Trump 2.0 is destined to fail Published by Hilliard MacBeth on Jan 31, 2025 President Trump was inaugurated for the second time on last week. He is taking over the Presidency at an unusual time for the economy and financial markets. Trump has only a small chance of living up to the hype and expectations over his promise to Make... Read more
Canada should use the nuclear option against Trump Published by Hilliard MacBeth on Jan 24, 2025 As soon as February 1, the U.S. might impose a 25 percent tariff on all imports from Canada. Crude oil is one of the biggest Canadian exports to the U.S. One possibility for retaliation, termed the “nuclear option”, is to cut off all crude oil exports... Read more
Musk will take a chainsaw to government spending Published by Hilliard MacBeth on Jan 17, 2025 The Department of Government Efficiency, known as DOGE, is headed by Elon Musk and Vivek Ramaswamy. Elon Musk is well known as the world’s wealthiest entrepreneur, while Ramaswamy was a candidate for the Republican nomination in 2023. The goal of DOGE... Read more
A credit crunch coming soon Published by Hilliard MacBeth on Jan 10, 2025 Hints of an imminent credit crunch in the U.S. and Canada are piling up. Too much debt in commercial real estate, residential real estate, credit card balances, personal loans, mortgages, builders’ construction loans and even governments could trigger... Read more
A very reliable recession indicator is flashing red Published by Hilliard MacBeth on Jan 03, 2025 Among the several U.S. recession indicators warning of trouble to come, this might be the best one to watch. Yield curve inversion sounds a bit wonky, but it is straightforward. The yield curve on government bonds is derived from the different interest... Read more