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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The Federal Reserve is both arsonist and firefighter

Published by Hilliard MacBeth on Feb 26, 2021

The stance of the Federal Reserve chair, Jerome Powell, as confirmed publicly this week, is for continued support for the economy, as 10 million jobs are still missing. A year ago the Fed lit a fire under prices for assets like stocks with its expansion... Read more
A commodity super-cycle

Published by Hilliard MacBeth on Feb 19, 2021

The price of base metals, especially copper and nickel, are known as indicators of future economic growth. While the validity of that relationship is in doubt, it makes sense that base metals would move higher with an expectation for rapid economic growth... Read more
Corporations are jumping on the green energy bandwagon

Published by Hilliard MacBeth on Feb 12, 2021

Many corporations are announcing new sustainability or net-zero emissions targets, by a set date, usually 2050. More than 620 companies announced a science-based target in 2020. The total for 2021 will be even higher. As they struggle to meet these targets... Read more
Inflation the most likely outcome

Published by Hilliard MacBeth on Feb 05, 2021

The unprecedented run of increased government deficits continues apace in 2021. Governments and central banks have decided that borrowing for stimulus during the recession is more important than worrying about debt levels. How does this rapid acceleration... Read more