Juggling Dynamite

The overview here is worthwhile, also, in light of the latest US jobs ‘beat’ last Friday, the explanation of how the BLS estimate inflates the count is relevant.  The data discussed here are mostly American.  Canada’s is actually quite a bit worse this cycle on most counts.

Influential economist David Rosenberg lays out a persuasive case for the end of the record-breaking economic recovery in part one of a two-part WEALTHTRACK conversation. Here is a direct video link.

In part 2 of our podcast with influential economist David Rosenberg, he addresses the biggest problem currently facing governments, businesses, and consumers as global economies slow, plus where investors can find shelter in the next bear market.  Here is a direct video link.

Property insurance premiums are leaping, with deductibles doubling and worse.  In some cases no insurance is available.

Insurance industry consolidation over the past decade has left fewer options for consumers and less competition among insurers, in addition, sky-high property replacement costs, antiquated infrastructure and extreme weather are making insurance more expensive and, in some cases, impossible to get.  No insurance means no financing.  This is a huge negative for condo owners and prospective buyers.  As extreme climate costs rise, these problems are just getting started.

Condo owners could be facing a significant increase in their home insurance. Tony Gioventu with the Condominium Home Owners Association of BC explains why.

Here is a direct video link.

Danielle was a guest with Jim Goddard on Talk Digital Network talking about recent developments in the world economy and markets.  You can listen to an audio clip of the segment here.

This morning we have further confirmation of slowing growth and rising unemployment in Canada. As discussed, this is likely to aggravate insolvencies and prompt the Bank of Canada to cut its policy rates in 2020. And as expected, the loonie is giving back much of this week’s rebound against the greenback on the news.  See: Biggest Job Losses since 2009 Tests Canadian resolve on Rates.