Archive for the ‘Economy’ Category
Canadians Looking For Ways To Cut Spending
Friday, October 21st, 2011
It’s no surprise that Canadian’s are having a hard time getting by financially. Canadian’s are currently burden down by heavy debt (Canadian household debt hits 1.5 Trillion), bills and are really having a hard time getting by. That is why about 30% of people surveyed said that they are cutting back spending simply because they feel that their financial security right now is not sound.
Read the article, copy and paste link to your browser:
http://ca.finance.yahoo.com/news/Economical-turmoil-Canadians-capress-827274697.html;_ylt=Amtg7.AFOq9PaYk0HuEPizFyzJpG;_ylu=X3oDMTE4aWJpYWZuBHBvcwMzBHNlYwN5ZmlUb3BTdG9yaWVzBHNsawNlY29ub21pY2FsdHU-?x=0
Deflationist Gary Schilling Foresees Deflation, Hard Landing For China And S&P At 800 Going Forward
Sunday, October 16th, 2011Gary Schilling the author of “The Age of De-Leveraging” thinks there will be more pain ahead. As the economy stalls, demand for goods and commodities will fall causing deflation and subsequently stock markets will fall.
Indian Corruption Statistics – One of Most Corrupt In The World
Monday, October 10th, 2011
According to many Indian nationals and Indian immigrants to U.S and Canada , there home country is one of the most corrupt nations in the world. Many say that things don’t get done until someone is bribed…sounds a lot like Washington politics.
Here is a quote:
“From the time of birth until death, nothing will move in India without paying bribe.”
Added HQD.TO Position at Nasdaq 2500
Monday, October 10th, 2011
I recently added more HQD.TO (Horizon Nasdaq Bear ETF on TSX) position, the reason is because I foresee limited upside and more downside risk within the next 1.5 years. The Nasdaq from here might pop a little higher towards 2700 but I do not think that would happen this year.
September 2011 Job Layoffs Not Looking Good
Monday, October 10th, 2011
In August there were announcements of many large companies laying off employees, like the following:
UBS – cut 40,000 jobs
HSBC – cut 30,000 jobs
Barclays- cut 3,000 jobs
Credit Swiss – cut 2000 jobs
The above is the most amount of financial firm job cuts since 2007-2008 before, during and after the big crash. The pattern is similar, and it would seem like everything is just getting worse.
A Smaller Share of Men Have Jobs Today Than At Any Time Since World War II
Wednesday, September 28th, 2011
Here is a Bloomberg Business article that details the destruction of jobs, caused by the economic crisis that was in the making before 2007, and subsequently reared its ugly head in 2007-2008. It takes you from the past 50 years until now. Interesting read.
Read the full article below:
One Year and a Half To Next Stock Market Bottom – Dec, 2012 or Jan 2013
Tuesday, September 27th, 2011
The 2007 violent sharp downward move happend on Oct.29th which signal the bear market that eventually ended and bottomed on March, 2009. From the beginning of the bear market crash to the bottom the timeframe was 17 months roughly. The pattern is pretty much the same for all markets Dow Jones, Nasdaq and S&P 500.
Gold, Silver, Mineral Stocks Drop On New Recession Fears
Sunday, September 25th, 2011
The reason why commodities prices drop is simple, when good times are here, demand for commodities increase. More computers, electronics and other products requiring commodities like gold, silver and rare earth minerals are being manufactured, because the economy is in a growth stage more products are being sold to consumers and corporations.
