Tue, 23 May 2017
In a tone strikingly similar to what the Fed said in 2008, Canadian government officials are proclaiming the real estate mess contained. If past is prologue, it will be anything but contained and will likely metastasize into something far worse. These bubbles never end well and this one will be no different. Are Canadians too legit to start declaring strategic defaults en masse? Next, Danielle believes that your financial advisor has to be a sound risk manager ahead of all other considerations. It's a case of an ounce of prevention being worth a pound of returns. Often you're far better off not losing than trying to win a windfall and suffering big losses as a result. It's just human nature. |
Tue, 23 May 2017
Nick Santiago joined us today. For those not familiar with his work, he's one of the savviest traders around. He's never afraid to go long, short or sideways. He's a contrarian extraordinaire. Right now he's long autos, and sees the dollar going higher shortly. He believes that it has already made its low. He believes the stock market is heading for rough times in the 2nd half of the year. One thing we know for sure, it's never a good idea to bet against Nick. |
