The US welcomed the new year with yet another grim milestone. The US Gross Federal Debt has crossed $34.0 Trillion (or) $34,000,000,000,000. This number is “meaningless” for many people as the number is so huge its impossible to comprehend. Some may say “who cares”. They might as well run it to $100 Trillion. In an …
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Electric Vehicle (EV) sales are booming in many parts of the world. China is the leading the world and Europe is also playing catch. Countries such as Norway are already ahead of many other countries in Europe in EV adoption. Ironically Norway is one of the major oil producers with state-owned Equinor(EQNR) as one of …
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The economic growth of a country and its equity market returns are not directly linked. Conventional wisdom would imply that higher economic growth leads to higher equity market returns and vice versa. But that is not always the case. In fact, the relationship between a country’s GDP growth and its equity market returns is weak …
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Merry Christmas to our readers. The following is a painting by Italian artist Mattia Preti who lived from 1613 to 1699. The painting is titled “The Nativity (Adoration of the Shepherds)”. Click to enlarge Credit: Mattia Preti Source: Liverpool Museums Have a Happy and Prosperous New Year too !
Canada’s benchmark S&P/TSX Composite Index is up by 7.12% on price return basis year-to-date as of December 21, 2023. The YTD total return, which includes reinvested dividends, is even better at 10.58%. The TSX Composite Index has generated an annual total average return of 7.51% over the past 100 years from 1920 to 2022 according …
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