Hilliard’s Weekend Notebook

Thoughts, views and opinions as current events unfold: With topics taken from current market events and my latest book — When the Bubble Bursts: Surviving the Canadian Real Estate Crash (Dundurn: March 2015)  and my first book Investment Traps and How to Avoid Them (1999) — this short piece will give you unique and valuable insights filtered by my thirty-six years’ experience as an investment professional.

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China stock markets getting cheaper and cheaper

Published by Hilliard MacBeth on Jul 30, 2021

Stock markets in China are getting even cheaper. The Hong Kong-based Hang Seng Index is down more than 20 percent from its January 2018 high. The Chinese government is cracking down on the largest technology companies. Investors are getting spooked by... Read more
A gray rhino in China could rock the world

Published by Hilliard MacBeth on Jul 23, 2021

China has a property bubble second to none in the world. Evergrande is the second largest property developer in China and one of the largest in the world. Could Evergrande’s troubles burst the Chinese property bubble? Source: Macmillan Publishing, 2016... Read more
OPEC faces an existential threat

Published by Hilliard MacBeth on Jul 16, 2021

OPEC failed again to reach agreement among its members and others to increase the supply of crude oil, a failure that risks an even greater surge in the price of oil which could trigger a worldwide recession. Five of the last six recessions have been... Read more
Canadians need wishful thinking to believe in the housing bubble

Published by Hilliard MacBeth on Jul 09, 2021

Canadian housing is expensive. Household debt in Canada is at record levels. And yet there is still enthusiasm about buying more real estate, and very little fear of a crash. Why are Canadians so complacent about houses? Canadians buying real estate have... Read more
Wilful Blindness and money laundering

Published by Hilliard MacBeth on Jul 02, 2021

“Wilful Blindness”, by Sam Cooper, describes how Canada has become a prime destination for money laundering. The book, released in 2021, ranks as a best seller for its entertaining and shocking descriptions. However, the reader is forced to ask uncomfortable... Read more
Housing bubble in Canada one of the biggest

Published by Hilliard MacBeth on Jun 25, 2021

Canada has one of the largest housing bubbles in the world, according to Bloomberg Economics. The top 3 countries at risk are New Zealand, Canada and Sweden. The warnings signs are as intense as they were in the run-up to the global financial crisis in... Read more
The Federal Reserve hints at higher rates

Published by Hilliard MacBeth on Jun 18, 2021

A turning point for interest rates may have arrived. Federal Reserve members hinted at raising their official interest rate above zero sooner than expected. Until now the Fed had maintained that rates will stay “lower for longer” without any hint imminent... Read more
Higher inflation puts a popular investment at risk

Published by Hilliard MacBeth on Jun 11, 2021

U.S. Consumer Price Index (CPI) inflation increased by 5 percent year-over-year, and 0.6 percent in the month of May - an annual rate of 7.2 percent. The core CPI, which excludes the volatile components of food and energy, rose even faster at 0.7 percent... Read more
Activist David threatens Exxon Mobil Goliath

Published by Hilliard MacBeth on Jun 04, 2021

Exxon Mobil suffered a setback at its annual shareholder meeting in voting for members of the board of directors. Exxon lost the vote on three members, giving an activist investment fund a quarter of the seats on the twelve-member board. This new firm... Read more
The IEA claims that net zero by 2050 is possible but difficult

Published by Hilliard MacBeth on May 28, 2021

The International Energy Agency (IEA) released a special report on May 18, 2021, called “Net Zero by 2050: A Roadmap for the Global Energy Sector”. The IEA is sponsored by the largest countries in the world, including Canada, Australia and the U.S. and... Read more