Phil’s Weekend Roundup – September 28, 2019
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Philip MacKellar is an analyst, portfolio manager, and investor at Contra the Heard Investment Newsletter. He has been with the company since 2011 and has been investing since 2004. The newsletter’s primary focus is on contrarian and value-oriented investment opportunities traded in the United States and Canada. In addition, Philip sometimes engages in M&A, other special situations, and holds bonds, preferred shares, and convertible securities. Contra the Heard is a Toronto based company and was founded in 1995. Philip also blogs about personal finance topics on his own website called mymoneymoves.ca in his free time. You can also follow Philip at the Globe & Mail, on Twitter @Rallekcam, and catch him on YouTube at Contra the Heard.
Welcome to the second edition of my weekend roundup, intended to present investors with interesting articles, interviews, and long form reads while cutting through the clutter of the news cycle. Here are some highlights from the last two weeks. Enjoy and feel free to comment, like, and share:
- Read: As thousands march as part of a global climate change protest, KPMG’s 2019 Global CEO Outlook survey notes environmental/climate change risk as the top threat to growth. Other top-ranked threats cited by CEOs in this survey include disruptive technology, return to territorialism, cyber security, and operational risk.
- Watch: Economist Robert Shiller visited CNN to discuss his new book, Narrative Economics, which studies how stories can influence the direction of the economy, and how recessions have been caused by popular narratives.
- Read: The US-China Trade War shifts, with the White House deliberating blocks on US investment in China. This may make for interesting discussions in October when trade talks are expected to resume.
- Read: In addition to cutting interest rates, the US Federal Reserve recently resumed “repo” purchases for the first time in a decade. This makes reading Frank K. Martin's August blog post all the more worthwhile. In it, he shares his thoughts on the state of the economy, debt trends since 2000, and the problems with central bank intervention.
- Read: The attack on Saudi Arabia’s oil infrastructure may impact global shipping companies as they prepare to comply with new IMO Sulphur 2020 regulations. The rules require shippers to reduce sulphur emissions. The Saudi attack significantly reduces the global supply of cleaner / low sulphur maritime fuels.
Stay tuned for more content in the coming weeks.
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