Author Archive
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...
Illegal Gaming The Good, The Bad and the Reality
Last weekend with all the festivities and Super Bowl parties going on, one particular party was cut short via a police raid. I am not condoning the actions of illegal gaming or organizations that exploit others for profit but let’s look at this a little closer. The media publicly stated the bad guys were caught...
Are we witnessing a Meltdown?
The Canadian dollar continued its downward spiral. Canadian job numbers were not great on Friday, even though the unemployment rate edged down from 7.1 to 7.0%. As stock markets opened a little negative oil rebounded but gold takes it on the chin! Gold drops a whopping $18.00 to 1649.00/USD$ while Silver slips $0.47 to $30.98....
European Rate Decision: Pipeline Delays Costing Canadian Economy; China becomes the worlds #1 trading Partner: The Pope Retires?
The ECU left interest rates unchanged last week. When many countries are affected in the monetary policy then disagreements tend to arise. On one had despite German factory orders being disappointing, a government spokesman said “the euro was not too strong at the moment if you “consider the long term average.”” The French on the...
An Interesting Turn of Events Determines a Championship
Superbowl Sunday came and went with the outcome a little surprise with Baltimore Ravens taking the Championship Crown from the San Francisco 49ers. The highlights of the game centered on the coaches, Jim and John Harbaugh, two brothers became adversaries on the grid-iron rather than their family home. Another story line was the last game...
Did you Win on Superbowl Sunday?
On Superbowl Sunday millions of dollars were spent on food and wagers. Bets ranged from gentlemanly to “the mortgage ones’ life”. The loan sharks are trying to collect this morning knowing many have no means to repay their debt. I am sure that body parts are becoming the currency of choice as the criminal element...
U.S. Factory Orders Disappoint: Iranian President an Astronaut? Winter Olympics 1 Year away in Sochi, Russia
WASHINGTON (MarketWatch) – Orders for goods produced in U.S. factories rose 1.8% in December, the Commerce Department said Monday. Economists surveyed by MarketWatch expected orders to increase by 2.3%, largely because of higher orders for commercial and military aircraft. Orders for durable goods – products meant to last at least three years – advanced 4.3%...
England GDP Lacklustre; Canada Inflation Grossly Lower than Expectations; Brazil in Mourning.
The pound suffered yet more weakness on Friday, after the release of worse than expected GDP figures, a 0.3% drop against a forecast of a -0.1%, reason for the poor reading were the unwinding of the economic boost from the Olympic Games, and plunging oil and gas output, which now leaves the country on the...
Smell the Roses in All You Do
Profits are great but at what expense? In Brazil the answer came in the form of a horrific accident possibly the result of promoters trying to capitalize on the testosterone induced youth while ignoring bylaws and regulations imposed for their safety? The truth will be found unfortunately many won’t be returning home. Smell the roses...
Ontario Liberals Elect Their Leader But At Whose Expense?
This Weekend the Provincial Liberals elected their new leader, Kathleen Wynne. She becomes Premier by acclamation. Her previous boss quit when the going got tough! Dalton couldn’t handle the heat as his lies were about to catch up. He rallied the teachers for support promising the world and then pulling the rug from underneath them....
Life Revolves Around Food
The other day my Mother cooked a simple traditional dish of beans, spinach and potatoes, sprinkled with olive oil. With the weather so mild, my parents are still producing from their garden. April in January, it has been incredible until now. As a kid, I would gag when any sort of vegetable even touched my...
Energy A Necessity of Urban Life
Gold may not be stored in Central Vaults but a more crushing blow would be the lack of power in our urban centers. We are all plugged in! Image life without power and how your daily routines would be affected? Our dependency on oil has been the result of big business and power hungry politicians...
I think I love you!