Description: Bankruptcy filings are surging due to the economic fallout of Covid-19, and many lenders are coming to the realization that their claims are almost completely worthless. Instead of recouping, say, 40 cents for every dollar owed, as has been the norm for years, unsecured creditors now face the unenviable prospect of walking away with just pennies… Read more »
Posts Categorized: Personal Finance
Looks like a ‘double top’ in the S&P 500, investor Mark Mobius warns
Description: The S&P 500 is forming a “double top” going into the U.S. election, which is a worrying sign for investors, according to veteran investor Mark Mobius. Source: CNBC.com – video report Date: Oct 27, 2020 Link: https://www.cnbc.com/2020/10/27/looks-like-a-double-top-in-the-sp-500-investor-mark-mobius-warns.html Questions for discussion: What is a double top formation? What does it signal to investors? What would you advise… Read more »
The forces driving the Canadian dollar have changed — it’s not just oil and the Bank of Canada anymore
Description: A catalyst is emerging for the Canadian dollar that is gnawing at the central bank’s influence and potentially its monetary policy: the performance of global equities. The loonie has traditionally been seen as a commodity-linked currency because of the country’s vast natural resources. But trillions of dollars of stimulus, along with interest rate cuts… Read more »
Opinion | Kara Swisher Talks Big Tech Monopolies and the Google Antitrust Case with Lina Khan
Description: Opinion | Kara Swisher Talks Big Tech Monopolies and the Google Antitrust Case with Lina Khan Source: NYTimes.com – podcast Date: Oct 30, 2020 Link: https://www.nytimes.com/2020/10/29/opinion/sway-kara-swisher-lina-khan.html Questions for discussion: What are the issues relating to the tech monopolies? How do you think the conflict between the parties will play out? How will the results… Read more »
Opinion: Apple, Amazon, Facebook and Google all produce record sales amid Big Tech backlash
Description: Amid congressional tongue-lashing, antitrust issues and pandemic, Big Tech earnings soar again Source: MarketWatch.com Date: Oct 29, 2020 Link: https://www.marketwatch.com/story/apple-amazon-facebook-and-google-all-produce-record-sales-amid-big-tech-backlash-11604020309?mod=home-page Questions for discussion: Summarize what is happening at these tech firms and why? What sort of future do you see for these firms over the next six months? Explain your thinking and advice to… Read more »
The bond market is starting to wake up with interest rates headed higher
Description: The bond market appears to be waking up. After trading in a close range since June, Treasury yields are starting to break out of their range and look set to edge higher. The 10-year yield reached a high of 0.834% early Wednesday morning and was hovering just at the 0.80% level in afternoon trading…. Read more »
Raising Your Next Round? Here’s What You’ll Hear From Venture Capitalists Today
Description: Amid the Covid-19 pandemic and virtual meetings, this is what’s top of mind for venture capitalists. Source: INC.com Date: Oct 21, 2020 Link: https://www.inc.com/matt-cooper/raising-your-next-round-heres-what-youll-hear-from-venture-capitalists-today.html Questions for discussion: What are the reasons for concern, as explained in the article? What do think of this assessment? What should investors do, given this information?
Crisis Management: How to take over a sinking business
Description: Yahoo Finance Canada’s Alicja Siekierska and strategy expert Mark Satov discuss whether companies should buy a business that is struggling in the pandemic now, or wait until a recovery is well underway. Source: Yahoo.Finance.com – video report Date: Oct 16, 2020 Link: https://ca.finance.yahoo.com/video/crisis-management-over-sinking-business-183602594.html Questions for discussion: What is Mark Satov’s advice? Can you give… Read more »
‘A crazy time’: Toronto landlords dish out incentives as rental market cools
Description: The Toronto rental housing market has pulled a 180. Before the pandemic, Canada’s largest city was characterized by a rush of renters competing for places to call home. But the tables have turned as a result of a pandemic that’s upending conventional wisdom about the way we live. Source: BNNBloomberg.ca – video report Date: Oct 22,… Read more »
‘Nightmare’ U.S. stock valuations driven by ‘young, dumb’ investors, fund manager says
Description: U.S. equity valuations have become a “total nightmare” fueled by “young and dumb” investors, according to Cole Smead, president and portfolio manager at Smead Capital Management. Source: CNBC.com – video report Date: Oct 15, 2020 Link: https://www.cnbc.com/2020/10/15/smead-nightmare-us-stock-valuations-driven-by-young-dumb-investors.html Questions for discussion: What are the reasons for concern, as explained in the article? What do think… Read more »
