This far-reaching discussion is worth a listen…some humour too.
In an exclusive interview that runs for nearly two hours, Grantham explains why he believes we’re in the late stages of another great bubble and his expectations for when it will come unravelled. He also explains why others fail to act in the face of bubbles, and we discuss some of the assets best placed to weather the storm. Here is a direct audio link.
Our weekend business panel takes a closer look at the challenges ahead for businesses as the Ontario economy reopens. Plus, a look at home sales and Porter Airlines’ new travel plans. Here is a direct video link.
This is just the beginning of a broader downturn for commodities, according to Lakshman Achuthan, co-founder of the Economic Cycle Research Institute. Achuthan said it all comes down to cycles and this point of the cycle indicates a move lower. Cycles in global industrial growth are closely linked to cycles in industrial commodity prices, including lumber,” Achuthan told CNBC’s Trading Nation on Wednesday. “While I know — lumber notwithstanding — people are still pretty bullish on commodities, with a cyclical downturn in global industrial growth getting underway things are going to shift the other way.” Here is a direct video link.
Along with this cycle change in commodities, the USD has risen against the loonie since we added it back to our portfolios in June. Now at 1.26USD, the next upside test is the 1.30 area as noted in my partner Cory Venable’s chart from June 30 shown below.
