Monday, February 11, 2019
Continued...2019: Let's Count The Ways Of How Things Are Going Wrong With The Sunny Ways Liberals So Far...
...and now a SNC-Lavalin scandal whereby a law was changed in SNC-Lavalin's favour. Just? Warranted? Only if you are a large Liberal donater.
Gold Implying $1,340/oz by March Based on the Options Market
Based on the option chain for the underlying SPDR Gold Shares (GLD:NYSE), we can see the heavier open interestes around US$1,240/oz to US$1,270/oz for the SPDR Gold ETF. Since this ETF trades at an approximate U$70/oz discount to the actual spot gold price, thereby implying a ~US$1,340/oz gold price.
With US governemnt shutdowns, deteriorating Chinese economic and default data, calming but still outstanding trade wars, some central bank buying and flattening interest rates it may be easy to see a US$55/oz increase in the near term.
With US governemnt shutdowns, deteriorating Chinese economic and default data, calming but still outstanding trade wars, some central bank buying and flattening interest rates it may be easy to see a US$55/oz increase in the near term.
Thursday, February 7, 2019
Is GM On The Verge Of A Repeat? UNIFOR's Dias Would Like It To Based On HIs Half Brained "Boycott" Campaign (Pensioners and Future Pensioners Be Very Concerned)
UNIFOR's Jerry Dias is sending the wrong message - if he truly wants to save auto jobs at companies like GM, he should suggest to BUYING their cars.
As GM has posted its year end results, the Canadian public at large falling victim to the one way auto workers union ads and criticism from its leader Dias, focuses on two numbers - US$8 Billion "profit" as posted by GM yesterday for 2018 and a multi-billion figure (that no Canadian can actually quote but they just know its big) "bailout" that occurred due to the Global Financial Crisis of 2018. With only these two numbers in their heads, Canadians are infuriated and blindly throw their anger at GM while boycotting the cars they make. This is the wrong approach.
For context and clarificaiton, US$8 BIlion is an "accounting profit", this is not CASH! Looking further, GM only posted US$5.6 Billion in CASH! generation for 2018....on US$147 Billion of revenues! That is, approximately 3.0% of revenues! These are grocery store like margins!
Upon further investigation, for 2017 and 2018 it was a wash for CASH! generation. There was ~US$2.0 Billion CASH! lost followed by a year of US$2.0 Billion CASH! generated.
In other words, looking at the last three years, ~U$452 Billion of revenues were generated, yet only US$5.6 Billion in CASH! was generated. THIS IS NOT A HEALTHY BUSINESS!!!
Nevermind the US$86 Billion in Long Term Debts. This, unfortunately, does not even include the US$16 Billion of Pension obligations. If I was expecting a pension from GM, I would be very concerned.
If Canadians truly want any chance of Oshawa receiving some benefit from GM they had better start BUYING GM cars, NOT BOYCOTTING GM. This is not a healthy business, and for those that will benefit from the Pensions line in the balacne sheet, GM is going to need all the help it can get, not boycotts.
As GM has posted its year end results, the Canadian public at large falling victim to the one way auto workers union ads and criticism from its leader Dias, focuses on two numbers - US$8 Billion "profit" as posted by GM yesterday for 2018 and a multi-billion figure (that no Canadian can actually quote but they just know its big) "bailout" that occurred due to the Global Financial Crisis of 2018. With only these two numbers in their heads, Canadians are infuriated and blindly throw their anger at GM while boycotting the cars they make. This is the wrong approach.
For context and clarificaiton, US$8 BIlion is an "accounting profit", this is not CASH! Looking further, GM only posted US$5.6 Billion in CASH! generation for 2018....on US$147 Billion of revenues! That is, approximately 3.0% of revenues! These are grocery store like margins!
Upon further investigation, for 2017 and 2018 it was a wash for CASH! generation. There was ~US$2.0 Billion CASH! lost followed by a year of US$2.0 Billion CASH! generated.
In other words, looking at the last three years, ~U$452 Billion of revenues were generated, yet only US$5.6 Billion in CASH! was generated. THIS IS NOT A HEALTHY BUSINESS!!!
Nevermind the US$86 Billion in Long Term Debts. This, unfortunately, does not even include the US$16 Billion of Pension obligations. If I was expecting a pension from GM, I would be very concerned.
If Canadians truly want any chance of Oshawa receiving some benefit from GM they had better start BUYING GM cars, NOT BOYCOTTING GM. This is not a healthy business, and for those that will benefit from the Pensions line in the balacne sheet, GM is going to need all the help it can get, not boycotts.
Monday, February 4, 2019
Tax Tips For Retirees: Beyond the RRSP
http://business.financialpost.com/personal-finance/taxes/three-tips-to-help-retirees-minimize-their-taxes-and-maximize-their-cash-flow
Friday, February 1, 2019
2019: Let's Count The Ways Of How Things Are Going Wrong With The Sunny Ways Liberals So Far...
- Immigration - first come first serve immigrants (Parents to be "re-united" with Canadian immigrants. It is made to sound like the children were taken away from them to Canada.
- Raj Grewal - resign? not resign? Liberal? Independent? Illegal entry still occurring.
- Carbon Taxes - no pipeline, so why a carbon tax? It's -35 degrees in a lot of the country!
- China handling and John McCallum - we still have Canadians locked up and one facing an a more severe and upgraded punishment of death!!! Justin's non-answer to the question posed in House of Commons
- Pipeline? Still no pipeline (but hello carbon tax)
- Housing - (appearing to) cater to millenials in order to purchase a new home. All the while making it harder for everyone else with stress tests, etc thereby forcing Canadians to forego the biggest tax free investment of their lives meanwhile the Liberal Government taxes all those million dollar investments in the meantime.
- Others to follow...
More Unnecessary Leftist Attitude That is Bringing Canada Down - The CBC Compares Netflix to a HIstoric "Empire" Like the English, French....?
What? She actually made this comparison?
So add this comment along with what's happening in the country and Canada is the country of business sabotage - hinder Canadian businesses with regulations of the highest degree, shut down entire industries with intentional regulations and laws to bog down that indusrty, burden businesses with additional taxes (carbon) and dictating salary levels, allow Candian companies to be acquired...but now block international companies coming to Canada? Absurd.
https://nationalpost.com/news/canada/cbc-president-tait-warns-of-cultural-imperialism-danger-from-netflix
So add this comment along with what's happening in the country and Canada is the country of business sabotage - hinder Canadian businesses with regulations of the highest degree, shut down entire industries with intentional regulations and laws to bog down that indusrty, burden businesses with additional taxes (carbon) and dictating salary levels, allow Candian companies to be acquired...but now block international companies coming to Canada? Absurd.
https://nationalpost.com/news/canada/cbc-president-tait-warns-of-cultural-imperialism-danger-from-netflix
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