alberta

I For One Welcome Our New Robot Overlords

By Jeffrey P. Snider|2020-02-12T17:24:57-05:00February 12th, 2020|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Fears over machines aren’t anything new. The Terminator franchise got started in the eighties and was hardly original back then. In gross economic terms, it may seem like the robot invasion is a 21st century phenomenon. It isn’t. One need only go back to Alberta of all places and learn about the Canadian Clifford Hugh Douglas. Douglas preached something called [...]

The Monetary Wildfires In Canada

The massive wildfires in Alberta earlier this year had a tremendously negative effect upon not just the oil sector but all of Canada. Not surprisingly, Canadian GDP released today was abysmal. Falling 1.6% in Q2, that was the worst quarter since 2009. Fortunately for the Bank of Canada who had been “stimulating” again since last July when it cut the [...]

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