CymorFund Blog
Our Sympathy Firstly let us express our shock and horror of the triple disasters that have struck Japan. The extent of the devastation is hard to comprehend, even with all of the graphic pictures and videos. Each picture is worse than the previous in visualizing just how extensive the disaster has been. Our feelings go...
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 6th of...
Market Volatility There remains much fear in the markets. Much has been written about the debts of Western nations (read our recent blog) and instability. Recently, there have been a number of articles about China’s inflation, and also fears raised about the terrible tragedy of the earthquake and Tsunami in Japan. Let me summarize much...
Some Comparisons of projected general government debt for 2011 (source IMF October 2010) Spain – 70% Germany – 76% United Kingdom – 82% Portugal – 87% United States – 99% Ireland – 101% Italy – 119% Greece – 139% Japan – 234% A bit shocking isn’t it. Of course this isn’t the entire debt, only...
We have written about this subject often. Perhaps it is time to start our new season by stating the obvious. The economy goes in waves – waves of prosperity, created by a new technology, or new advance, or some realization. Who Participates and Who Does Not This new cycle then gains momentum and strength. Those...
We have returned from vacation. Mexico, as always, is a wonderful place to visit. The people are friendly, the culture is warm and welcoming, the sun is shining, and business, mining and foreign investors are welcome. Mexico is one of our favorite places to visit and to invest. There are enormous reserves of precious metals...
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...