By Paul Vieira
Speaking at an event sponsored by the American Enterprise Institute, a conservative-leaning think tank, [former Canadian Prime Minister Paul Martin] said whoever wins November’s election must address the U.S.’s burgeoning deficit the very next day because the economy is at risk of reaching a “tipping point.”
…….Mr. Martin does have pedigree on the subject. He was Canada’s finance minister in the mid-1990s when the-then Liberal government made deep spending cuts that tamed a spiraling deficit and restored market confidence in [the] country. By fiscal 1998, Canada had returned to a budget surplus — its first in nearly three decades.
via Canada’s Budget-Cut Veteran Has Warning for U.S. – Real Time Economics – WSJ.
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.