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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Expectations for help are very high

Published by Hilliard MacBeth on Sep 25, 2020

The optimism about the Canadian economy that appeared in late spring and continued into the summer was created in part by generous government income support and payment deferrals. Now that complacency will be tested as the mortgage deferral cliff, the... Read more
Zombies must go now

Published by Hilliard MacBeth on Sep 18, 2020

The number of zombie companies is increasing exponentially. As Japan learned in the 1990s, a predominance of companies that cannot pay their debts is bad for the economy. Central bankers kept interest rates unusually low, helping firms stay alive that... Read more
Bank of Canada runs out of ideas

Published by Hilliard MacBeth on Sep 11, 2020

Monetary policy, as practiced by central bankers around the world, has been ineffective for most of the last decade and longer. In the current crisis, their traditional toolkit, which focuses on manipulating interest rates, has failed. Is there more that... Read more