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January 5, 2018 | Canadian Dollar Above 80 Cents US for the Right Reasons

Bob Hoye has been in investment business for some 50 years, making him one of the more experienced researchers. His historical work has been thorough providing the first recognition of the fascinating transition from speculation in commodities to speculation in financial assets. It was controversial when Bob observed that “No matter how much the Fed prints, stocks will outperform commodities”. In January 2000, the research team concluded that the Dot-Com Bubble would peak in March 2000. In early 2007, the team outlined that the credit markets would reverse in May-June 2007. They did and the stock market followed. The latest was the call in early October for the Bitcoin Bubble to complete in December. Bob’s essays and speeches on political change and on actual climate change have been widely circulated.

The Hoax of Carbon Taxes

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Archives January 5th, 2018

Posted In: HoweStreet.com Radio

2 Comments

  • Tony Veiga says:

    I had a business proposition for Bob in which we would bottle air and get Western governments to pay us handsomely for doing it but during the course of my research I discovered that other companies and governments already had done it. It is called carbon sequestering and carbon taxing. I will try to come up with another idea Involving pet animals and/or human babies. The general population and its’ government leaders always are suckers for those.

  • Norman Heubeck says:

    Hi Bob,

    I have enjoyed your interviews on Howe Street. As a market historian, are you impressed by the comparison of Fed’s actions in the late 1920’s and their present policies?

    Benjamin Strong, governor of the Federal Reserve Bank of New York from its inception to his death in 1928, consistently and repeatedly used his power to force an inflationary increase of money and bank credit in the American economy. His policies stimulated disastrous booms in the stock and real estate markets. In 1927, Strong gaily told a French central banker that he was going to give “a little coup de whiskey to the stock market.” These policies resulted in a stock market bubble and the resulting crash and depression.

    Apparently, Yellen and her merry cohorts of money printers have no historical appreciation of the Fed’s previous disastrous policies. The have changed the name from coup de whiskey to quantitative easing, but the result is the same – an increase in money supply and credit, and of course a boom in stock markets and real estate. Possibly, Yellen never read how those policies turned out.

    You have touched on Strong’s policies in the past. History may not be repeating here, but it seems to rhyming like crazy.

    Norman Heubeck
    Florida

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