Money Sense

[formosan]

Prices are DOWN! under Saint Trump!!!! 

Prices came down here too when our new Prime Minister repealed the consumer carbon tax........but they will go back up when Prime Minister Carney makes his new industrial carbon tax and carbon tariff on foreign goods without an industrial carbon tax the law.

[Brent]

I was never worried.....I've never been worried about temporary fluctuations.

Only broke old bums like Joe give it a second thought.

[DKG]

Donald Trump's letter to Canada announcing 35% tariffs on its northern neighbor has sent US stock futures lower on Friday. Trump sent the letter late Thursday, which warns Canada and Prime Minister Mark Carney not to retaliate.

Futures for the Dow Jones Industrial Average, S&P 500 and NASDAQ 100 are all trading a half percentage point lower before the opening bell on Friday. The tech-heavy NASDAQ is performing about 15 basis points better than the value-centric Dow Jones.

US Treasury yields climbed on the news, while European stock markets slid on expectations Trump would offer a higher tariff rate on the European Union than the 20% he originally announced in April.

[Herman]

Funny how all the 'tariff experts' vanished now that the stock market's booming. Almost like they were never experts at all.

[Renegade Quark]

The definition of an expert is a guy from out of town.

[Thiel]

Sen. John Kennedy reveals what's holding the economy back
Sen. Kennedy, R-La., discusses President Donald Trump's trade deals, the July jobs report and more on 'America Reports.'
https://www.foxnews.com/video/6376454807112

[DKG]

Trump is allowing alternative assets in 401(k) plans.

The president said he is aiming to democratize access to alternative assets, including private market investments, digital assets, and real estate assets.

[formosan]

Trump is allowing alternative assets in 401(k) plans.

The president said he is aiming to democratize access to alternative assets, including private market investments, digital assets, and real estate assets.

American IRA's are the equivalent of our RRSP's?

[Herman]

The U.S. Stock market added $13.5 Trillion of value in 4 months.

[DKG]

American IRA's are the equivalent of our RRSP's?

The IRA (individual retirement account) and RRSP (Registered retirement savings plan) offer the same financial path and tax advantages in savings for retirement.

The rules regarding early withdrawal and maximum yearly contributions are different.

[DKG]

The events of Nov. 20 offered a fresh reminder of the chaos. As The Wall Street Journal noted, "Stocks surrendered gains and closed sharply lower after a whirlwind day of trading that began after Nvidia posted strong results. The Nasdaq composite led indexes lower after being up on the day more than 2%. It closed 2.2% lower. Nvidia gave up an even bigger gain and finished the day down 3.2%."

Why the reversal? Because investors suspect that, in fact, there is an artificial intelligence bubble.

It's not an unreasonable fear. History shows that every transformative technology, from automobiles to the internet, inspires waves of speculation. The presence of a bubble doesn't mean the technology isn't revolutionary; it simply means that early hype tends to sweep up both the winners and the doomed.

Artificial intelligence is inspiring the same mix of excitement and dread. Some companies may never produce the margins to justify today's investment frenzy. OpenAI, though not publicly traded, sits at the centre of countless partnerships with massive firms like Oracle and Nvidia. If it stumbles, the shock could reverberate across the market.

The numbers fuelling today's optimism are staggering. As The New York Times reported, "It would not be a stretch to describe this period of hyperactive growth in the tech industry as a historic moment. Nvidia, which makes computer chips that are essential to building artificial intelligence, said (on Nov. 19) that its quarterly profit had jumped to nearly $32 billion, up 65% from a year earlier and 245% from the year before that. Just three weeks ago, Nvidia became the first publicly traded company to be worth $5 trillion." That's more than Germany's entire economy.