michael61 (Street Articles Author)
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This is Not 2008 Again
With the recent crash in commodities prices, including everything from corn to copper, to crude oil, many are starting to wonder if we’re seeing a repeat of 2008. In Alberta, they rely heavily on oil for the province’s revenues and economy, and have seen many downturns over the past 40…
By:  in  Investing  >  Retirement Planning   Mar 02, 2015  
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Greece is Not Fixed
Last week the new Greek government capitulated to the EU in grand fashion, after talking tough for weeks and making all numerous controversial statements. Greeks had high hopes this government would end their “austerity” and restore some dignity to their lives…they were wrong though. In the end, the Syriza party…
By:  in  News and Society  >  Economics   Mar 02, 2015  
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USA is Not An Island
The global economy is slowing, deflation is setting in everywhere. Emerging economies have lost their momentum and are falling into recession, while many advanced economies aren’t doing much better. Most countries are in too much debt, some are in far, far too much debt, and have no hope of ever…
By:  in  Investing  >  Retirement Planning   Mar 02, 2015  
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Who Shot Boris Nemtsov?
Boris Nemtsov is the symbolic figure of the 20% of Russians who are against the Putin government. He had fallen in popularity of late, as Putin’s popularity rose with his anti-west rhetoric and actions to back it. Taking Crimea was a wildly popular act in Russia, as most Russians viewed…
By:  in  Politics  >  World Politics   Mar 02, 2015  
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No Capitulation, No Cure
For most economists and business leaders, the sum of all their fears would be a cataclysmic crash, much like 2008. Yet, it’s this kind of crash, or capitulation, which is what’s needed and ultimately leads to a true recovery. I’ve chosen the picture in this article purposefully, it’s a perfect…
By:  in  Investing  >  Retirement Planning   Feb 19, 2015  
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Tarsands Will Continue Producing
In a recent article by the Globe and Mail, an oil analyst explained it this way, “production of oil is how energy companies earn revenues, and revenues are what they need the most right now. Cutting production is death.” This simple, common sense logic seems lost on most people right…
By:  in  Business  >  International Business   Feb 09, 2015  
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Canadians 2nd Only to Greece In Debt
When it comes to personal debt levels, it’s no surprise that Greeks top the charts, but guess who’s in 2nd place? One might expect to hear Spain, or Italy, or some other country in a depression, but in fact it’s Canada. Canadians are hog wild over debt, and have been…
By:  in  News and Society  >  Economics   Feb 09, 2015  
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Canadian Companies Falling
The past few weeks brought the shocking news that one of Canada’s darling companies, Bombardier, is in big trouble. Bombardier manufactures planes and railcars, the only company in the world to do both. Although not nearly as big as Boeing, Bombardier is still a player in the aerospace field, and…
By:  in  Business  >  International Business   Feb 09, 2015  
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Canadian Retailers Dropping
It seems every week that goes by another retailer calls it quits in Canada. And even strong retail brands are quietly closing stores here and there. The mighty Starbucks closed its flagship location in Vancouver on the famous Robson street shopping district. It had been there for years, maybe even…
By:  in  Business  >  Retail   Feb 09, 2015  
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Suspicious Canadian Employment Stats
Since oil crashed in 2014, the Canadian economy has been reeling. Yet that wasn’t the start of Canada’s problems, long before oil fell, there were signs everywhere of contraction. Empty storefronts, rising office vacancy rates, prime retail space sitting empty, and canceled LNG projects due to the price of natural…
By:  in  News and Society  >  International   Feb 09, 2015  
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