Hello
We start with David Rosenberg looking at the inflation worries. He is in the camp of seeing lower rates in the not too distant future just as Jim Thorne has been saying for months.
Macro Voices welcomed JDI Research founder Juliette Declercq to the show to discuss why she thinks we’re in an immaculate disinflation run.
Goldmans’ podcast had their strategist on and he sees a flat market for the balance of the year.
Oil prices fell dramatically almost a decade ago due to new supply from the Permian Basin. Now that trend is changing as the people at Goehring & Rozencwajg explain, and it has many consequences.
Steve Saretsky gives an update on the housing market and the mortgage rates. Tim Cestnick provided a good piece on some tax changes that could really affect the not for profit sector.
Peter Zeihan does great geopolitical work, and he gives his reasons why Scotland is crazy to ask for independence.
Alan Arkin passed away and he had a close connection to Cape Breton.
Finally…the Women’s US Open is at Pebble Beach for the first time and I know my mom will be watching.
Have a great weekend!
David and Amy
Number 2 - MacroVoices #383 Juliette Declercq: Update on Immaculate Disinflation Thesis - MacroVoices
https://podcasts.apple.com/ca/podcast/macro-voices/id1079172742?i=1000619580614
MacroVoices Erik Townsend and Patrick Ceresna welcome JDI Research founder Juliette Declercq to the show to discuss why she thinks we’re in an immaculate disinflation, and what she sees on the horizon for markets. https://bit.ly/3O1WHrr
Download Juliette’s charts: https://bit.ly/3pyYn2f
Number 3 - Why global equities are poised for “fat and flat” returns - Goldman Podcast Series
Global equity markets have performed relatively well in the first half of the year, but can this performance last? Goldman Sachs Research’s Peter Oppenheimer, chief global equity strategist and head of macro research in Europe, explains why equity returns are likely to remain relatively flat from here.
Number 4 - Permian Basin is Depleting Faster than we thought - G&R
https://blog.gorozen.com/blog/the-permian-basin
If we are correct, the age of shale growth is now behind us, and the reality of Hubbert’s Peak is at hand. The immense growth of the shales over the past decade has blinded many analysts to the declining trends in global conventional production. That luxury is about to end.
Number 5 - Wind turbine troubles have sent one stock tumbling. There are fears it could be a much wider issue.
Siemens Energy stock plunged by around 37% on June 23, while other wind companies also saw shares retreat as investors worried that the problems at Gamesa might be a symptom of a wider issue for the industry.
“We have been aware for some time that turbine failure rates across the industry can — and should — be more widely understood,” Evgenia Golysheva, vice president of strategy and marketing at ONYX Insight, told CNBC.
Industry body WindEurope denied that industry-wide technical failures could be on the horizon, insisting that “the problems at Siemens Gamesa are limited to Siemens Gamesa.”
https://dailycaller.com/2023/07/03/wind-industry-could-face-serious-problems/
Number 7 - Proposed tax changes in Canada could stifle large charitable gifts
I know, I know. It’s not December yet, so why am I talking about charitable giving? Well, the needs in the community and among charities don’t wane in the summer months, though donating often does. And to make matters worse, there are looming changes to our tax law that will undoubtedly affect the level of large gifts that are made to charities in this country.
The point is that charities need all they help they can get, and higher-income Canadians have been driving the increase in giving over the last 25 years while the number of donors has declined. The changes proposed are a step in the wrong direction. Our federal government is not known for leading by example when it comes to tax policy worldwide – we often copy the United States or other countries – but in the case of discouraging donations from wealthy individuals, we stand alone.
Number 9 - 'He loved everything about Cape Breton': Locals remember acting legend Alan Arkin | SaltWire
A great actor who many did not know had an affinity with Cape Breton.
We hope you found the Top Ten interesting this week, and are looking forward to another selection of articles, stories, and commentary next week. If you know of anyone else who would be interested in receiving our weekly note, please let me know.
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