Greener Pastures Ahead, Predicts LJM

The market started out 2016 with a precipitous fall, with the Dow Jones and S&P 500 wiping $1 Trillion off the stock markets balance sheet with $6 trillion in losses worldwide. With a January so calamitous, many economists are claiming the sky is falling making investors wary. The Bank of Scotland went so far as to call 2016 a ‘cataclysmic year’ and that investors should sell everything and buy bonds.

Wild January, Blue Skies ahead

As a real estate developer, currency guru and general market prognosticator I believe the worst of 2016 may be behind us. With the end of January just passed, the Dow surged in the last days up 397 points although it was down 5.5% in the month.

Not just the stock market corrected itself but the price of oil could be seen leading that charge lower with many world currencies following the roller coaster down. Oil is down to a 12 year low at $26 a barrel but has since increased to $33.50 a barrel and has virtually remained over $30 a barrel.

This Wild January was not just confined to the US, where China saw its stock markets plunge an unprecedented 23% on fears that their GDP will continue to fall this year. The January decline was somewhat expected, in the range of a 10% worldwide correction, but it seems the interest rate hike by the US Fed in December may have caused a further decline.

Cause & Effect

The IMF (International Monetary Fund) requested the US wait on their increase but with internal pressures mounting to raise their rate, the US Fed raised their rate by 25 basis points, the first time in 7 years. January’s decline coupled with the fears over China’s sliding GDP led to a global sell off much larger than anyone anticipated.

These causes can be seen to have immediate impact on the global markets including the slide of many currencies. The Canadian Dollar lost 40% in the month reaching a bottom of $0.68 to the USD. Other currencies that saw similar declines include Australia, Brazil, Poland, Hungary and Mexico.

The Upside is Green

Now that we have all seen the bottom in 2016, it looks like the stabilization that I was talking about in December with a slow but constant climb in 2016 can begin. The Goldman Sachs’ Oil Prediction from September 2015 of just $20 a barrel seems unlikely with the bottom of the oil market hitting $26.

With the most recent recovery, the future in currency, oil, real estate and stock markets will all gradually improve. The lifted Iranian sanctions will help to improve exports for many countries doing business with Iran. Even with Iranian oil coming to market I predict oil to stabilize for the rest of 2016 in the $30-$40 range as China’s demand continues in a consistent pattern.

Current Predictions

I also have a strong feeling that many Middle Eastern countries that pegged their currencies to the USD will consider de-linking them in the near future including the United Arab Emirates, Kuwait and Saudi Arabia. A very strong USD causes export issues for a linked currency in these countries.

The US stock market will still rocket past 18,000 in 2016 on the back of value purchases for blue chip companies like Netflix, Haliburton, Apple, and Bank of America who have been hammered in share price unfairly.

With China’s government approving stimulus spending to its agenda, its economy will begin to stabilize and keep its current growth trajectory through 2016 raising its GDP from current 6.5% predictions to as high as 7% GDP. China’s GDP is a tide that raises all boats and will improve currencies and markets around the world, most notably in Australia and New Zealand.

Surprisingly it was the EU that stopped this current accelerated market global decline with an announcement of more stimulus to its markets. The US will remain the shining light in 2016 with strong fundamentals, large corporate profit announcements and the Federal Reserve is unlikely to raise rates further in the first half of 2016.

Disclaimer

 
The opinions stated in this article are those solely of Mr. Liaquat Mian, and do not represent financial or investment advice, and may not represent L JM developments. Individuals must seek independent qualified financial advice from a licensed financial services provider before making any investments. Opinions, predictions, and forward looking statements in this article should not be used for making financial decisions or investments. Investors must be aware of the risks involved in making investments and must seek professional advice.

 

 

2016 Global Market Outlook by Liaquat Mian

2015 is coming to a close and it’s time to reflect on the year that’s passed and look to 2016. As a real estate developer, property manager, financial analyst, and wealth manager I take great pride in being adept at reading market trends and developing strategies to predict future movements.

Economies on the Move

The most important impact on the global markets is the G8 economies.

The US Powerhouse

Let’s turn our attention to the US market first, as it is a bright spot in the world that many markets are turning to in order to emulate their comeback. First expect the Federal Reserve to increase interest rates in the first quarter of 2016. Since this rate has remained unchanged for 7 years, the Fed is looking to essentially relay to the world that ‘hey, look at us, our economy is on the right track’.

Yet, do not expect a huge rate increase. As the rate is only 0.25%, even a 10 basis point jump is a 40% increase in the rate. Yet with employment numbers increasing and the economy rebuilding it is a symbolic sign that the world’s largest economy is back on top.

Dow Jones prediction: 1^st Quarter Peak of 20,000

Canada experiences the Good and the Bad

Ontario and British Columbia are the net winners of the new global currency realizations. Although the slide in the Canadian currency has seen slow manufacturing growth to date, you can expect this sector of the economy to pick up through 2016. These two provinces are the traditional manufacturing powerhouses and they can expect the biggest growth in manufacturing. Part of this growth will be boosted by foreign investments that see Canada as a bedrock of stability compared to most international markets. With the EU countries still trying to climb out of their recessions, Canada and its trading partnership with the US is a bright spot for investors. Unemployment will stabilize in these provinces, but employment growth will still be a slight increase.

Unfortunately for Alberta, Calgary specifically and Saskatchewan and other provinces that have started to rely on oil revenue the news is bad. With oil prices stuck in the lower end of their trading range for the previous two decades and not likely that they will climb out any time soon, these provinces are in for revenue losses. This is already being seen in the Alberta oil patch with massive layoffs. These layoffs will continue to ripple outward affecting their economies at large as these citizens cannot contribute to the public purse.

Under the new Prime Minister with large deficit spending on infrastructure, the economy will grow in 2016 and benefit as the spin off stimulus of this spending is felt nationwide. Canada can expect a continued stream of wealthy newcomers from instable regions of the world, bringing their wealth with them. These two factors together will provide a spending stimulus to keep the Canadian economy in positive territory through 2016.

The European Union

The unfortunate stage of Europe was set in 2008-09 when the EU did not do enough to boost and stimulate their economies as the US had done. The stimulus packages now under distribution will need to further manifest in their economies, which will not see dramatic results for 2-3 years’ time. The EU will need to continue to establish Euro currency liquidity, establish calming market tactics, employ aggressive asset purchasing and print more currency. The union will also continue to cap the bond market in order to prop up Greece. Growth will be modest and most likely under 2%.

Other Countries of Note

China’s GDP has dropped below double digit growth since the 2008 global recession, but do not expect it to return to that growth. The new normal in China will be high single digit growth and will remain in the 7% to 7.5% range over the next two years.

Brazil, Russia, India and other South American countries are in for trouble over the next two to three years. Instability in their economies will lead to labour shortages and growing instability. Their currencies will devalue, as their commodity based economies linked to China’s exports feels the effects of China’s GDP continued decreased rate.

Commodity specifics

Oil prices will continue to trade in the range of $35-$45 USD, and may see a peak of $50 in the first quarter of 2016, but generally will not trade beyond that. Oil has become cheap for a number of reasons. The largest is that OPEC has not curtailed production in light of the production boom of the last ten years and refuses to do so.

These Middle Eastern countries of OPEC rely on oil to provide revenue for budgets, public spending and their own projects. The fact that the US has undergone its own oil boom is of no consequence to them. Previously, small international incidents would raise oil prices on fears of instability, yet because of oil production coming from Russia, Canada, the US and the Middle East, these fears are not realized. This can be seen with the crisis in Syria, which has not effected to the global cost of oil, in fact it continues to fall.

However, this fall in oil prices is not all negative. Look to invest in related industries that have been able to sink development and research dollars into projects because of the low cost of oil. Poorer countries that export oil also benefit as they get to focus on education and health care.

World Currencies

Expect the US greenback to dominate in 2016 globally as its economy continues to recover and grow. As a result of the continued stimulus in the EU, the Euro will continue to lag behind the USD ranging from €1.05-1.10 to the USD.

Australia and New Zealand are in a unique position as they are more dependent on the Chinese economy and due to the lower GDP their currencies may drop further and hover around 70 cents USD for Australia and 60 cents USD for New Zealand.

Canada’s currency will stabilize and remain in the 70 to 75 cent USD range, as the manufacturing sector, the infrastructure stimulus, US trade and foreign investment moderates the effects of decreased oil pricing and a slowing, but still growing housing sector.

Real Estate Developments

There will continue to be pockets of real estate growth throughout the US and Canada to meet the needs of investors and housing growth of these two nations. Even a slight increase in the US’s interest rate will not affect the real estate growth in that country.

In Canada, the new down payment requirement for homes over $500,000 increasing to 10% on the home value over that amount may slightly slow down the Toronto and Vancouver housing market’s growth rate; however with the rise in foreign investment and wealthy immigrants these markets will still grow. Alberta and Saskatchewan’s housing market should expect a further small correction due to the lower employment numbers.

Predictions:

1. The Bank of Canada will lower interest rates again, possibly as low as 0% in the first quarter of 2016.
2. The US Federal Reserve will raise interest Rates in Q1 2016.
3. Dow Jones prediction: 1^st Quarter Peak of 20,000
4. China’s GDP will stay in high single digits range.
5. EU GDP growth will stay under 2% for the next 2 years.
6. Real Estate will continue to grow in Canada, although at a slower rate.

Wishing you all the best for 2016,

Liaquat Mian

Boilerplate

Liaquat Mian incorporated LJM Developments in 2001 and serves as the company’s President. Mr. Mian brings a wealth of experience in financing and project management, and is a Chartered Accountant by profession. Mr. Mian also completed Executive training at Massachusetts Institute of Technology and the University of Texas in Project Management. 

Prior to LJM, Mr. Mian served as CFO of a Fertilizer Conglomerate (FFC) in Pakistan for 25 years. In his time at FFC, Mr. Mian greatly expanded the company’s business through two major infrastructure projects in excess of $1 billion USD. Mr. Mian engaged in successful negotiations for financing with several international organizations including the World Bank, US EXIM, CDC (UK), EDC (Canada), KFW (Germany), PKIC (Kuwait), Dainda (Denmark), ADB, and major US banks.

Since LJM’s inception, Mr. Mian has led a series of successful commercial and residential developments across the Greater Toronto Area. He brings a wealth of experience in fund-raising, construction management, financial structuring, and real-estate advisory. For more information please visit: www.ljm.ca

Legal Disclaimer

The opinions stated in this blog are those solely of Mr. Liaquat Mian, and do not represent stock or real-estate investment advice and may not represent LJM Developments. Please seek independent qualified financial advice from a licensed financial services provider making any investment advice. Investors should also seek professional advice regarding risks associated with investments in financial markets and real-estate.  This post and message is not an endorsement of any predictions or opinions made by Mr. Liaquat Mian. 

US strong, rest of the world riding the bear

The United States “currency, stock market and real estate markets are showing clear signs of progress” states Liaquat Mian of LJM Developments. The global market as a whole is still a precarious place to be, but on the whole, the North American region is stable and on track to become a bull market by June of next year.

The US is seeing signs consistent with a recovery, posits Mian, if you look at all three major financial and economic indicators; currency, real estate and the stock markets. The US dollar has rebounded globally showing strong growth against many major currencies including the Euro, Yen and the Pound. The stock market has experienced fluctuations and will continue to do so, Mian believes until after the Dow Jones breaks through the 18,000 mark. Even though the housing and real estate sectors looked slow to respond in 2014, part of the delayed reaction is due to the slow start to job growth, but underlying pressures of built up demand and lower inventory will gradually show through in 2015. On the whole, Canada and the US should expect a healthy period of growth through 2015.

However, the rest of the world is still on unstable ground. “It is obvious to many that the unrest in places like the Middle East, the Ebola crisis in Africa, and the changing leadership in South American countries is driving uncertainty in emerging markets,” says Liaquat.

Even in areas like Dubai, a metropolis that has a healthy investment environment, investors are looking for safer markets to invest into - with a projected $175 billion USD available for investment and almost one-third slated for the North American real estate market. Part of this is because the underlying fundamentals of the Dubai market are expected to cause a recession and downturn by 2016, postulates Mian.

In currency and interest rate markets, Mian projects the US dollar to remain strong, the Euro to drop below $1.30 USD, Canadian and Australian dollars to remain stable where they are, and the Sterling to rise to $1.60 USD, making a small gain. In most western markets, interest rates will continue to remain where they are through 2020, in order to assure the recovery.

Mian believes that market fundamentals show the path for investors lay in the North American market through 2015, in stocks and real estate.

Disclaimer

 

The opinions stated in this article are those solely of Mr. Liaquat Mian, and do not represent financial or investment advice, and may not represent L JM developments. Individuals must seek independent qualified financial advice from a licensed financial services provider before making any investments. Opinions, predictions, and forward looking statements in this article should not be used for making financial decisions or investments. Investors must be aware of the risks involved in making investments and must seek professional advice.

Global Market Outlook 2014

January 23, 2014

 

I just want to wish everyone a wonderful start to 2014 and welcome back from the holiday season. It is time again to review the economic outlook and forecasts for 2014 and what better way to project the future of the stock market, real estate market in world currencies than in a personal word through this blog.

You may tend to notice an ongoing theme as my blogs progress to provide broad overviews both globally and for the G8 and G20 countries. These broad overviews will include projections and developments in stock markets, real estate markets and currency trends.

 

Global Movements

In the first few weeks of 2014 the US market saw slight correction but overall the US dollar fundamentals remain strong and I predict will continue to perform bullishly until at least 2015.  The slight dip in American employment and payroll numbers is what forced the slight correction, yet this is already being shaken off.

US market will see growth in 2014 and the placement of the new Federal Reserve Chairwoman is a good sign for the start of that growth. Within the first couple of weeks we also saw the stabilization of the price of oil and other commodities which started the bullish trend early. The numbers coming out of the European Trade Union show a stable slow recovery that could extend for the next two years.

 Spain kicked off the new year with less unemployment claims than in the previous month showing positive signs of growth. Similar signs were also seen in Japan and China for quick start to 2014 and economic growth. In areas of political unrest, Turkey will continue to see turmoil and economic downturn as the country’s political activities continue to dog their economy. With $100 billion lost to this political unrest, the Turkish Lira will continue to fall.

Other nations that are not part of the European economic Union will continue to see their currencies fall as strong economic blocs in North America, Europe and Asia continue to dominate. The South African Rand, the Polish Zloty, and the Hungarian Forint will also see their currencies devalued through 2014.

Unfortunately the Canadian dollar will also move lower along with a number of other Western nations against the greenback as the US economy continues to improve. The Canadian dollar will slide to at least $0.90 relative to the US dollar, the euro will correct down to 1.32 Euros, the British pound will fall to 1.60 GBP to the US dollar - all showing reduced vigour against the American market.

Precious metals including gold and silver may peak slightly in 2014 but will generally fall possibly to pre-2009 levels as commodity corrections take place. Gold will see its value fall to $1,200 an ounce and should remain stable at that level. Gold has lost its shine as individual and institutional investors will be looking for stock market purchases to exit the precious metals category.

Market specifics

There have been a number of market specific actions to note in the beginning of January that I will discuss individually.

Starting with the US and its growth potential through 2020, the majority of which will come from certain strong industry sectors including oil and gas, tech, and finance which are all showing strong growth dynamics already. Certain high-value stocks within tech (especially) may see slight corrections but blue chip stocks generally are coming back in share price.

In the European Union things will continue to stabilize and slow growth will continue to materialize due to the measures taken to shore up the European economy through major banking initiatives including the requirement: that European banks attain certain levels of liquid assets in order to back their valuations. Many of these institutions are following these requirements by selling off assets or writing down debts. As an example, Lloyd’s of London increased their share price by 35% merely by selling off non-core assets. Through this selloff the banks have achieved stable footing and can look toward growth. The threat to the Euro as a currency has finally been put to bed as Germany has recommitted itself to the currency and the threat of the Euro disintegration is completely evaporated.

In Asia, China and Japan continue to be economic powerhouses with China estimated to surpass the US as the largest economy in the world as early as 2015, which is five years earlier than previously predicted by most economists. As China continues its amazing growth trend it will boost the economies of Asia and the world. Japan also took the necessary steps to bolster its economy early and is reaping the rewards as the Yen is at a five-year high, exports are up and continue to grow.

Real Estate Developments

As mentioned in my previous blog, real estate markets in urban centers and Western nations will continue to grow and be in demand. Proof of this has already been established as the growth trend of apartment sales in Manhattan is the highest ever showing major markets for real estate are already coming back. Furthermore, the number of US building permits are up substantially increasing the overall real estate development numbers.

Indicators throughout the globe are coming in to provide further proof of the possible boom in real estate development on the horizon. The UK has removed all housing support and government initiatives as the need for such stimulus is no longer needed. Another hotspot outside of the traditional Western markets includes Dubai, which has been awarded the 2020 Expo and will see a substantial increase in investment and visitors to the area in the next five years – further increasing the demand for real estate development in the area.

Lastly, one of the few economies that did not experience the major global upheaval as the rest of the world, the Canadian real estate market proves to be continuously booming especially in consideration of its development pricing next to other major markets. Although the GTA as a whole will see continued growth, more attention and development will be seen between Toronto and Niagara Falls since the government has announced plans to extend the 407 highway to Niagara Falls and the GO train will be expanded to Grimsby. Through these recent announcement, major real estate developments are expected in Burlington, Hamilton and Grimsby through to Niagara Falls.

Wishing you all the best in 2014,

Liaquat Mian

Boilerplate

Mr. Liaquat Mian is the CEO of LJM Developments Inc, based in Burlington, Ontario. LJM’s core focus is residential and commercial real estate development in the GTA to Montréal corridor. LJM has also achieved remarkable investment returns on its diverse portfolio of global real estate, currency and stock investments since its inception. Find more information at www.ljmdevelopments.ca

Legal Disclaimer

The opinions stated in this blog are those solely of Mr. Liaquat Mian, and do not represent financial or investment advice, and may not represent L JM developments. Individuals must seek independent qualified financial advice from a licensed financial services provider before making any investments. Opinions and forward looking statements in this blog should not be used for making financial decisions or investments. Investors must be aware of the risks involved in making investments and must seek professional advice. This blog is purely an opinion blog by Liaquat Mian.

Liaquat Mian bullish on US and world markets for 2014/15

I have decided to take up the pen for things other than signing deals, engaging major financial lenders for funding, or writing communications for LJM Development’s current real estate development projects and want to provide my personal insight into Global Finance, Currency Markets, and of course the Global Real Estate market. For over 20 years I have been an active market trader in stocks, bonds, currencies and real estate deals and feel passionate about sharing my opinions and knowledge about these topics.

My Experience

A quick review of my experience in international finance, project management, and real estate development projects helps inform my view on international financial matters. Some of the highlights of my career include:

• CFO, FFC - Fertilizer Company Limited - one of the five largest publicly quoted companies in Pakistan with over $300 million market capitalization.
• Over $500B USD raised as a lead negotiator on multiple project funding teams over the course of my career.
• Active Stock, Bond and Real Estate trader and Developer.
• Over $100M CAD under current development projects with LJM Developments.

The future of this blog

What I hope to do with this blog is impart some of my knowledge in the areas of my expertise to like-minded individuals. I will attempt to provide updates on global markets, projections of stocks, currencies, and real estate investments based on my opinion in these areas. I look forward to engaging my readers, fellow industry insiders and other pundits in these areas.

The Global Financial Picture

In my first piece I would like to discuss the state of the world’s current affairs in the realm of stock markets globally, the current silent currency war in the state of major real estate markets. Of course the current global picture should be put in perspective in relation to the major global recession of 2008. This major financial event triggered a financial crisis across the entire world one of which the G8 and G20 countries do not want to repeat. With the rise of global communications, the Internet and many more financial tools for investing, global financial markets have gone through major changes. All large financial institutions such as pension funds and college funds have not had major cash outflows because the baby boomer generation has not retired yet. These institutions however had a major reduction in their holdings due to this financial crisis.

TheUnited States of all the world powers had the quickest response to this crisis with a large stimulus cash infusion to their markets with large corporate bailouts. Although other major economies should have followed suit, they were slow to act and are still feeling the aftermath of the crisis. In particular, European countries are still behind the US in market growth and employment figures because they failed to implement large stimulus packages into their capital markets timely. The US Dow Jones index in 2009 had reached a low of 6,500 yet has now peaked at 16,000 due in large part to the stimulus package injected by the US government. The US commitment to keeping interest rates low currently at 0.25% throughout the crisis aided to the strong comeback of the American economy and will likely continue to do so, as interest rates are not expected to rise in the US. Even a 0.25% increase in the interest rate is 100% increase, which the Federal Reserve will not implement in order to keep investment flowing into the US economy. Inflation within the economy is currently being absorbed by real estate. The major economic powers of the world are working diligently to keep interest rates low and aid the growth of their markets.

The Stock Market Picture

There are two major investment opportunities globally: real estate and stocks. Large institutional investors that have maintained large cash reserves have yet to make large investments into the market, once this happens it will further push the American stock markets higher, to a projected 20,000 point level by the end of 2015. This can be projected because large blue-chip stocks still have very cheap P/E ratios and strong tech companies such as Apple, Google and Netflix at their current prices still have room to grow as they came into the market at a low point. Other strong contributors will include oil, gas, technology, banks and financial stocks which all currently have room for upward share price growth.

Global Real Estate Growth

The old adage that “God is not creating more land” is very relevant in today’s real estate market. It is especially true in light of exponential population growth especially in very densely populated countries such as China and India. Not only are these populations growing but their middle-class populations and living standards are increasing steadily, putting demands on real estate markets globally. As these middle class populations put pressure on their own societies for better food, water, infrastructure, and housing, they will naturally expand into other markets. In particular, this growing middle-class of developing countries is looking for opportunities for real estate investments in Western countries.

An example of this can be seen here in Canada with a large volume of real estate development and land being purchased by newly emigrated people from China, Middle East, Europe and India. This demand puts pressure on the Canadian real estate market as over 70% of new immigrants prefer to stay in Eastern Canada, heightening pressure on the 401 corridor for housing. Canada also has very low interest rates at 1% and these rates are projected to remain steady for the next 3 to 4 years. Furthermore Canadian real estate market is considerably cheaper than other major Western nations such as the US, Australia, Germany, England and France. Consider the price differences between a flat in London and a condo in Toronto and the saving is evident. Real state in Canada will remain strong at least through 2020 with the GTA, Calgary, Edmonton, and Montréal all in growth patterns.

Other major real estate markets have seen some easing from the low dollar days and signs of growth are starting to emerge. This is especially true in the US where certain high-profile markets in major urban centers such as New York and Miami are starting to see growth. United Kingdom’s real-estate market is also growing although at a slower pace than the US. The EU in general was much slower to act but should be completely out of recession within 12 to 18 months. My projection for interest rates is that they will remain below 5% until 2050.

The Currency War

The United States has taken on a silent war in order to keep the country’s currency subdued in comparison to other major currencies in the world. By artificially keeping the currency lower, it aids decision-making for foreign investors and lowers their overall debt financing. This can be seen by the US dollar consistently falling after 2 to 3 days of gains. The lower US dollar of course is in opposition to the market growth, strong indicators in real estate and growth in employment figures.

This currency war has caused some spin off activity in driving gold and silver down in price as well. As well the US-Iran oil pressures will bring down the price of oil to $80-$85 a barrel within the next few months putting further pressure on the Canadian economy. As the Canadian economy is largely resource-based; when fossil fuels, energy and commodity prices fall, we are adversely affected. Yet lower oil prices provide stability in Third World countries and increase the quality of living while decreasing unrest. It is felt among many nations that the need for stabilization, regulation and legislation on pricing, on quality of life goods, such as oil and gas, wheat, rice and other staples will help control price imbalances and control Third World unrest.

Projection Summary

Stock Market - I am bullish on North American stock markets as there is currently lots of liquidity and room for blue-chip share price growth.

Currencies - In relation to the US dollar, I project the following: 1.32 Euro, GBP 1.55, Yen 105, AUS $0.86, NZ $0.80, CDN $0.90.

Real Estate

- Canadian real estate prices will stabilize and experience steady appreciation over the next 2 years.

- US real estate market will have steady growth in the next 4 - 5 years.

- Middle East has already started seeing growth and will continue double-digit growth until the 2020 Expo in Dubai.

Boilerplate

Mr. Mian is the CEO of LJM Developments, a real-estate development company based in Burlington, Canada. Mr. Mian is a Chartered Accountant and a member of the Fellowship of Chartered Accountants. He completed Executive training at Massachusetts Institute of Technology and the University of Texas in Project Management. Mr. Mian brings 20 years of experience in financial services and real-estate investment.

Legal Disclaimer

The opinions stated in this blog are those solely of Mr. Liaquat Mian, and do not represent financial or investment advice, and may not represent L JM developments. Individuals must seek independent qualified financial advice from a licensed financial services provider before making any investments. Opinions and forward looking statements in this blog should not be used for making financial decisions or investments. Investors must be aware of the risks involved in making investments and must seek professional advice. This blog is purely an opinion blog by Liaquat Mian.

Liaquat Mian

Canadian Real-Estate and Global Financial Markets

Here are a few video links I am sharing from my YouTube channel that include my views and opinions about Canadian real-estate, the broader Canadian economy, Euro zone, Global Economic conditions, commodity trading, and currency markets.

Canadian Real Estate Market Update

March 25, 2012

Global Economic Views

March 12, 2012

Views on Commodity Trading and Speculation

April 13, 2012

April 18, 2012: I am encouraged to find the following steps and actions proposed by President Obama to curb manipulation of oil markets:

Los Angeles Times | Business | "Obama proposes steps to curb manipulation of oil markets"