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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Central banks apologize as borrowers suffer

Published by Hilliard MacBeth on Dec 02, 2022

Philip Lowe, governor of the Reserve Bank of Australia (RBA), made a public apology for the statements that were made about interest rates. He told people that rates would stay low and now that rates have risen substantially many people are in trouble... Read more
Canada's central bank downplays the risks of a financial crisis

Published by Hilliard MacBeth on Nov 25, 2022

Canada’s private sector debt problem keeps growing larger. With private sector debt at about 230 percent of GDP, Canada has no room for error. And rising interest rates could force large numbers of mortgage borrowers into default, which could create a... Read more
Canada faces a huge challenge with emission reductions

Published by Hilliard MacBeth on Nov 10, 2022

Canada is about to hit the wall over CO2 emissions. Canada’s commitment to reduce by 290 million tonnes annually looks increasingly difficult to achieve. Canada is second only to Saudi Arabia in emissions of metric tons of CO2 per person, due to Canada’s... Read more
Bank of Canada wavers

Published by Hilliard MacBeth on Oct 28, 2022

The Bank of Canada blinked first as recession looms and the economy continues to adjust to much higher interest rates. The BOC hiked interest rates only 50 basis points on October 26 when the market expected 75 basis points. Is the Bank of Canada signaling... Read more
China is going through a rough patch with weak growth

Published by Hilliard MacBeth on Oct 21, 2022

China probably slipped into a recession recently. On October 18, 2022, data that were expected for third quarter GDP failed to appear. Websites stated that the information was delayed. China matters to everyone on earth as the second largest economy in... Read more
OPEC cuts crude oil supply again

Published by Hilliard MacBeth on Oct 07, 2022

OPEC cuts oil production by another 2 million barrels per day, adding to upward pressure on the crude oil price. Will OPEC keep control of the market for crude? On October 5, 2022, OPEC+ announced another 2-million-barrel reduction in crude oil production... Read more
Panic in London over interest rates and bond prices

Published by Hilliard MacBeth on Sep 30, 2022

The panic in UK government bond markets that gripped London Monday was a trigger for emergency action by the Bank of England, which reversed its monetary policy in an attempt to calm markets. The UK budget released late last week was not well received... Read more