O' No! Canada (Part 2)

Socialist Justin Trudeau is now the Prime Minister of Canada and running the Canadian Government.  Services make up 68% of its economy.  Canada is heavily depended on natural resources:  petroleum / oil accounts for nearly a whopping 25% of its economy. The auto industry makes up for 10%.  Interestingly enough, gold makes up 3% of its economy.  When one mixes Socialists policies with falling oil and natural resource prices, and a sagging auto industry, that does not make for a good mix for an economy to prosper. 

As I mentioned in a post several years ago, the Canadian economy was booming due to high oil prices and a recovering auto industry.  The leader, Stephen Harper, was the Prime Minister from Alberta and very friendly towards businesses, especially the oil industry as his home province is a hotbed for the oil industry.  Since then oil has fallen, the markets have reacted, and the people have voted for a new regime that has far opposite and leftist policies than that of Harper's party. 

O' No! Canada (Part 1)

Since my last visit to Canada, I noticed that things weren't going as well economically as I thought.  I was a bit disappointed because I have relatives and friends in almost every province in the country and my expectations were a little high.  But then I learned that Canada is dependent on natural resources such as oil and timber.  So what has happened in past couple of years?  Oil has collapsed, the Conservative party was ousted and now the Socialists are running the show, not a good mix for an economy to prosper.  However, I got a sense that people are alright with it.  After all, a lot of Canada's industries are nationalized; pensions, health care, education, timber to name a few.  In my next article, I will go more into depth about Canada's economy and government: 

Wow Marcon Disses Trump!

Unreal, newly elected French President dissed newly elected United States President Donald Trump.  There must be more to this, is this simply a microcosm of the battle between the Capitalists vs. Socialists systems?  Anyhow, very interesting what goes on behind the cameras.  Will the French economy struggle more with the election of a Socialist?   Will the United States economy continue its mighty ascent?  Thoughts?

Interesting article and television interview with legendary investor Jim Rogers.  Topics include:  Russian and Japanese stocks, the United States economy and Amazon stock: 

http://www.msn.com/en-us/money/markets/jim-rogers-the-worst-crash-in-our-lifetime-is-coming/ar-BBCl6BS?li=BBmkt5R&ocid=spartanntp

The democratic leadership in the Senate is slowly dwindling. Three senior Senators in the past three months have left, resigned or are resigning from office! Is this a prelude to the 2016 elections? Will the Republicans take control of both houses? Will the American economy show noticeable improvement after the current term of the administration expires? If this is indeed a trend, could it be that the economy will improve and interest rates rise? For the last seven years, the economy has been abysmal. Salaries have increased on average 1.5-2% for the average American. Is this a reflection of the socialists having control of this highest seat in the Government?