An opinion: U.S.headed for recession

[Rareearth]

Consider this:

Late yesterday, the US and Iran reached a framework agreement on a nuclear deal. There’s still some negotiating to be done, but this is a big step. If all goes according to plan, the two sides will sign a comprehensive agreement by June 30, and the West will lift all sanctions on Iran’s banking and oil industries. Some analysts predict that the impending flood of Iranian oil could drive prices down to $20 a barrel.

On a more bullish note, global demand for oil could surprise to the upside this year. And there’s also the serious risk that Saudi Arabia’s oil exporting infrastructure could be damaged if its intervention in Yemen backfires.

[Rareearth]

Then if oil is $20 bucks a barrel, what is the Canadian dollar relative to USA green back?

[cottonpicken]

The big problem with zirp and money printing is that it pulls forward demand and now that we are seven years in we are facing structural challenges with over supply. Copper mines,iron ore,oil etc etc.

How many more ghost cities is china really going to build?they used more cement in three years than the us did in the entire 20th century. I dont know about you guys but that blows my mind.

If the entire world wasnt racing to debase their currencies we would be in a serious shit storm Ricky. (Trailer park boys)

If you guys are in oil keep a good eye on the charts and inventories

[errolanderson]

Alberta is definately in a (Trailer Park Boys quote).

Not only is the largest sector tied to energy, but cheap money have investors borrowing to invest in equities while delaying a mortgage pay down.

Now oil has collapsed, real estate is weakening and stock markets? Ricky at least calls a spade-a-spade.

[cottonpicken]

Errol,you been following all the stock buy backs?

Weird.

A fund manger i follow actually started an etf tracking companies that use free cash flow to purchase their shares,as apposed to debt finance buybacks like cp,anywhoos them top share holders are going to make out like bandits.

[cottonpicken]

Should have said-make out like bandits,if they time their exit properly

[TOM4CWB]

Hunter is gone from CP in 2017... what does that say! Especially when a hedge fund started this whole shmoz!!

Meanwhile Grain growers pay billions to pad pockets... there should be a law against this type of CNCP abuse of the Canadian Economy!

[Rareearth]

You got it Tom!

This battle with the railways will go no where if people from various sectors complain. It will be vied as winning ag sector again.

Now if it's about the Canadian economy, GDP, jobs, winning a election, global competitiveness, maybe there is a chance it won't be derailed by lobbiests.

I support your efforts.