David Walker, Comeback America Initiative CEO, discusses his five week bus tour talking to Americans about restoring fiscal sanity in the government and what they want from elected officials. Here is a direct link.
Hedge Fund Consultant Michael Belkin sees the case for a 40% stock market drop in the coming 12-15 months. Belkin joins Sam Mamudi to discuss. Here is a direct link.
For all the many people who are still holding equities at present levels because their financial adviser insists that timing market cycles is impossible to do. Please awaken from your marketing-induced slumber and read this: Academic Researcher silenced by threats to get him fired from his job after showing dangers of buy-and hold investing strategies.
Societe Generale’s Dylan Grice is is sticking to his statement that Australia is “a credit bubble built on a commodity market built on an even bigger Chinese credit bubble.” In this clip he explains why he is concerned about the Australian economy and why he sees a recession in 2013:Here is a direct link.
Many of his concerns about Australia mirror many of our own concerns about Canada over the next couple of years.
For more on the oppressive debt levels plaguing Canadians (now estimated at a whopping 165% debt to disposable income in Q2 2012) see: Canadian household debt approaching peak US levels
With the domestic economy weakened more than ever by household indebtedness, the Canadian dollar is tumbling this morning on dovish words from the BOC’s Mark Carney suggesting that the global slowdown is hurting Canadian exports, revoking the idea that Canadian policy rates are likely to be increased anytime soon:
“Elevated global uncertainty is holding back global economic growth and, thus, the demand for Canadian exports,” Carney said Monday. “There is some evidence that global uncertainty is affecting domestic activity.” See: What Mark Carney didn’t say
