Canada has been labeled one of the most stable countries in the world right now as compared to the U.S and Europe. Canada with its stable banking system and previously financially conservative citizens have avoided many hardships that other countries are experiencing.
However, Canada is more likely on a delayed time-frame than the U.S and will experience difficulties in the coming years as it cannot avoid the effects of a global slowdown. A ballooning consumer debt problem is arising with hot housing market cooling and citizens using more credit than ever.
This bull market has been going since October 2011 with a slight break in Dec.2011 and June 2012, while unemployment rises and the latest earnings season not fairing well with lowered analyst earnings projections.
I am in the camp that the U.S. stock market is being heavily manipulated. You have the U.S Fed chairman saying that they are holding off on QE 3, but they are lying and in the background they are injecting more printed money to prop up the stock market.
Who knows when this will happen (my guess within 5 years), but these 2 videos (Part 1,2) gives an idea and amplitude of the ripple effects of such a historic event.
Update: These videos were removed, YouTube removed the original author’s account. So, if you don’t think that YouTube is censoring for the Government you are wrong. I have subsequently found another user that have re-uploaded it.
China slowdown and probably more money printing by ECB and the U.S. Fed in the next little while. If more bad economic data comes out of the American economy, then markets will react negatively.
Gold is good for this uncertain environment as well as credit products (bonds) from emerging economies.
Three years into this supposed “recovery”, as the U.S. Government would have you believe. The American economy is really doing worse than when they started injecting printed money into the markets. The fact is the U.S is already in a “Depression”, there are many economist and statistics that have already proven this but mainstream media controlled by the government of course will not release this to the public.
I am glad Bloomberg is recognizing that the tech earnings hasn’t been that great. I’ve been noticing this and trying to figure out the disconnect between what is going on with the NASDAQ. The majority of tech reporting bad earnings but the NASDAQ is still at lofty levels of 2900…there is a big disconnect here.
