Ben Bernake the Federal Reserve Board Chairman says despite three months of strong hiring and pro-stimulus policies, further job gains will require robust consumer and business demand. Similar problems are plaguing economies all over the world. How can people spend if they have no jobs or little money put aside for nondiscretionary spending? Recently in...

U.S.A Housing Starts fell in February by 1.1%, a surprise as the market was expecting a 0.1% improvement. With weather disparities all over the country, this may have contributed to the outcome. In the UK, CPI- Consumer Prices rose 3.4% a little higher than the expected 3.3% yet down from 3.6% in Jan. Still above...

Today the Bank of Canada held its benchmark interest rate steady @ 1%. This is the 12th consecutive time the rate remained unchanged. The Bank Governor suggested rates could rise as risk aversion; signs of stabilization in Europe due to bank funding and sovereign debt markets improve the focus of the economies in question. Mario...

  The G20 as a group rejected assisting the Europeans with further financing to correct the issues plaguing the region as a whole. As was evident in the BBC News article aired on Sunday (LINK PREVIOUS 02/28), it demonstrated how Goldman Sachs orchestrated, for a ransom, the manipulation of numbers to bring Greece and other...

On Monday morning the G20 as a group rejected assisting the Europeans with further financing as the rest of the world continues to meet the challenges presented with the mismanagement of the global economy, especially  finances. The Germans the largest contributor of bailout funds had no choice but to agree to expand their funding and...

A second $172 Billion USD$ bailout was handed to the Greeks, not that they really wanted to take it but they were essentially given no choice. With only a slim chance to bring the country on the path to economic recovery, the people have become debt slaves to the rest of their mistrustful partners. This...

USA Retail Spending rose in Jan, rebounding from a weak holiday season. Seasonally adjusted @ 0.4% it fell short of market expectations for a 0.8% gain. Never the less, it is considered encouraging as deals bring money out of the mattresses. The NBA’s newest sensation Jeremy Lin of the New York Knicks beat our Toronto...

On Friday afternoon the Greek austerity deal didn’t meet the bailout terms imposed by the rest of Euro Zone. The Greek Parliament made politically unpopular decisions to slash government spending including fifteen thousand civil service jobs. The minimum wage was reduced by 22% and for a society that had the luxuries yet never paid the...

Prime Minister Harper and a delegation of Canadian politicians travelled to China this week to set the stage for possible free trade talks. The likelihood is that these meetings are expected to proceed with, “exploratory discussions on deepening trade and economic relations.” There are seventeen specific government to government issues ranging from energy to human...

Ben Bernanke testified on the state of the Nation. His concern was that the 8.3% unemployment rate understates the weakness in the U.S> labour market. He stated clearly that there are a lot of people who are either out of the labour force simply because they feel they can’t find any employment. Also a majority...

On Friday US Employment numbers showed a drop in the unemployment rate from 8.5% to 8.3%. Though the results initially looked encouraging, the results may of not told the real story. In this election year, the government will throw everything it can to its’ re-election campaign. The numbers did not reflect the 1.2 million people...

The Federal Government of Canada has continuously mentioned and warned Canadians of the potential tsunami of personal debt load in this country. In comparison  to other parts of the world, the Canadian real estate market has maintained and out performed many other parts of the world. As a result families that have been hit hard...