inflation

Today on INK Ultra Money, we are treated to Hugh Hendry's colourful interview with Richard Werner who wrote Princes of the Yen which takes a critical look at the behavior of the Bank of Japan and other central banks. However, Werner provides a prescription for improving the role of central banks, and without giving away the punchline it does not involve aggressive interest rate policy. Reading between the lines, Hendry and Werner also point to a weak spot for Canada (think reliance on housing asset inflation). Werner also makes a bold prediction that the influence and roll of central banks is going to keep getting bigger. Central bank backed digital currencies could even help pave their road to dominance.

Speaking of getting things right, we continue to ask will it be a G or D economy in the years head? It is a critical question for the asset allocation decision as inflation-sensitive stocks should do well under a G scenario while bonds and bond proxies such as software stocks could outperform in a D-economy world. In our latest free Insights newsletter, we report that insiders are signalling that the odds of a G-economy appear to be picking up. With that in mind, today INK Research looks at a stock that could enjoy a G-economy world.

This morning, Real Vision hits on some potential big trends that we would expect to develop in our G-economy scenario. Should this scenario unfold, the investing environment will be a lot different than what investors experienced over the past decade. Meanwhile, some insiders are betting on better days ahead in the oil patch.

We start off with Dr. Peter Warburton, director of Economic Perspectives. He joins Real Vision to explain his thesis that the world is entering a new era of fiscal dominance which sounds a lot like INK's G-economy theme. He argues that the policy response to the coronavirus crisis has resembled war-time measures.

In the latest free Canadian Insider Insights newsletter, we suggest a cautious approach towards the April rally. However, we continue to believe that Canadian mid-cap stocks have an important role to play as we move through the COVID-19 pandemic.

On INK Ultra Money, we hear Vincent Deluard explain how society is essentially asking the poor and its youth to make sacrifices for the benefit of the rich and elderly. He suggests that inflation is the ultimate outcome of this ask. We also highlight a gold royalty company hitting the INK Edge screens.

During this period of market volatility, let the insiders help you identify opportunity. Join us as a Canadian Insider Club Ultra member for access to INK premium insider reports and Real Vision videos. Tuesday is your last day to save 50% annually on a Club or Club Ultra membership. Listen to Ted Dixon's April 8th Howe Street interview for the coupon to use at checkout to save 50% every year until you cancel.

Billionaire Dr. Thomas Kaplan argues that the macro and micro stars are aligning for a golden opportunity in gold over the next five years. We revisit this free Real Vision video where Drew breaks down Kaplan’s conversation with Dan Tapiero to dig up a few nuggets of wisdom. It's an engaging video which aired in December and preceded gold's recent move higher.

Kaplan: Central banks are the ultimate insider buyers (watch the video)

Kaplan has a major investment in NovaGold Resources (NG) via his Electrum Strategic Resources L.P. So far, the billionaire's big bet is paying off.

With political tensions heating up again in the Middle East, the oil price is likely to find a bit more support as stockpiles are increased around the world just in case something goes really wrong. A firmer oil price would help to firm up inflation expectations which could have big implications for stocks. In my New Year's Eve interview with Jim Goddard at HoweStreet.com, I explain my view that inflation expectations will likely be a key driver of returns in the coming year.

Here is what's new today on INK Ultra Money. All Canadian Insider users have access to today's free video and audio, while Canadian Insider Club Ultra members have access to all premium videos from Real Vision and INK Research. If you are not an Ultra member of the Canadian Insider Club, join today and save $99 on an Ultra membership every year (until you cancel) by using coupon code BLACKBOX at checkout (valid only for new Club memberships).

1. Golden Opportunities from "Midas" - Real Vision (free video)

 Dr. Thomas Kaplan argues that the macro and micro stars are aligning for a golden opportunity in gold over the next five years. Drew breaks down Kaplan’s conversation with Dan Tapiero to dig up a few nuggets of wisdom.

Central banks are the ultimate insider buyers

2. Bucking the big bank blues - INK Research (free audio, Ultra subscriber video)

On Sunday in Doha, major oil exporting countries failed to come to an agreement with respect to limiting production. Despite the collapse in talks, oil has bounced back from its initial sell-off early Monday. It appears that Doha's failure is actually giving our theme that growth may surprise on the upside a boost. With oil production still going full-steam ahead outside of the United States, there must be something at work to keep prices from collapsing.