By Ken Fisher, The Globe and Mail, 17-11-2023
Debt got you down? Duelling debt dramas pervade financial headlines from Oshawa to Orlando. Are North American governments – and consumers – living on borrowed time? With interest rates up, folks fear a reckoning.
Let us dissect it to grasp a different reality: U.S. or Canadian, government or consumer, these debts aren’t near any looming calamity. Markets see this clearly, while most people can’t. Let me show you.
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By Ken Fisher, The Globe and Mail, 19-10-2023
Fade out or fake out? While Canadian inflation’s surprise September slowdown sparked some optimism – and fanned Bank of Canada rate pause chatter – many remain skeptical. A similar situation is unfolding in the United States and the euro zone.
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By Ken Fisher, The Globe and Mail, 25-09-2023
Record highs! Hot growth in a sideways global economy! Is it time to load up on Japan? Yes and no, with myriad nuances. Done rarely and right, Japan is fine. Otherwise, no.
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By Ken Fisher, The Globe and Mail, 18-08-2023
This year’s first half put the nail in the coffin of 2022′s global bear market. The new bull market’s rise has been led by the same categories that were hit hardest in the downturn. Doubters from Halifax to Helsinki can’t see it, but that beautiful bounce isn’t done. So where to turn now? Here are three key sectors likely to lead this young bull market higher – and three likely to underperform.
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By Ken Fisher, The Globe and Mail, 20-07-2023
Awe-inspiring? Anxiety-inducing? Apocalypse-inciting? Eight months since ChatGPT’s debut sparked an artificial intelligence craze (and a Canadian privacy probe), society still can’t put its finger on what AI really implies. A recent survey found that 63 per cent of Canadian respondents worry about AI – well above the 52-per-cent global average. Yet another camp sees it as an express ticket to riches – the next dot-com boom. Which is it? You needn’t choose. AI holds opportunity and risk. Just keep in mind that both sides tend to overstate its ramifications.
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By Ken Fisher, The Globe and Mail, 17-05-2023
Time to buy gold? As the legendary metal nears all-time highs—and headlines project more ahead—it may seem intriguing. But beware: Gold is more volatile than stocks, with lower long-term returns than bonds. It requires impeccable market timing—otherwise, it is a drag. If you can’t time stocks, which rise far more often than fall, don’t try gold. Consider these factst dulling gold’s glitter.
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By Ken Fisher, The Globe and Mail, 21-04-2023
For over a decade, bears claimed puny interest rates were the sole reason stocks soared, saying investors had no viable alternative. They see global central banks’ rate hikes ending that. Fallout from failures at Credit Suisse and U.S. regional banks further fan those fears. But such thinking is folly. Interest rates don’t rule stocks. Here is why.
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By Ken Fisher, The Globe and Mail, 21-04-2023
For over a decade, bears claimed puny interest rates were the sole reason stocks soared, saying investors had no viable alternative. They see global central banks’ rate hikes ending that. Fallout from failures at Credit Suisse and U.S. regional banks further fan those fears. But such thinking is folly.
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By Ken Fisher, The Globe and Mail, 16-03-2023
Silicon Valley Bank sunk! Contagion in European bank fears. The Fed fright. Inflation raging! What horrors can sink stocks anew?
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By Ken Fisher, The Globe and Mail, 22-01-2023
Are Bank of Canada rate hikes sunsetting soon? Economists and commentators wonder, as the central bank's inaugural 2023 meeting nears.
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