The basic premise is that overpaying for earnings today leads to lower rates of return in the future. Of course, given the flood of liquidity from global Central Banks, the overvaluation of markets is of no surprise. While Central Bank interventions boost asset prices in the short-term, there is an inherently negative impact on economic […]
Read more "#MacroView: No, Bonds Aren’t Overvalued. They’re A Warning Sign."Freedom of speech is not the high holy ideal it once was. Freedom of expression, the wider concept, expression as thought, speech, art, performance and protest, is likewise no longer the clear and unchallengeable central core value of our democracies. They have, alas, often been broken, but until very recent days, whenever they were violated, […]
Read more "Rex Murphy: We care nothing for free speech - Trudeau plan to regulate the internet is but a symptom"Lockdowns are accomplishing little benefit, but colossal damage. That’s the conclusion of a research paper by Simon Fraser University Economics Professor Douglas W. Allen, who concludes «it is possible that lockdown will go down as one of the greatest peacetime policy failures in Canada’s history». Professor Allen’s paper is an examination of over 80 research […]
Read more "FUREY: New Canadian study breaks down ‘ineffectiveness’ and harms of lockdowns"Ottawa’s move to regulate video posts on YouTube and social media called ‘assault’ on free speech The Liberal-dominated House of Commons Heritage committee has cleared the way for the federal government to regulate video content on internet social media, such as YouTube, the same way it regulates national broadcasting, under a new amendment made to […]
Read more "Ottawa’s move to regulate video posts on YouTube and social media called ‘assault’ on free speech"In June a full hearing is scheduled by the Federal Court to hear a number of challenges to the government’s health restrictions in response to COVID The Federal Court refused to order an immediate end to the federal government’s quarantine hotel rules, but agreed it is an issue needing close judicial scrutiny because of restrictions […]
Read more "Federal court refuses to end quarantine hotel rules, saying health order remains until full hearing in June"To start, it was clear for some time that the government’s decision to spend more than $100 billion in so-called short-term stimulus was a political solution in search of an economic problem. If you search for an output gap, even in the short term, you’ll find the budget arithmetic doesn’t match the current economic data. […]
Read more "Robert Asselin: The federal budget has no answers on the question of growth"A new study from the Massachusetts Institute of Technology challenges widespread social distancing guidelines, asserting that the «six-foot rule» is inadequate in mitigating indoor transmission of COVID-19. «Our analysis shows that many spaces may be safe to re-open at full occupancy, while others carry significant risk,» MIT Professor Martin Bazant, who conducted the study alongside […]
Read more "MIT study challenges indoor social distancing, highlights ‘inadequacy’ of 6-foot rule"In 2021, Canada really is sterilizing lesbian, gay, autistic and depressed children, and calling that «human rights.» The false consensus enforced by the courts cannot hold. Canada’s prisoner of conscience, the British Columbia father who tried to prevent his child from undergoing pediatric transitioning, has been sentenced for criminal contempt of court. Legal commentators and […]
Read more "Father sentenced to 6 months for violating gag order about child’s medical gender transition"The message conveyed was that the sell-off in the bond market has been a sign of a strengthening economy, not rising inflation concerns. The Fed duly raised its 2021 real GDP growth estimate at that meeting from 4.2% to 6.5% and the core PCE inflation forecast from 1.8% to 2.2%. In a speech in early […]
Read more "EUROZONE YIELD CURVE CONTROL IS HAPPENING, IS THIS BAD FOR THE EURO?"We should call it what it is: Reverse Perestroika Welcome to the new Canada, where on Monday the Liberal government launched a grand experiment in retrograde economic policy. Canada is now moving in the other direction. The 724-page Liberal budget, a document worthy of the great Gosplans that dominated Soviet economic life, lays out a massive increase in government spending […]
Read more "Terence Corcoran: Liberal budget marks a major shift toward centralized state planning"