QUESTION: You always mention how there were defaults and suspension of debt during the Great Depression by states and municipals. Was this also true in Canada? JRT ANSWER: Oh, yes. Whenever commodities have collapsed, Alberta finds itself in trouble. Central banks look to the national market and not to the regional sectors.
The Democrats cheered the election of Alexandria Ocasio-Cortez (AOC) for they were sure that they were now going to be the party of the millennials. However, there is a growing division with the Democratic Party that for the first time may see itself fracture and divide as was the case when it split from the […]
I am writing from Frankfurt here for meetings ahead of the chaos awaiting the May elections. In Frankfurt, while the economy is clearly slowing, the financial capital is booming. New skyscrapers are rising to join those of Commerzbank, Deutsche Bank, DZ Bank, Helaba and others on Frankfurt’s skyline. This is another sign that there is a disparity […]
COMMENT: Marty, You have to help us out here. California tried to tax text messages. The feds stopped that. Now, LA county wants to tax Uber and lyft. They’re already taxing us, I think, for mosquito control. The mosquito control only hands out info too. It does no real work. This is crazy. Everywhere in California, […]
QUESTION: Global cooling….you talk a lot about global cooling in the colder winter this year. But what effect does it have on the future summer temperatures and growing of crops? GL ANSWER: This type of climate change has the potential to be very profound. 2019 is already setting new records for cold and snowfall. In the center […]
We have a very interesting crisis building in addition to the political chaos we see coming in 2020. By the time we reach 2021, we will have over $2 trillion in investment grade corporate debt maturing. This is going to present some very interesting problems. Up to now, we have advised our corporate clients to […]
There are some sensible Democrats who seem to afraid of coming out to criticize AOC. The real question becomes, will she take the Democrats down in flames? We will have to start running the models for 2020. The assumption here is that this is all human-induced. No one has ever heard of nature or cycles.
While Alberta has been supporting Canada for decades, the rising tide of environmentalists has devastated its economy to the point that people no longer seek engineering degrees in energy or exploration. The separatist movement is rising and the coming commodity boom may push Alberta to separate when they are unable to participate in an economic boom due […]
QUESTION: Thank you so much for your insight and for Socrates~~~I am wondering why you lend any energy at all to Ocasio~~~she is both stupid AND dishonest~~~yet I think from my experience reading you that you may have some logic. Tnx, JGE ANSWER: She actually has a greater following than Schumer or Pelosi, and they seem […]
While historically there have been three major events that altered political history, everyone on the left are cheering Cohen for what they hope will be the fourth. The first was the Supreme Court decision in the “Dred Scott v. Sandford” case which led to the founding of the Republican Party, and ultimately to the American […]
