Monthly February, 2011
Oil is a Barometer of Economic Times as is Gold Standard & Poor’s downgraded Japan’s sovereign debt rating last week. It was the first cut in Japan’s rating in nine years. Japan now joins Greece, Ireland, Portugal, Spain — all of which have been downgraded. Everyone is also looking toward the U.S. fiscal situation, given...
Further to my 3 blogs opposing the proposed merger between the TSX and the LSE, I received a release today from TD Waterhouse where I am a subscriber. I quote it as it points out the irony of the prospective that the TSX might disappear if a merger occurs. “Commodities put Canada in the driver’s...
Have Gold & Silver Started to Fall in Price? The current thought in the US and most of the world is that the debt crisis is abating (as we said so long ago), and in the early part of 2011, the price of gold, silver and metals has slipped a bit. January was not a...
The Shining Example of the Canadian Banks If you ask people around the world, who best survived the 2008 economic meltdown, the universal answer is the Canadian banks. They remained solid, financially stable, and essentially protected the Canadian economy. This should be a lesson to the Canadian government. All the foreign companies pulled back their...
A Commodity Based Economy Canadians have a history of being a resource based economy. When the world economy suffers, so does Canada. This has been true for as long as Canada has existed as a nation. Attempts to Broaden our Economy Previous governments have enacted all sorts of policies to attempt to diversify and strengthen...
The following is a letter that we sent to the CEO of the TSX I believe this is a very bad thing that you are doing. The TSX has been decimated by foreign takeovers of companies listed on the TSX and the loss of Canada’s manufacturing sector to foreign interests. It is only recently that...
In my blog of December 9, 2010, I pointed out how our capitalist society suffers from dramatic up and down cycles that rob the middle class of their wealth and earnings. I suggested 10 points that would very much moderate these cycles and bring about a far better capitalist society. This is the 5th of...