Author Archive
A MileStone for a Father Who Always Lead By Example Displaying Unconditional Love For His Family and Friends
Last Week was my Fathers’ 75th birthday, a milestone to say the least. To this day I am still afraid of him, as a kid, he not only instilled discipline in me but respect for others. I have to admit I grew up well grounded and responsible never really causing our family any serious issue....
Commodities Respond To Euro Crisis
With Cyprus voting to apply a onetime levy on bank deposits by order of the IMF and Eurozone, as a condition for a Bank Bailout of $10billion, Gold responds positively up USD$12.40 to 1605.00/USD$/OZ; Silver was unchanged holding @ $28.85USD/OZ. Meanwhile Oil dipped below to $0.90 to $92.55USD$/barrel. I was just told the Cyprus Banks...
Eurozone in Crisis Again as Cyprus Needs Bailout! Eurozone demands Levy placed on Deposit holders.
Cyprus’s government has again postponed a crucial parliamentary vote on a controversial levy on bank deposits that the cash-strapped country’s creditors have demanded in exchange for a €10 billion ($13 billion Cdn) rescue package. The speaker of parliament said the one-day delay is needed to give the government time to amend an international bailout deal...
A New Pope to Be Elected What Controversy Will Follow?
Pope Benedict the first Pope to retire in over 600 years. It seems not a day has passed his Papacy without allegations of sexual abuse being front and center. Yet there always seems to be a scapegoat for the controversy at hand, the recent issue “The Butler did it”, when scandal broke out about stolen...
Oil Continues to Grind Away
With the Sequestering in the U.S.A. and no means of a solution, automatic cuts took place as of midnight Friday. Also news that Americans income dropping to worst level in 20 years; City of Detroit not being able to pay its’ bills and looking for a bailout; Jobless rate in Euro zone for youth approaching...
Interest Rates Going Nowhere but Down: The List of Billionaires Increase at whose Expense? The Queen has a Belly Ache.
BMO’s move over the weekend to cut its benchmark five-year mortgage rate to under 3% from 3.09-2.99%, could spur other banks to follow suit in the lead-up to the busy spring home-buying season. “Banks will be banks, it’s not the first time the banks have tried to undercut each other in order to prop up...
Don’t Shoot I Want to Grow Up!
In a country like Canada with a semblance of gun control and rules over gun ownership, we continue to witness the shooting deaths of children. Why? Many community leaders are scratching their heads to understand the reasoning for such unnecessary carnage. Society is always in transition, yet much point to the cultural acceptance of certain...
Commodities Correct: Buying Opportunity?
The numbers this yesterday morning provided some indication that the market may slowly be turning as housing numbers although negative were spun in a positive light. This positive spin may have been the catalyst to an implosion in commodity prices as Gold tumbled USD$40.20 to 1563.90/USD$/OZ. Silver took it on the chin $0.90 to $28.53...
Canadian Housing Correcting Nationally: USA Housing Better…But not close to what it was.
Home prices in Canada declined for the fifth straight month in January. Prices were down 0.3 per cent over the 11-city composite index, declining in seven of 11 major Canadian markets from December. Real estate showing lowest annual growth rate since late 2009 as the housing market continued to cool. Only Vancouver has seen an...
Valantines Day What does it mean to you?
Saint Valentine is a widely recognized third century Roman saint commemorated on February 14 and associated since the High Middle Ages with a tradition of courtly love. Nothing is reliably known of St. Valentine except his name and the fact that he died on February 14 on Via Flaminia in the north of Rome. My...
Hi Fives at the State of The Union
The previous night the World awaited, with anticipation, the ‘State of the Union’ address by President Obama. Entering the historical chamber, high fives were exchanged with the participants as he made his way to the podium. We would tend to believe that his proclamations will become reality, even after the standing ovations received. Was there...
Eurozone Economy Shrinks More than Forecast and Currency Wars Will Fuel Discussion at Upcoming G20 Meeting
The GBP saw another severe sell-off hitting six-month lows against the US dollar. With recent economic data from the UK consistently disappointing traders expect another round of quantitative easing from the Bank of England. The yen gained ground against most of its rivals before a Group of 20 meeting at which officials may debate the...
I think I love you!