Before the election you would hear about the fiscal cliff a few times but not much, now it is repeated and repeated.
Basically Washington has to get their budget under control, they are not new to this, plenty of countries ie. in Europe also have this problem, also Japan,actually a long list.
the Canadian federal government only took action when in a few more years (1990s) we would have had a credit crisis.
The sky is not falling and many of the problems are (can) be fixed, even if they move in the correct direction.
it is not a fiscal cliff, a cliff implies death, once you go over a cliff do you come back, this problem has been going on for a while and will not be solved overnight, or on any one day.
if they do not get an argeement (believe they will) hopefully it is a good one, instead of kicking the problem down the road for another year or two. if not then the US economy probably contracts anywhere from 2-4%, but now one will know for sure until it happens.
so 2% growth could be -2,-3%.
Agrium disapoointed but has moved off it lows, potash and mosaic did not have good numbers, and potash is doing worse than nitrogen, they are probably holds, note all of my positons ie. potash and agrium have covered calls, and a few uncovered call (much higher prices), good long term stocks but holds in the short term.
the cdn. groceries stores reported ie. Loblaws, and Metro, would buy Metro on a market pullbakc, ie. 10%, and loblaws is a hold though they increased dividend, still having trouble with their systems, after 10 years....
main downside is walmart and target making the space very competitive in Canada. note: Loblaws with joe fresh brand clothing may surprise...for now both holds, hope to add metro long term, on any weakness, hopefully.
thanks
selkirk
Basically Washington has to get their budget under control, they are not new to this, plenty of countries ie. in Europe also have this problem, also Japan,actually a long list.
the Canadian federal government only took action when in a few more years (1990s) we would have had a credit crisis.
The sky is not falling and many of the problems are (can) be fixed, even if they move in the correct direction.
it is not a fiscal cliff, a cliff implies death, once you go over a cliff do you come back, this problem has been going on for a while and will not be solved overnight, or on any one day.
if they do not get an argeement (believe they will) hopefully it is a good one, instead of kicking the problem down the road for another year or two. if not then the US economy probably contracts anywhere from 2-4%, but now one will know for sure until it happens.
so 2% growth could be -2,-3%.
Agrium disapoointed but has moved off it lows, potash and mosaic did not have good numbers, and potash is doing worse than nitrogen, they are probably holds, note all of my positons ie. potash and agrium have covered calls, and a few uncovered call (much higher prices), good long term stocks but holds in the short term.
the cdn. groceries stores reported ie. Loblaws, and Metro, would buy Metro on a market pullbakc, ie. 10%, and loblaws is a hold though they increased dividend, still having trouble with their systems, after 10 years....
main downside is walmart and target making the space very competitive in Canada. note: Loblaws with joe fresh brand clothing may surprise...for now both holds, hope to add metro long term, on any weakness, hopefully.
thanks
selkirk
