard Stewart. Two days earlier, the Stewart byline appeared on a piece on the Libertarian Republic website called “Here’s How Elon Musk Stole $5 Billion in Taxpayer Dollars.” Two days before that, the Liberty Conservative site carried a Stewart article headlined “Elon Musk: Faux Free Marketeer and National Disgrace.”

”Funny thing, though: Shepard Stewart isn’t a real person. “Definitely a fake,” says Gavin Wax, editor-in-chief of the Liberty Conservative. A chagrined Wax says the “Stewart” character “went totally dark on us after we published him.” Wax discovered that a photograph “Stewart” uses online appears to be an altered version of a former Twitter executive’s LinkedIn headshot.

Musk attracts an unusually large and varied number of shrouded online attacks, including phony op-ed pieces, websites with shadowy backers, and individuals who hide behind aliases. “These are tools used by those who don’t have facts on their side…”

The bottom line: Elon Musk attracts a wide array of real and fake online antagonists criticizing his work on electric cars, rockets, and solar panels.

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