Author Archive
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...
Obama Nominates Yellen as Replacement for Ben Bernake;
President Barack Obama on Wednesday nominated Janet Yellen to succeed Ben Bernanke as chairwoman of the Federal Reserve, elevating a woman to the top post for the first time in the central bank’s 100-year history. In a brief statement, Obama urged the Senate to act swiftly to confirm her “given the urgent economic challenges facing...
Israel Warns the World about Iran
Don’t be fooled by Iran, PM Netanyahu of Israel warns as the world may be ready to forgive and forget as the leadership of Tehran is using conciliatory gestures as a smoke screen to conceal its’ true intention of creating a nuclear bomb. Could it also be the fact that the USA failure to act...
Italian Politics become the Center of Attention Once Again
It is clear the uncertainty in Italian politics is raising anxiety levels. The rest of Europe is catching that cold too (especially Greece and Spain). What happens next, various scenarios are possible, and market reactions could see the fall of the government. On Saturday, Berlusconi called for the resignation of the ministers of his party...
Autumn a Traditional Time For Family Unity Through Food
Autumn is a traditional time when we preserve the foods that have become part of our being. The processes have evolved with technology. Gas burners replace the nonnas’ stoking fires to ensure the jars seal and the cantina is restocked. Last year a cousin introduced me to the preservation of chilli peppers. The taste for...
Consumer Sentiment Plunges to a 5 Month Low Debt Ceiling Debate will be the Rage in October
Consumer confidence among consumers declined in September to a five-month low. University of Michigan’s final index of sentiment decreased to 77.5 from an August reading of 82.1. This paints a picture of a consumer increasingly affected by rising rates and soaring gas prices amid stagnant incomes. This is a significant risk to the downside for...
The Calm before the Storm 09 27 2013
Last week the Federal Reserve came out with a statement that they would not taper the $85 Billion purchase of toxic assets any time soon due to prolonged weak economic fundamentals. Commodities soared, the equities exploded higher as liquidity would remain. Then the next day water was splashed on the fire and hell froze over...
As Citizens are we as safe as we think?
Yesterday I took the subway to home as I normally do. I was reading the paper and a distinguished man in a suit sat directly in front of me. As the train continued its’ run northbound a huge black man wearing army fatigues walked briskly through the center aisle. He was like the black version...
I think I love you!