Juggling Dynamite

I will be speaking at the Cambridge House Vancouver Resource Conference this weekend with a Keynote on Sunday at 1:30, a presentation Monday at 11:00 am and a panel discussion on World Outlook Monday at 5:00 pm. You can register to attend or see more on the agenda here.

Last time I attended this show was January 2013 when I gave this presentation and did this interview laying out the likelihood of an incoming global recession, continued weakness in commodity prices, precious metals and Canadian stocks, along with a stronger US dollar and continued bid for North American bonds. (So far so good.) I also explained why we were expecting weakness to materialize in over-valued US stock markets…definitely taking longer than average for US stocks to turn down, especially as global Central Bankers are committing hari kari every day to try and stall the inevitable. That said the vector of the slowing global economy remains in tact and US stocks are now even more over-valued than 6 months ago. As they say on planes, during periods of extreme turbulence, best to remain calm and keep our seat belts fastened.

When then Presidential hopeful, Mitt Romney dissed Tesla (and therefore Musk) as a “loser”, I thought he was speaking volumes about himself. In a world filled with over-paid corporate executives who take obscene riches while inventing nothing and managing companies into the ground, Musk is the rare breed of hardworking visionary, who could have retired as a multimillionaire in his 30’s but instead chose to put all of his personal net worth on the line more than once in order to develop new technologies and companies that are helping to solve some of the most pressing issues facing humanity today. Would that the world had a whole lot more “losers” like Musk.

Elon Musk, chief executive officer of Tesla Motors Inc., talks about the automaker’s early loan repayment to the U.S. Energy Department and growth strategy.Here is a direct link.

Danielle was a guest today with Phil Mackesy on Talk Digital Network discussing recent trends in the world economy and markets. You can listen to an audio clip of the segment here.