Toward the stretch run of 2012 the markets were somewhat stagnant;anticipating the decisions of the American government in order to avert what was referred to as the Financial Cliff. The political parties created such drama in public to strive for a resolution to avoid projected income tax increases for the majority of Middle and Lower income earners while imposing tax increases for the wealthy. When push came to shove an agreement was reached and the compromise allowed a relief rally in the equity markets. It seemed like it was an opportunity to pump and dump, as the traders took their profits while those with confidence in equities re-established their positions and hope that things are going to get better. The problem is that now the Government is facing another crisis, The Debt Ceiling will need to be increased to allow public employees to be paid and services to continue unabated. The printing presses will continue but the question remains when will this false economy blow up?

The French our now militarily engaged in Mali to thwart the advancement of Al-Qaeda. It is important not to allow the enemy to establish a base from which to attack targets, especially in Europe.

The Toronto Transit Commission (T.T.C.), relieved almost 20% of their in house constables from their jobs as a ring of fraudulent tickets were issued to justify
their work and commissions. Unfortunately these employees picked on the homeless for
which the T.T.C has a policy not to ticket the homeless. It is just shameful.

 

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