I came across an interesting little economics video this week.
Economist Walter E. Williams discusses the power of profit.
How the profit motive explains why anything actually gets done in a free market system.
And why non-profit organizations, such as government agencies and public schools, are less efficient than they could be. (more…)
As discussed in Saskatchewan Economic Success, natural resources are a key driver for the province’s current economic success.
Learning about Saskatchewan’s natural resources is important for many different people and for multiple reasons.
And not just for those living in Saskatchewan. Or only the natural resource sectors. (more…)
My wealth management business is based in Saskatchewan, Canada.
Within Canada, the Saskatchewan economy is doing quite well. The main reason is that Saskatchewan has substantial reserves of natural resources.
But it is more than that. After all Saskatchewan had resources since the dinosaurs liquified.
So why the good times now? (more…)
A November 2011 survey of financial professionals predicts a somber outlook for 2012.
Each year, a worldwide sample of Chartered Financial Analysts (CFAs) are invited to participate in a Global Market Sentiment Survey. As the title suggests, the survey looks at “market sentiment, performance, and market integrity issues in 2012.”
The survey also provides predictions on growth in the global finance profession.
The report makes for interesting reading.
Although I did not participate in this years survey, I share many of the findings. (more…)
A lot may be learned by studying the current fiscal crisis in Europe.
What policies caused today’s fiscal and economic situation in Europe?
What behaviour exacerbated the problem?
What can others learn so as to avoid getting into the same difficulties? (more…)
Europe continues to go through its latest financial crisis.
What has gone on and what will happen in the future?
Well, if we knew for certainty what the outcome will be, we would all be billionaires. Or, at the least, we might be running MF Global instead of Jon Corzine and they would not be in Chapter 11 bankruptcy proceedings today.
But we can go through a summary of what went on and where we are at today in Europe. (more…)
I am constantly asked why global equity markets are experiencing so much volatility right now.
I think there are a variety of significant factors working together to create uncertainty in the markets. Each on their own impacts market volatility (or risk), together they are a nightmare for investors.
Today a quick summary of the major variables affecting global markets. (more…)
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