I got my computer back from the shop and my power came on late last night. So I will try to catch up with my blogging.
Michael Pento writing in Town Hall Finance thinks that the next recession will be caused by defaults by companies with high debts. This is because of interest rates rising and some companies will have to pay a lot more for their debt.
I think that he might be right and maybe with current investing we need to stay away from companies with high debt levels. I realize he is talking about the American market, but this could apply to Canada too. Interest rates are rising here too. In bad times companies with high debt levels can get into problems. It could certainly be worse the next time because of rising interest rates.
On my other blog I wrote yesterday about Waste Connections Inc. (TSX-WCN, NYSE-WCN)... learn more. Next, I will write about Intertape Polymer Group Inc. (TSX-ITP, OTC-ITPOF)... learn more on Wednesday, June 13, 2018 around 5 pm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.