Date: Wednesday August 31, 2022
Time: 7:00pm, Pacific Time
Duration: Projected 60 minutes.
Where: Zoom (Registration)
Frequently Asked Questions:
Q: What are you doing?
A: The summer is ending – some economic thoughts, quick performance review, and taking some Q&A. There should be a few minutes left for Q&A, so please feel free to ask them on the zoom registration if any.
Q: How do I register?
A: Zoom link is here. I’ll need your city/province or state and country, and if you have any questions in advance just add it to the “Questions and Comments” part of the form. You’ll instantly receive the login to the Zoom channel.
Q: Are you trying to spam me, try to sell me garbage, etc. if I register?
A: If you register for this, I will not harvest your email or send you any solicitations. Also I am not using this to pump and dump any securities to you, although I will certainly offer opinions on what I see.
Q: Why do I have to register? I just want to be anonymous.
A: I’m curious who you are as well.
Q: If I register and don’t show up, will you be mad at me?
A: No.
Q: Will you (Sacha) be on video (i.e. this isn’t just an audio-only stream)?
A: Yes. You’ll get to see me, but the majority will be on “screen share” mode with MS-Word / Browser / PDFs as I explain what’s going on in my mind as I present.
Q: Will I need to be on video?
A: I’d prefer it, and you are more than welcome to be in your pajamas.
Q: Can I be a silent participant?
A: Yes.
Q: Is there an archive of the video I can watch later if I can’t make it?
A: No.
Q: Will there be a summary of the video?
A: A short summary will get added to the comments of this posting after the video.
Q: Will there be some other video presentation in the future?
A: Most likely, yes.
Summary:
* Couldn’t find anything amusing on /r/CanadianInvestor – a sign retail froth is exiting?
* Quarter-to-date status, portfolio changes
* High-interest savings ETFs and restricted trading on them
* Reaching for more yield (convertible debentures)
* Reconciliation of employment market availability, coupled with nobody seemingly wanting to work
* Interest rates, government fiscal balances, and status of QT
* FedNow = CBDC
* SPR/Oil inventories, Europe, LNG and Canadian incompetence (negative AECO pricing)
* Q&A
Also it was “Gibson’s Paradox” I was referring to – https://en.wikipedia.org/wiki/Gibson%27s_paradox
Any discussion or thoughts on Wildbrain debentures? Thanks.
They will obviously have to refinance or convert to equity leading to maturity (or blow out more of the Peanuts franchise or something), I generally do not think the present YTM is sufficient compensation given the state of their balance sheet. I could be wrong.
Thanks Sacha.
Sacha…what do you think of the risk/reward play on Goodfood debentures?
Perhaps if they announced a merger with AMC and changed the corporate strategy to combine cryptocurrency mining, movie watching/streaming, used video game selling, marijuana and social justice in one corporate entity the bonds might trade a little higher.
lol…gotta say I do like rolling the dice once in a while. I all out IVQ.db.v…In under 50, out at 90.