Michael Moore Visits CNBC
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September 28th, 2009 by AdvisorAnalyst
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Michael Moore pays CNBC a visit to discuss his views on the “legalization of greed”, and his new documentary, Capitalism: A Love Story. A provocative interview in the US, but here in Canada, Moore’s ideas are commonplace. Its a good country, Canada. Let’s face it, despite all of the things we complain about, we sure are lucky aren’t we?
According to Moore, there’s a foreclosure filing every 7 1/2 seconds now in the U.S., every 1 of 8 homes is in foreclosure - “There’s something wrong with a system that tells you to go out and make as much money as you can, any way you can, without asking how your activities are affecting your society, your country.”
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Read more from the author/contributor here.
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What do you think? Bull or Bear Rally? Inflation or Deflation?
Tags: Bear Market, Bull Bear, Canada, Economic Risk, inflation, Market Rally, Midst, PollPosted in Markets |
October 23rd, 2009 at 3:46 pm
Neither…
It is a bear market recovery and the start of a long term bull market.
Lyle Atkins CFP, RFP
Investment Counsel
October 24th, 2009 at 7:46 am
Lyle,
That puts the argument to bed. I’d like to know if there is any precedent to that. That would be an interesting discussion.
Pierre Daillie
AdvisorAnalyst
October 30th, 2009 at 11:12 am
I believe Canada’s immediate economic risk is the slowdown in consumer spending growth in the industrialized nations due to demographics (aging Boomers). I feel this will lead to low or no inflation, possibly mild deflation, and the same with GDP growth.
October 30th, 2009 at 2:21 pm
Dear Andrew,
Your assessment is well thought out. Thanks for sharing that. It appears that a majority of advisors about 70% or so believe there is an immediate risk of deflationary concerns coming, and that is most likely precipitated by our strong dollar, and what you cited, as far as declining consumption from boomers - demographics are playing a more significant role in economic outlook, at least in the long term scenarios.
Thanks again,
Pierre Daillie