I recall when Mr Bernanke led the Federal Reserve the official CPI surprised him because it got above 2.1 %. According to Klugman Bernanke’s target was between 2.2 and 2.5 %. Today about 6 years since Klugman, journalists write of runaway inflation with the CPI at a towering 2.1% higher than last year. Maybe that’s … More Times’ve Changed
BNN has stopped providing interest rate numbers, and in the past 3 days the Loonie value in US dollars. To a non- finance person, interest rate and Canada/US dollar amounts are the most important barometers of our Western economies. Gold and oil prices are still given: The fluctuating value of gold usually indicates interest rate … More 1 CAD = 0.802969 USD(6:00 am, October 19,2017)
Temples fashioned by artful engineers housed gods in architectural splendor And treasure, to keep thieves in awe. Banks, temples to Pluto, give way to institutions made out of treasure.
Having read Brendan Brown’s book about asset price inflation, I can’t stop thinking about rising stock prices; and in Toronto, Ontario, Canada house price increases that would be impossible for me or any of my acquaintances to afford the over $3000. per month mortgage fee needed in my neighbourhood to maintain the average-priced $750000. town, … More Stocks Real Estate and Bonds
Yesterday January 30, 2017, John Chen, U.S. citizen born in China; head of what was once a Canadian company, Research in Motion; now the more international Blackberry Ltd. was interviewed on BNN and objected to the U.S. ban on Middle East travelers entering America. This morning, January 31, in a caption printed across CP 24’s … More Technology’s “Brave New World”
Opinion Let us hope for a Donald Trump disaster If Trump’s success transfers from politics to governing, his dark and guttural ways will become entrenched By Scott Reid, for CBC News Posted: Jan 23, 2017 5:00 AM ETLast Updated: Jan 23, 2017 8:34 AM ET Scott Reid Scott Reid is a principal at the communications consultancy … More Fearing President Trump
I just noticed that the post about Mr. George and Pen West that I wrote in August 2014 was viewed a couple of times this May 2016. For me its importance was that it was about the man who eliminated Canada’s crown corporation Petro Canada by purchasing it for Suncor. Part of the deal was for … More