The yield curve on Canadian government bonds inverted the most since early 2007 as investors flocked to bonds on concern that Donald Trump’s surprise threat to impose tariffs on Mexican imports could derail the revised North American Free Trade Agreement.
— Read on www.bloomberg.com/news/articles/2019-05-31/canada-s-yield-curve-inverts-most-in-12-years-on-trump-tariffs
All of the World’s Carbon Emissions in One Giant Chart
Just 15 countries are responsible for almost three quarters of the world’s carbon emissions. But what does this look like per capita, and over time?
— Read on www.visualcapitalist.com/all-the-worlds-carbon-emissions-in-one-chart/
Visco Says Italy’s Debt Load Is ‘Severe Constraint’ on Economy
Italy urgently needs a “credible” strategy to cut a public debt load that risks imposing a “severe constraint” on the economy, European Central Bank Governing Council member Ignazio Visco said. The ratio of debt to economic output may exceed the levels targeted by the government in its latest plan,
— Read on ca.finance.yahoo.com/news/visco-says-italy-debt-load-083350758.html
The U.S. owns the world’s most gold. Here’s who comes in second – MarketWatch
This map shows which countries own the most gold worldwide
— Read on www.marketwatch.com/story/the-us-owns-the-worlds-most-gold-heres-who-comes-in-second-2019-05-30
Bitcoin emerges as the big winner this month in the financial markets, soaring nearly 60%
Bitcoin is closing out the month near $9,000 — a more than 68% rally from May 1.
— Read on www.cnbc.com/2019/05/30/bitcoin-emerges-as-the-big-winner-this-month-in-the-financial-markets-soaring-nearly-70percent.html
Here’s why China’s trade war threat to restrict rare earth minerals is so serious
About 35% of global reserves are in China, the most in the world, and the country is a mining machine, producing 70% of total rare earths in 2018.
— Read on www.cnbc.com/2019/05/30/heres-why-chinas-trade-war-threat-to-restrict-rare-earth-minerals-is-so-serious.html
Infographic: How Different Generations Approach Work
Summing up the differences in how generations approach work, including on topics such as communication, motivation, and employer loyalty.
— Read on www.visualcapitalist.com/generations-approach-workplace/
Yield Curve’s Turn Puts Microscope on Next U.S. Economic Reports
It all puts even more weight than usual on the next round of economic reports, starting with Thursday’s revised reading of first-quarter growth and culminating with the May jobs report on June 7. Investors have also been fretting about the U.S.-China trade war after President Donald Trump raised tariffs
— Read on ca.finance.yahoo.com/news/yield-curve-turn-puts-microscope-090000131.html
Singapore topples US to become world’s most competitive economy: IMD
For the first time in nine years, Singapore surpassed the United States and Hong Kong to clinch the title of the world’s most competitive economy, according to IMD’s 2019 World Competitiveness Rankings.
— Read on www.cnbc.com/2019/05/30/singapore-topples-us-to-become-worlds-most-competitive-economy-imd.html
Building a Simple Bond or GIC Ladder for Retirement
How to build a Bond or GIC Ladder is a simple three step process.
- Decide the amount of money to put into a Bond or GIC for the longterm $50,000, $100,000, $200,000 etc.
- As longterm interest rates are on the upward trend decide on what increments to invest in, 3rds, 4ths, 5ths.
Example: Intial Investment $50,000 (Split over 5 years equally)
Year 1 – $10,000
Year 2 – $10,000
Year 3 – $10,000
Year 4 – $10,000
Year 5 – $10,000
At Year 6 reinvest Year 1 into a new Bond or GIC, and keep repeating as each Bond or GIC needs to be renewed.
- The benefits paying taxes on only one-fifth of the interest earned on the Bond or GIC and protecting oneself as interest rates rise (positive) or as interest rates decrease (negative).
Author – Sam Latella – copyright 2019