Author Archive
Rob Ford Drama Sidetracks Real Life and Death Issues in the Philippines
A week after the typhoon struck the Philippines, there is immense need along this coast, much of it untouched by an aid effort that is struggling against clogged airports, blocked roads and a lack of manpower. But amid the desperation, a spirit of resilience was clearly evident Friday as the residents of Guiuan and other battered towns...
Janet Yellen will Stay the Course
Janet Yellen indicated she’ll press on with the Federal Reserve’s unprecedented monetary stimulus until she sees a robust recovery, downplaying risks the policy is inflating asset bubbles. The commodities acted positively as did markets. Gold rises +2.50 at $1,288.50USD/oz; Silver recovers to 20.75 +0.3 leaving the Gold Silver Ratio at 62.11 widening from historical norms,...
If You are Happy and You Know it Clap your Hands!
Those were the days as I was reminiscing about being in kindergarden. I remember bringing my fathers old flannel shirt to school, not knowing what to expect the teacher was going to have us finger-paint for the first time. Oh how the adrenaline raced through my body with anticipation as if I was a young...
Deflationary Talk Puts Damper on Gold
With deflationary pressures mounting in the Euro zone, the ECB took action by lowering rates 0.25%. This proactive response is meant to counter the more concerning and damaging effect of deflation. When prices are reduced and borrowing is based on values it is much more difficult to extract funds from non performing assets to borrow...
ECB Lowers Interest Rates ¼ %; Remember Movember for Prostate Cancer;
Euro tumbles sharply after ECB cut the main refinancing interest rate by 25bps to record low of 0.25%. The marginal lending facility rate was also lowered by 25bps to 0.75%. Deposit rate was held unchanged at 0.00%. The decision itself wasn’t a surprise to the markets as deflation risk is expected to force ECB to...
The Righteous Ones, Here They Come!
Last week you heard it here first when I alluded to the fact that Bill Blair, should resign as Police Chief. Prior to Rob Ford’s genuine confession, he insinuated from the findings of an investigation by directly implicating the Mayor in a public manner without ‘Due Process’. He politicized the event by pointing to previous...
Rob Ford Media Circus Moves Movember from the Spotlight
The beginning of November is the start of Movember a noble cause for the benefit of prostate cancer.Unfortunately the papers are too concerned about a more noteworthy cause, “The Mayor of Toronto”. Sure Rob Ford has not been a stellar, conforming, cultured individual. His actions speak louder than words and some of his decisions are...
Trick or Treat?
In the last few weeks I seem to have had an out of body experience. Having elevated blood pressure and a bout of gout, things need to change quick…or else. It started when my youngest left her new Apple phone in a Swiss Chalet restroom. Shortly after we left, we returned and the phone was...
Gold and Euro fall on Central Bank Bets
The euro weakened the most in six months vs. the USD$, as inflation in the region slowed more than forecast and improving U.S. economic data fueled speculation the Federal Reserve will taper stimulus in coming months. Treasuries and gold fell. Inflation in the euro region slowed to a four-year low of 0.7 percent and unemployment...
US Jobless Claims Drop 10,000 to 340,000; Harper PM Forever?
The number of Americans filing for unemployment benefits fell for the third week in a row, but claims are still above end-of-summer levels even though California said it fixed computer problems that kept thousands of applications in limbo. “The good news is that businesses aren’t slashing jobs at a troublesome rate,” “The bad news is...
When is Enough, Enough?
When is enough, enough? Finally Ontarians found out the actual cost of the cancellation of gas plants will be, over $1.1 Billion. Electricity bills will reflect this cost for years to come because the Liberals needed to maintain their grip on power with absolute and total disregard for the welfare of our Province. Their actions...
Stalemate in DC Budget a Concern
American Civil Servants are being asked not to report to work as the budget process is being held hostage. The Republicans and Tea Party want to reduce or eliminate Obamacare in order to compromise and increase the debt ceiling. But Obamacare, will be the Presidents legacy. In the land of milk and honey the majority...
I think I love you!