Friday, January 10, 2020

More economic canaries in the mine of markets

There goes the Canary in the Mine of Markets again and it goes a long way to highlighting and explaining the widening US/Canada income gap. Put another way, your RRSP or TFSA is worth barely 10% more than it was when Trudeau took office. An American IRA is worth about 55% more (depending on your mix of investments) than it was when Trump took power. As someone finally mentioned recently, as with Reagan in 1984, Trump's key Re-Election question must be:"Are you better off now than you were 4 years ago?". It should have been the question the Conservatives asked 24/7 in the benighted 2019 Election Campaign.

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