Keith Oland

Global Strategist at IceCap Asset Management. Canadian, Nova Scotian, Traveller, Hockey player. Not Investment Advice.

[Keith Oland @KeithOland]

@mnicoletos @IceCapGlobal 👊💪

[Keith Oland @KeithOland]

@PeterofRecord @IceCapGlobal Thank you @PeterofRecord!

[Keith Oland @KeithOland]

@IceCapGlobal Thanks @IceCapGlobal! Certainly glad to have this behind me.

[IceCap @IceCapGlobal]

The weekend has started in Turkey.

[IceCap @IceCapGlobal]

Warm thank you to @RealVision & @SteveSaretsky for a thoughtful, engaging & fun conversation about #Canada. Both foreign + domestic investors should be aware of the monetary and fiscal extremes in Canada, as well as the state of the housing market.

[Keith Oland @KeithOland]

@MeharBhogal @Exposed768 You have to consider the politcal ramifications of such a decision. It is much more complicated than downgrading a corporate entity. Also worth noting that Fitch downgraded Canada a little less than a year ago.

[Keith Oland @KeithOland]

Due to recent events in #Turkey $TRY, we are reposting our 2020 outlook outlining our concerns about the Turkish economy & the #Lira. This is still relevant to the current situation, especially after Erdoğan’s firing of CB Governor Ağbal.
https://t.co/YznyuIEOw0

[Keith Oland @KeithOland]

@mnicoletos @HoweGeneration Just bought this two days ago. Very serendipitous, considering your post. Excited to dive in!

[Keith Oland @KeithOland]

Another stellar piece by @IceCapGlobal, where we refute the speculation of a Dollar collapse and the potential for the $USD to lose its world reserve currency status.

This is a well written, easy to understand, informative, and witty publication, that is definitely worth a read.

[IceCap @IceCapGlobal]

To understand the fate of $USD you have to go back 75 years & understand how everything from the Bretton Woods Agreement has now collapsed. Read more in the IceCap Global Outlook "Hysteria" https://t.co/iPKnaDWXoH

[Robin Brooks @robin_j_brooks]

Storm clouds are gathering on the horizon for EM, as markets focus on US election uncertainty. A messy outcome means a big "risk-off" that may hit those countries hardest that are already stressed. Markets zeroing in on Turkey & South Africa. EM policy makers should take note...

[IceCap @IceCapGlobal]

Emerging Mkt FX weakness during a day of $USD weakness should have your attention. $BRL is especially weak today, as is $RUB & $MXN. A stronger global recovery is needed to arrest the EM fall. Follow the path.

[BNN Bloomberg @BNNBloomberg]

#BREAKING: FEDS TO INCREASE CANADA RECOVERY BENEFIT TO $500 PER WEEK

[Keith Oland @KeithOland]

@paulday15 Yeah the NDP has an incredibly weak hand, even though with the Bloc and the Conservatives stating that they won't support the Throne Speech. But yes, it appears that WE has been largely forgotten about. Lots of new policy initiatives and 2 party leaders with Covid will do that!

[Keith Oland @KeithOland]

Trudeau explains increased spending by citing low-interest rates, and saying that doing less would lead to larger deficits in the future. Preparing Canadians for large deficits to be announced in the fiscal update and budget.

[Keith Oland @KeithOland]

@paulday15 Still, CERB runs out soon and people need answers on what will replace it. The Liberals have also promise paid sick leave in the past so I wouldn't be surprised if they meet that demand.

[Keith Oland @KeithOland]

@paulday15 @paulday15 it will be interesting to watch them play chicken with eachother. The Throne Speech basically outlinned an NDP platform, and it would be strange for the NDP to vote against it. Also the NDP is in no positon to go to the polls w/ their current funding issues.

[Keith Oland @KeithOland]

Good considerations by @mnicoletos. It's important to remember that raising rates isn't painless. Higher rates will hinder the credit fueled economic growth that #Turkey has grown accustomed to. It will also cause a sell of in Turkish #Equities. Real rates still negative.

$TRY

[Michael Nicoletos @mnicoletos]

#Turkey's Central Bank raised interest rates by 2% to 10.25% (expectation was for no hike).

With real rates still being negative and real CB FX Reserves also being negative, the downtrend of the Turkish Lira (#TRY) should continue...

Now imagine the #DXY rallying in tandem...

[Keith Oland @KeithOland]

Reactions to #ThroneSpeech2020. Paul Sandhu's thoughts are excellent.

https://t.co/p61px11TxA

[Keith Oland @KeithOland]

This is a good recap of #ThroneSpeech2020.

https://t.co/1xIG9Rw4As

[Keith Oland @KeithOland]

$200-$250 Billion may be a bit high, but I wouldn't be at all surprised if we cleared $125Bn. I only counted two new revenue measures. I'll be watching the fall fiscal update very closely, but we can state with confidence that there will be a major increase in national debt. $CAD

[BNN Bloomberg @BNNBloomberg]

$200-250 billion could be added to the deficit with throne speech measures: Marret's Sandhu