Features
The British Invasion: Douglas Murray and Colonel Richard Kemp, Tel Aviv International Salon, Dec.21, 2023
By GABRIEL EMMANUEL In 1964 the Beatles were banned from performing in Israel (to the Jewish state’s everlasting shame and embarrassment). Nearly 60 years later a British invasion of a different sort took place and the crowd reaction was almost like a mini Beatlemania.
Some 600 or more twenty and thirty somethings packed themselves into a meeting room at the Carlton Hotel in Tel Aviv that was meant to accommodate only about a third of that size. The featured speakers were former Commander of the British forces in Afghanistan, Richard Kemp, and author, political commentator, Douglas Murray, whose book “War on the West”(2018) quickly became a New York Times bestseller. Both Kemp and Murray have spent the past two and a half months in Israel covering the war. “I’ve almost made Aliya” quipped Kemp as the talk was about to begin. When the charismatic Murray entered the room a little late for reasons which he would come to share, the audience broke into spontaneous applause.
While Colonel Kemp has been known for years for endorsing the IDF as the “most moral army” in the world, Douglas Murray shot to fame at the opening of the present conflict with his acerbic response to an interviewer’s question as to whether Israel’s response to the atrocities of Oct. 7 could be considered “proportionate”. In a segment on British Talk TV https://talk.tv/top-stories/31465/douglas-murray-proportionality-in-conflict-is-a-joke that went instantly viral Murray responded “There is some deep perversion in Britain whenever Israel is involved in a conflict and it’s the word you just used – proportion, proportionate, proportionality. Only Britain is really obsessed with this…Proportionality in conflict rarely exists but if we were to decide that we should have this fetish about proportionality then that would mean that in retaliation for what Hamas did in Israel on Saturday (Oct. 7, G.E.) then Israel should try and locate a music festival in Gaza for instance (and good luck with that), and rape precisely the number of women that Hamas raped, kill precisely the number of young people that Hamas killed. They should find a town of exactly the same size of Sderot… and make sure they go door to door and kill precisely the correct number of babies that Hamas killed in Sderot and shoot in the head precisely the same number of old age pensioners that Hamas shot in the head on Saturday…Proportionality in conflict is a joke,” spurned Douglas adding, “that it is only the Israelis that when attacked are expected to have precisely a proportionate response.”
Given the British gentlemens’ philo-semitic reputations the audience broke out with mixed laughter and applause when the two were introduced as the “two most beloved “Goyim” in all of Israel. Non-plussed by the off-colour moniker, Kemp stated proudly that “I am also an extremely talented “Shabbat Goy” the result of having been residing in a hotel with many displaced persons from Kiryat Shmona “who have used my services quite extensively.”
Asked by another Brit, moderator Deborah Danon, what drew each of them to supporting Israel in a topsy turvy world that was largely hostile towards the Jewish State, each had similar reasons for doing so. “I was taught when I was very young to know right from wrong,” said Kemp, “and it’s my duty to support those who are right. There is no question who is in the right in this fight,” he added.
Moreover, underscoring his 30 years spent fighting terrorists in Afghanistan and Iraq Kemp felt duty bound “to do what little I can do to help fight this fight with you because it’s not just your fight it’s a fight for Western civilization; the same ideology that’s attacking you now has attacked us in the past and will intensify its attacks in the future.”
Apologizing for his late entrance for having been held up in an interview on the Piers Morgan show (“It’s quite hard to get Piers to stop talking”) Murray offered another reason responsible for drawing him over to Israel’s side. “Aside from my love for this country and its people,” he said, “I also see something which I think any writer or journalist should see and get very annoyed by, which is lies. When it’s lies about an entire nation and people, when I hear someone like this blowhard I heard earlier (on Piers Morgan, G.E.) accusing Israel of ‘genociding’ the Palestinians, I can’t sit here and not say something. I’m not going to allow these canards, smears and lies and defamation to just go on…I don’t like lies being told and Israel has been on the receiving end of some of the biggest, longest, deepest and most wounding lies of our era,” said Murray. Demonstrating his effortless ability to deftly cross over from political commentary to artful literary imagery he caps the thought with finesse: “So I believe in the simple cause of “moral hygiene” that it’s necessary to try and clean some of that up.”
The moderator then asked a pertinent question: “In a world of Tik Tok where Jesus is Palestinian, do you wonder if this is just a Myth of Sisyphus syndrome where you are just pushing that rock up the hill and do you ever ask yourself just what’s the point?”
“Never, actually,” Murray replied emphatically. “Even if it was the case what option have you got? Just to sit at the bottom of the hill and get crushed by the rock?” he asks rhetorically.
Despite the omnipresence of social media in the world, where lies are able to “rocket around the world” Murray holds fast to a different view. “if you live in a world where 99 lies are being told and one person tells the truth, the truth will win,” he asserts and gives the example of writers such as Aleksandr Solzhenitsyn whose work was effective in bringing down the entire Soviet Empire. “The validity of a truth in an era of lies cannot be underestimated,” he says.
From the topic of lies it was an easy segue to Hamas battle figures. “I don’t know what the latest exaggerated figure is from Hamas about the number of people that have been killed in Gaza” says Kemp, “I just know that it has to be defeated. If it means that a very large number of people whether military or civilian have to die in that process then unfortunately that’s the case because no sovereign, democratic state can exist under this threat so it must be eliminated, it’s as simple as that,” states Kemp in a no nonsense, tell it like it is, military analysis. Despite the unreliability of figures Kemp posits that based on the figures he’s received from Israeli sources of 8,000 or 9,000 or more have been killed from Hamas and Islamic Jihad, which would represent about 30% of the total number of terrorists. “That’s a very significant proportion,” he says, “that’s in excess of 30% of their fighting capability. The whole edifice then begins to crumble and I think we’re going to see that,” he says with conviction.
“I’ve been in Gaza on a number of occasions. I’m deeply impressed by the IDF combat effectiveness. This is going to come down at some point,” Kemp says quite bluntly.
Kamp makes regular visits to the soldiers in hospital and knows the tragedy of war from close up. “Tragically, many Israeli soldiers will die and have died already,” he concedes, “but they will undoubtedly prevail in the end.” He contrasts the irony with Hamas: “They want the I.D.F. to kill their civilians. They want as many civilians killed as possible because that then provokes the inevitable international demand for ceasefire, condemning Israel for War Crimes,” he concludes while shaking his head at the anticipated perversion of justice.
Asked about pressure from the United States, Douglas Murray elucidated his view that “You should be courteous to your allies but not subservient to them,” earning a strong round of applause. “The future of this State, of the Jewish people must be in the hands of the Jewish people,” he continued.” It cannot be in the hands of anyone else. It cannot be in the hands of people who, for instance say the day after the massacre of October 7th that this is why we need to double down on the two state solution. It just can’t be in the hands of people going at that kind of slow speed”, he says.
Had the events of Oct.7th happened in the U.S.A., Murray points out, proportionately over 120,000 Americans would have been massacred on one day. “Nobody can tell me that the Americans would have listened to anyone then, nor should they, “he adds. The one potential outcome of the war that Murray absolutely rejects is that the situation might return to the status quo ante of October 6th. “Israel must be allowed to win,” he asserts. “It cannot simply always be encouraged to fight for a stalemate.” Regarding the as of yet unresolved situation with Hezbollah, Murray poked fun at the thought that we will all have to relearn the map of the North and become experts again on the Litani River. “Since 2006 it’s just been a replay of the same thing,” he says. “It just feels like Groundhog Day,” he quips to the amused young people in the room. And then in a more somber tone: “Anything other than actual victory by the Israelis in this conflict is unacceptable because all of these efforts to make Israel fight into a stalemate will simply prepare the groundwork for the next war and this country deserves not to be forced into perpetual war,” he emphasizes.
According to Colonel Kemp’s analysis much of what has transpired in the world in terms of instability with the Ukraine and now Gaza has to do with a weak image projected by President Joe Biden. On the other hand, Kemp considers that Biden has been strongly in favour of Israel and the U.S. unlikely to pressure Israel to desist its military operations. For this dichotomous view Kemp actually earned applause from both Biden supporters and detractors.
The moderator brought up the tragic issue of the three hostages who had been mistakenly killed by Israeli troops. Douglas Murray reflected on the incident and said that he was genuinely shocked by “the lack of empathy for Israel internationally”. A glaring example of such a lack of empathy he suggested could be found with the posters of the hostages in various cities around the world. What followed was another of Murray’s innovative insights: “If you put up a poster of a missing cat or dog in your neighbourhood you would not expect anyone to rip it down,” he matter of factly suggests. “And if anyone did rip it down you would think that person was subhuman. You would think what kind of a sick person are we dealing with here?” he asks. “And this wasn’t dogs or cats. These were Jewish children. And in city after city sociopaths tore down these posters…This lack of empathy has been there since the day (Oct.7th G.E.) itself. And the media treats it as more evidence of the brutality of the Israeli soldiers – they even kill their own! Imagine the lives of those soldiers who shot those three hostages, how they must have felt. And yet instead of recognizing what a tragedy that is for everybody involved they use it as a weapon against Israel!” Murray’s damning condemnation resounds through the packed but quiet room. “That really has slightly startled me in this conflict,” he continued to reflect in an afterthought.
The door was left open for a little humour when the Moderator, in her last question, asked about the Day After. Colonel Kemp was first to pick up the gauntlet: “I think we need a two state solution with the United Nations supervising it,” he said without flinching and with a stiff British upper lip to boot which held tightly in place until the audience stopped laughing. And then more seriously his sober insight: “The I.D.F. has no option, whatsoever, apart from to stay in control of Gaza from now on. It doesn’t matter what anyone else thinks; it doesn’t matter what President Biden might wish to happen…What is absolutely certain is that the I.D.F. must maintain security control of Gaza. It means either a permanent IDF presence inside the whole of Gaza or it means the creation of a one or two mile buffer zone on the inside of the Gaza border which no one is allowed to go into and which the I.D.F can police.”
Kemp had nary a kind word to say about the folks on the other side:”The reality in Gaza is that the vast majority of the population of allegedly innocent civilians support Hamas, even when they see the horrors that Hamas has brought on them, they still support Hamas . And there will be efforts to have a Hamas 2,” the Colonel warned.
Murray concurs that it is a “very bleak necessity” but that Israel will need to stay in Gaza. For how long? “Call me a pessimist,” says Kemp, “but I would say forever.” Like his colleague, Murray also spends some of his days visiting the wounded in hospitals. On a recent visit he met one of the victims, a farmer, from a border Kibbutz who had lost his wife, son and both of his legs in the Hamas attack of Oct.7th . “He said something that has really stuck with me,” Murray recalled, “He said, ‘I have been a leftist all my life. I now want to look out on nothing but potato fields from here to the Mediterranean.’ Who can risk living beside these people? Nobody else in the world would be expected to have to put up with that. I don’t think the Israelis have to be an experiment test case either. I think you should have the right to live in peace and to know that the border you have does not contain genocidal maniacs on the other side who wish to kill you all.”
In the question period which followed, Murray was asked what changes he would like to see in present day Britain. “Obviously the first thing I’d do would be to make Richard Kemp Minister of Defence,” he suggests to uproarious laughter from the crowd. “I assume you’ll be Prime Minister, will you,” Kemp shot back. Feigning humility, Murray wistfully demurred saying only, “If the nations calls…” Presumably, they may one day.
Getting more serious Murray took aim at the “appalling” pro Hamas demonstrations which took place in London and included one on Remembrance Day. “I think it’s been shameful,” he said. “I want no Hamas supporters in my country. And that’s quite easy to arrange in my view,” he added making reference to a case in point of Muhammud Sawalha, a key Hamas terrorist from the West Bank who subsequently obtained British citizenship. “To get a British passport you must, among other things sign a form that says you are a person of good character. I submit that he is not a person of good character,” said Murray, “and that he lied on his form when he said that he was. I would like to see his citizenship stripped and I would like to see him deported and to try his luck in Gaza.” On a humorous roll, Murray recalled the case of a young lady whose British passport was recalled when she returned from having joined Isis and tried to pretend – once the Caliphate fell apart – that she didn’t know that they were actually a “murderous, head-hacking group” and besides, “we all make mistakes”. She shouldn’t get her passport back argued Murray maintaining vociferously that “If you’re with an Islamist death cult you should not be allowed to be in Britain.”
Colonel Kemp fielded a question about another hot potato issue, that of missiles being fired from Yemen which no one seems to be doing anything about. “Yemen has been firing missiles into Israel since the war began including the first ever in history engagement in space when a Houthi ballistic missile was intercepted by an Israeli Aero missile outside the earth’s atmosphere. They’ve been firing numerous missiles and drones towards Israel, all of which have been shot down.” Unless a message is sent soon to Yemen and Iran by the U.S. Kemp warns that war in Lebanon will be inevitable.
A visiting American Major with a pronounced Midwestern drawl asked Colonel Kemp if he could explain the concept known as “the fog of war”. “It’s an extraordinary thing that doesn’t apply anywhere else in life,” said Kemp, “you have very often young, inexperienced soldiers in the reserves with a limited amount of recent training and then suddenly they are thrown into Gaza which I would say is one of the most treacherous and demanding battlefields that anyone has fought on in the history of warfare. And they’re expected to always make the right decision. That simply cannot happen. We all make mistakes. And that’s when nobody is shooting at us. Nobody is trying to kill us. We haven’t suffered lack of sleep for days on end, we’re not cold, hungry, we’re not terrified and yet we still make mistakes. So how can these guys not make mistakes? And the enemy is trying to fool you all the time, trying to make you think that the reality in front of your eyes is not the reality in front of your eyes. And the difference is when a soldier makes a mistake very often people die as a consequence.” The reference that was embedded on most peoples’ minds was the recent tragic killing of the three Israeli hostages by friendly fire.
Murray was asked about the effect of “hasbara” (P.R. G.E) in the current war. “I believe they should be given some credit for they have done a better job that any time previously that I have been covering since 2006”, he said. Taking the Al-Shifa hospital as an example, Murray pointed out that Israel “got on top of it very fast” like releasing the closed circuit TV footage of the hostages being led in to the hospital and showing the weapons cache that was discovered there. But at the same time, he underscores why not even the best P.R. may succeed in certain circumstances. “The minute they show that the hospital has an arms dump inside it and has a load of kalashnikovs and grenades , Jeremy Bowen of the BBC goes on and is asked about it and says, ‘well, it is not inconceivable that the kalshnikovs belonged to the hospital’s security department’. On the television the next day I said, ‘yes, and it’s possible the grenades were for the cardiology department’.” Murray’s point is well taken. No matter how strong the evidence is, it is not necessarily strong enough to overcome bias.
Kemp concurs, “This extraordinary propaganda campaign against Israel – everything that Israel does is wrong. For the past 10 years the BBC has not allowed me to speak on any program about Israel. Any other security issue, any other country I’m on all the time on the BBC just not about Israel. I got a call a few weeks back asking if I would do an interview about Israel. I almost fell off my chair,” recalls Kemp. “Then I realized what was going on. They had been heavily criticized and were under a lot of pressure for their lies about Al-Alhi hospital attack (where Israel was wrongly blamed for the bombing, G.E.) They felt we need to show how broadminded we are, so we’ll even get this extremist Kemp on to speak. So that’s how I became a human shield for the BBC”, Kemp concluded with a wry smile.
In a final story, also about the BBC, Kemp relates that he was once invited to the BBC studio in Jerusalem to do a number of interviews. In the interview which was live from London he was asked why the IDF were so keen to send in ground forces to Gaza. I explained “they don’t want to go in on the ground, they know the problems with that. So I was asked then why do the politicians want to go in on the ground. I said they don’t. I’ve spoken to them, the Prime Minister, the Defence Minister they will only go in if they have to. The interviewer was completely stumped at this and all he could say was, ‘yes, but you’re a Jew’. Now how do you answer that,” Kemp asked incredulously. Do I say in a belligerent tone, “how dare you accuse me of being a Jew!?” But instead I said simply, “I don’t have that honour.”
“If I can just say something” interjected Murray, “about the youth of this country. So young! So brilliant! So vivacious. I met a young woman the other day of 21 who was an expert on Yemen! Why her contemporary in America is being educated to become stupid and wicked!” his observation met by peals of laughter. Then more seriously, “I have been so moved by these young people. They will be an example not just to Israel but to the people of the world. And if I may leave you with one last thought,” he continued. “I know this period is incredibly troubling, disturbing, upsetting and much more for the people of this country. I think the country is still going through a trauma, trying to work out what was done to you in October. You asked at the beginning why we do this. I would just say whether I can answer it or not, it is the honour of my life to be standing in alliance with you.”
The evening done, the young people rushed the small stage to take selfies with both fine gentlemen. Douglas Murray and Colonel Richard Kemp. Two of Israel’s most beloved friends, indeed.
Gabriel Emanuel is a former Winnipegger.
An edited version of this article first appeared in the Jerusalem Post, December 29, 2023 .
Features
Exchange Rate Factors: What Global Events Mean for Savvy Investors
When Russia invaded Ukraine in 2022, it created ripples in all financial markets, including currency markets. The Euro weakened while the dollar surged and emerging market currencies wobbled. Global factors can quickly affect financial markets and shake established trends. Apart from such rare events, currencies tend to change their price because of interest rates, inflation, and overall investor confidence. For investors managing money abroad, understanding these movements is critical to avoid losses and mitigate risks.
Below, we will break down how global political, economic, and cultural events influence exchange rates, with insights for savvy investors.
Economic factors
There are several key exchange rate factors with a consistent history of shaking financial markets. These factors include inflation, interest rates, trade balances, employment rates, and so on. Since economic factors are shaping markets almost daily, we start with those.
Inflation and interest rates
Inflation and interest rates are closely connected as one can easily affect the other. When inflation rises, central banks step in and raise interest rates to reduce inflation, and when inflation is lower, central banks can lower interest rates to make borrowing money cheaper. As a result, investors closely monitor these two metrics to anticipate changes in interest rates. Higher inflation makes currencies weaker, and whenever banks change the rates, the changes are immediately reflected in global currency rates. In the United States, the Federal Reserve is the central bank that sets interest rates in the country.
Trade balances and economic growth
A country that exports more than it imports has a stronger demand for its currency. More demand equals a stronger currency. However, the Japanese yen was always weaker against the dollar because the BOJ of Japan tends to have super low rates near 0 to support its exporters. Economic growth also increases demand for local currency as more investors try to invest in the country’s economy. Long-term investors often track this data to detect early signs of any changes in currency strength.
Political and geopolitical factors
Elections, sanctions, and overall political stability are also crucial factors. If the country gets under sanctions, its economy crumbles and its currency becomes inflationary, losing its value quickly. Elections are also crucial for a currency’s strength. Geopolitical events can have a serious impact on the currency as well. The most obvious example is the 2016 Brexit events that made GBP lose its value rapidly and violently. Global conflicts, such as wars, can seriously impact global financial assets, especially currency markets. When tensions are high, safe-haven currencies like USD and CHF (Swiss Franc) become very popular among investors as they seek a safe place to protect their capital.
Cultural and social factors
People like tourists, workers, and diaspora communities can shape currencies as well. Tourism usually drives seasonal demand, and countries that are popular destinations during certain seasons experience their currency appreciation as demand spikes. The perception matters as countries seen as safe and opportunity-rich tend to attract more investors, solidifying their currency strength.
Technology and innovation
Technology is seriously affecting everything, especially the financial sector. Digital payment systems, blockchain technology, and fintech startups have made it easy and swift to move money around. Cryptos and stablecoins enable investors to protect their capital using stablecoins during volatile times. The latest trend among banks is to work on CBDCs, which signals a new era where national currencies are blended with technology and blockchain. Despite this, currencies, even in their crypto form, will continue to be influenced by all major factors mentioned above, and knowing how these factors impact your currency is key to keeping your capital safe from risks.
Practical lessons for savvy investors
So, what do all these factors teach us about global currency rates and investing strategies? The key lies in proper preparations and anticipation. Monitoring macro trends, policy announcements, and major geopolitical and political developments is critical.
Diversify
The number one method which is used by professional investors is diversification. This simply means to spread your risks across a basket of assets. By not investing all your capital in one instrument, you can mitigate risks. If one asset experiences a loss, other ones will counter it with returns. Building a diversified portfolio is key to properly diversifying. For example: divide your capital to buy stocks, commodities, currencies, and cryptos so that if one fails to perform, others will counter it. This ensures a stable income without unnecessary losses in the long run.
Hedge
Forex options and ETFs are great hedging assets. Forex options let investors lock in an exchange rate for a future date, which is very useful if you expect volatility but want stability. Currency ETFs, on the other hand, track specific currencies or a basket of currencies and allow easy trading or protection without trading forex directly, but they are still risky.
Monitor the economic calendar
Economic calendar is a free online tool that aggregates important macroeconomic news data such as interest rate decisions, CPI, inflation, employment rates, central bank announcements and speeches, and other crucial information. By monitoring them, investors can always know when important news data will be released, and they can postpone their investment decisions to avoid volatile times and only invest after the main trend is determined.
Features
The Canadian Dollar is on a slow decline. Should you save in euros or US dollars instead?
The Canadian dollar has been losing its value against the dollar this year. For Canadians, this raises a simple question: if your CAD is losing ground, is it better to move savings into euros or U.S. dollars, especially bonds, stocks, or a carry-trade strategy? Carry-trade strategy in this context means to borrow in CAD and invest it in the USA or the EU zone. This is a complex matter, and to understand where the CAD is, how attractive other currencies might be, we need to analyze these currencies more deeply. Below, we will walk you through the data, practical costs, and risks so you can reach a usable conclusion after reading this guide.
Quick snapshot – What the markets say right now
Recently, the Canadian dollar has hit multi-month lows due to weaker oil prices and a post-Fed (U.S. Federal Reserve) market reaction (which raised the rates, making the CAD weaker against the dollar). Canada’s central bank has cut its policy rate to 2.25%, while the Fed’s fund rate remains notably higher at about 3.75-4%. The ECB (European Central Bank) main interest rates are lower than the Fed’s and near the low-to-mid 2% range. While the Euro currency to USD rates remain mostly predictable, due to higher US bond yield rates, the EUR remains stronger, still. The U.S. 10-year Treasuries are around 4.1%, Canada’s 10-year near 3.2%, and Germany’s 10-year around 2.7%, meaning that today the USD-denominated bonds have the highest nominal yield among the three. As a result, the dollar seems much more attractive when it comes to bond yields and stocks.
Bonds – Which currency is the best for fixed income?
The short answer is: USD bonds. When it comes to nominal yield alone, US bonds beat almost all other competitors. U.S. government bond yields (10-year) are noticeably higher than Canadian and German/Eurozone bond yields right now. As a result, US bond buyers have more income potential than Canada and the EU. Euro-area core yields are lower, meaning they are paying less than the USA.
However, nominal yield does not mean it is guaranteed real return, and metrics like inflation, currency rates, and hedging costs can impact potential returns directly. If you buy USD bonds but the dollar falls against the CAD, currency losses will most likely wipe out the higher yield rate. If the Fed lowers its rates, it will make the dollar weaker against the CAD and EUR.
Another challenge is that, if you live and spend in Canada, you are using CAD, and when exchanging it for dollars, you get exposed to foreign currency rate risks, which must not be underestimated.
Stocks – Euro or dollar?
Both the EUR and USD have their advantages. USD has strong liquidity and strong long-term performance, while EUR equities offer valuation opportunities and recent relative strength.
Why USD?
The U.S. market remains the most liquid stock market with strong earnings for many tech and large companies. This makes USD stocks very attractive for long-term-oriented investors. S&P has been rising historically, and even after crashes, it often recovers its value relatively quickly.
Why EUR?
European indexes have performed well this year and in many cases cost less than their U.S. counterparts. While cheaper does not always mean better, these indexes still have some growth potential. Some major banks in the EU zone, together with industries, have recovered strongly with a recent focus on military manufacturing, making many EU stocks very attractive, together with local indexes.
However, here is a caveat: if you are using CAD daily and it loses its value against the euro, the returns from euro holdings might shrink, exposing you to greater currency risks.
Carry-trade analysis – Is it viable to borrow CAD and invest it in USD or EUR?
The basic promise of carry-trade is simple yet powerful: you borrow cheaper currency and invest it in currencies with higher yields. In our case, is it lucrative to borrow in CAD and invest in either EUR or USD? To answer this question, we need to look at numbers. BoC policy rate is 2.25%, Fed funds from 3.75%, U.S 10-yr is 4.1%, Canada 10-yr is 3.2%. If we deduct Canadian rates from the U.S. rates, we get around 1.8% positive before costs. So, in theory, it could be lucrative to invest CAD in USD assets using a carry trade. Since the ECB has around 2%, it is not profitable to use a carry-trade strategy for the euro.
The bottom line
While the CAD has been weakening lately, it is still not cheap enough to naively invest in USD or EUR. However, if you want a pure yield and can tolerate foreign exchange rate risks, USD bonds are more attractive today. When it comes to stocks, USD equities provide stable and liquid markets. If you want valuation potential and diversification, then euro equities have become more attractive this year. When it comes to carry-trade strategies, the USD remains more lucrative than the euro, but on paper, traders and investors should evaluate all the risks and costs before investing in any currency.
In the end, Canadians who have CAD for their daily costs should be careful when trying to get exposure to other markets. US bonds, US stocks, US carry-trade, and EU stocks remain attractive choices for experienced investors.
Features
Why Reading Online Reviews Matters Before Making a Purchase
People usually pause before purchasing to read reviews from other customers. It’s become part of everyday online life, a quick way to see how something really performs before making a decision. According to the Pew Research Center, most internet users read reviews to get a better idea of what they’re buying. The feedback from actual users becomes more reliable than marketing statements because it comes from everyday consumers instead of sales-oriented corporate messages.
Reading reviews also helps spot patterns. If the same comment, good or bad, appears again and again, it usually means there’s truth to it. People now use this collective feedback as their main method to evaluate online products and services for quality and reliability.
When There Are Too Many Options, Reviews Narrow the Field
Shopping online can be overwhelming and a bit of an adventure. There are always more options than anyone needs, hundreds of gadgets, countless household tools, endless entertainment subscriptions. All listings present themselves as excellent value propositions with operational excellence, yet it remains a bit of a challenge when it comes to verifying which ones deliver actual results.
Reviews become useful at this point. Real users provide information about product details, which marketing content fails to show, by sharing their experiences about delivery speed and setup ease and product durability after several months of use. The product details show its operational behavior when used in regular business activities.
Users tend to begin with reviews. For instance, a tech product might have amazing packaging but fall short on battery life or integration. Maybe a new game or casino platform might sound promising, and reviews on trusted choices can confirm whether it includes flexible payment options, a wide content library, and responsive support. When feedback keeps mentioning strong points like clear instructions or helpful customer service, it shows consistency. The product or service delivers its expected results because customers have personally seen its performance.
Reviews Build Faith Through Shared Experience
Reviews gain their strength from the emotional bonds which readers find with each other. Reading about someone else’s experience feels familiar, even if you don’t know them. It’s basic word-of-mouth marketing, like receiving recommendations from a neighbor who has already purchased the item you are considering.
This shared experience has built an informal community of online voices. People rely less on what a brand claims and more on what other users notice. When different reviewers mention similar strengths or small frustrations, it adds authenticity. The story becomes more believable.
Reviews show what other users have experienced, but they do not offer any guidance about what to do. This type of his collective info turns into an important part of how people build trust online. It’s a small thing, but it makes a big difference in how confident we feel about the choices we make.
Balanced Feedback Feels More Honest
A perfect score does not prove that something lacks any imperfections. A combination of positive and less-than-perfect feedback creates a more authentic impression. Small complaints about packaging or delivery delays make glowing reviews sound real. A recent study showed that participants answered honestly instead of trying to make their responses attractive to others.
Most readers know that nothing works flawlessly all the time. People look for reviews which provide both positive and negative aspects because they want to find balanced opinions. Customers can establish realistic purchase expectations through combined information which they can apply before buying. Review systems maintain their value because reviewers maintain honesty in their assessments.
Why Recency and Volume Matter
The best reviews and product ratings are the ones written recently. They reflect how a product or service performs right now, not how it worked a year ago. Things change, materials, delivery services, and even the way companies handle support.
A steady flow of new reviews suggests consistency. When lots of people share their experiences over time, patterns appear. Those patterns tell readers what’s typical, not just what’s possible. It’s the difference between one person’s lucky experience and a reliable average that others can count on.
Quantity matters too. Ten balanced reviews from this month will usually tell more than a single five-star comment from last summer. Together, recency and volume create a clear picture of reliability and quality without relying on assumptions.
Recognising Genuine Reviews
Not every review online is authentic, real, and written by a consumer. Some are written by automated accounts or people hired to post positive comments. Real feedback tends to sound natural and personal. It might mention something specific like the texture of a fabric, how easy the setup was, or whether support staff replied quickly.
Authentic reviews vary in tone and detail. Some are short, others long, some are full of small observations. That mix of styles feels human. On the other hand, copied or fake reviews usually repeat the same phrases or sound overly polished.
Many websites now try to identify and label suspicious posts, but readers can also help by paying attention to repetition, timing, and tone. A quick scan across different platforms usually reveals what’s genuine and what’s not.
Reading Smarter in the Online Marketplace
Reviews have become a solid foundation for how people make decisions online. They give an honest view of how something performs beyond what’s written on the label. Every comment, short or long, adds another piece to the puzzle.
More than that, reviews show how businesses handle problems, how quickly they respond, and whether they follow through on promises. They offer accountability in a world where shoppers and sellers rarely meet face to face.
Reading a handful of reviews won’t guarantee a perfect experience, but it provides helpful context. It shows what’s typical and helps people make choices with more confidence. In an online world full of noise, reviews remain one of the easiest and most reliable ways to learn from others.
