Green hydrogen is a great new opportunity for Newfoundland and Canada Published by Hilliard MacBeth on Aug 26, 2022 Germany wants Canada to become a world leader in the production of hydrogen. With a visit from a star-studded delegation from Germany, Newfoundland gains credibility as a potential new centre for clean hydrogen. The delegation included German Chancellor... Read more
Warren Buffett loses his magic touch Published by Hilliard MacBeth on Aug 19, 2022 The massive conglomerate Berkshire Hathaway, run by the famed investor Warren Buffett, reported a large loss in the second quarter. Berkshire lost money because of accounting rules that require that losses on securities that are held must be recorded... Read more
The Bank of England is on the hot seat Published by Hilliard MacBeth on Aug 12, 2022 The Bank of England ignited a firestorm by calling for much higher rates and predicting inflation of 13.3 percent by the end of 2022. Is the Governor of the BOE overreacting? Source: Bloomberg The governor, Andrew Bailey, has put himself and the BOE under... Read more
The official recession label will come much too late to be useful Published by Hilliard MacBeth on Aug 05, 2022 The probability of recession in the U.S. is high. The popular definition of recession — two consecutive quarters of negative growth — has already occurred. But there is no official declaration of recession, yet. Why the delay in calling a recession? Some... Read more