I’d forgotten about a piece that I’d written in October 2017 about BNN’s no longer showing daily interest rate fluctuations and the Loonie’s value in U.S. dollars. Back then the Loonie’s value in green backs was 80 cents with world oil hovering about $50 a barrel. But since October 2017 Canada’s BNN has become Bloomberg’s … More Interest Rates & World Oil
Looking online for the source of a August 20 television announcement that Canada’s Prime Minister was getting back into NAFTA negotiations I got this weeks old rallying cry heading a June 20, 2018 Toronto Star article: “Trudeau urges Canadians to travel and buy Canadian in the face of U.S. trade dispute”. I have always tried … More Just a lot of “hot air”
I read online not too long ago, to my surprise, that people paid for online followers. And just a few weeks ago I experienced the truth of that fact. For a number of years I’ve been getting “garage band” recordings onto my PC via “sound cloud” and keeping them there as private. But because my … More The Follower
I’m writing this because I can’t stop thinking of what I witnessed on Canada’s business news channel as Mr. Morneau read his third Trudeau, Liberal Government budget while Prime Minister of Canada, Mr. Trudeau; looking like a boy whose parents had insisted that he attend a function he didn’t understand, sat looking distracted in a … More The Prime Minister and Canada’s Expenditures
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.