We had a very successful virtual event with our guest speaker Eric Lascelles, Chief Economist of RBC Global Asset Management. We discussed the impacts of Covid-19, the economy, upcoming US elections, low interest rates and more.
The first half of this recording is Eric's presentation and the second half is our Q&A discussion. Alexander Petrov asked some of his pressing questions as well as those of investors in the audience.
We encourage you to watch the entire video. However, we have taken the time to timestamp the recording in case you want to navigate through specific parts of the discussion.
Timestamps
Presentation
0:00 - 2:47 Introduction
2:49 - 11:10 Key Macro Themes
11:11 - 21:25 Covid-19 Data
21:26 - 40:40 Economic Data
40:41 - 43:50 Stock Market Comments
43:51 - 46:55 US Elections
Q&A
47:45 Why have markets risen while economy is still down?
50:50 Are we surviving on "artificial money" (stimulus)? Does this create a bubble?
53:35 With rates so low, why would anyone invest in bonds?
57:05 What if Trump wins?
1:00:55 How will the Government fund the stimulus packages? How will we pay for this?
1:03:33 Biden is against heavy oil. Is that bad for Canada (Alberta)?
1:06:00 What is your view on Currency? USD & CAD
1:08:00 What about REITs or Real Estate?
1:11:25 Are High Net Worth investors less charitable right now?
1:13:00 Bonus! How do you stay healthy and sane during Covid?