The US Treasury Secretary Janet Yellen explained at a New York even that she does not think the US is going to have a recession. But I think she’s wrong. In 2019 I wrote a post warning that a recession was likely right around the corner. I also predicted that when it happens the stock market would fall… Read More »
Energy sector bounces back The human brain can often exaggerate negative emotions in the midst of uncertainty. It’s why otherwise calm drivers are susceptible to road rage behavior. Similarly, a stock market crash can cause investors to fixate on the bad news, lose perspective, and extrapolate recent trends into a dreadful future. Here’s a business headline from mid… Read More »
How to make money in oil regardless of market conditions Drilling for oil can be such a boring job. ? At least it provides a good income, though. But it’s becoming harder these days to find work in the oilfields. A year ago oil was trading at $90/barrel. Today, WTI has fallen below $40/barrel. Canadian crude is selling… Read More »
Financially speaking this has been the best year for me so far. Here’s a 2014 year end review and some updates about what’s been going on in my personal life. Braces Removed Earlier this year I decided to get braces for financial reasons. According to my research people with very straight teeth make more money than the average person. The… Read More »
What you can buy for a Canadian dollar these days is absolute noncents. 😀 The loonie has sunken to a multi year low, valued at only $0.86 U.S. The lower Canadian dollar rate today means it’s more difficulty for Vancouverites to pick up milk and cheese for half the price across the border. This Canadian dollar trend going lower will probably… Read More »
I’ve had a decent month resulting in a wealth gain of $5,800. Mostly thanks to my investment gains. I received $200 of interest payment this month from my Sherritt high yield bond, with an 8% coupon, which I blogged about how to buy earlier this year. The price for a barrel of oil has fallen in the last 3 months from… Read More »