05Jul2012 - The Smartest Man is a Firedancer!
Quote from the following Blackstone Capital Commentary by Byron Wien.
"For years I’ve been telling you that the accumulation of debt was going to be the ending of the developed world and for years you have been telling me my views are too extreme. The problem is you are an optimist and I am a realist. You go around with a smile on your face thinking that there are serious problems facing us, but that everything will turn out favorably because the policy makers will do what they have to do to avoid disaster, and so far you have been right. The developed economies and their stock markets have plodded along and investors haven’t made or lost much money in spite of the challenges. At a certain point, however, the temporary measures that the policy makers put in place to avoid financial catastrophe prove insufficient and that’s where we are now."
Link to the Byron Wien's full article.
http://www.blackstone.com/news-views/market-commentary/blog-detail/byron%27s-market-commentary/2012/07/02/the-smartest-man-is-a-firedancer
Thursday, 5 July 2012
Wednesday, 4 July 2012
Wednesday 04July2012 - Birthday Greetings
Wishing our US of A friends and neighbors a Super 236th Birthday.
We Canadians still refer to our southern neighbor as Uncle Sam.
The origin of the Uncle Sam nickname from Wikipedia.
On this day in 1813, the United States gets its nickname, Uncle Sam. The name is linked to Samuel Wilson, a meat packer from Troy, New York, who supplied barrels of beef to the United States Army during the War of 1812. Wilson (1766-1854) stamped the barrels with "U.S." for United States, but soldiers began referring to the grub as "Uncle Sam's." The local newspaper picked up on the story and Uncle Sam eventually gained widespread acceptance as the nickname for the U.S. federal government.
Wishing our US of A friends and neighbors a Super 236th Birthday.
We Canadians still refer to our southern neighbor as Uncle Sam.
The origin of the Uncle Sam nickname from Wikipedia.
On this day in 1813, the United States gets its nickname, Uncle Sam. The name is linked to Samuel Wilson, a meat packer from Troy, New York, who supplied barrels of beef to the United States Army during the War of 1812. Wilson (1766-1854) stamped the barrels with "U.S." for United States, but soldiers began referring to the grub as "Uncle Sam's." The local newspaper picked up on the story and Uncle Sam eventually gained widespread acceptance as the nickname for the U.S. federal government.
Wednesday 04Jul2012 - Just the Facts!
Everyday we are bombarded with news regarding the ongoing saga of the European debt crisis. It pushes the rapidly growing US government debt problem into the background. The following chart would seem to indicate that the US may soon be facing the same problem. Considering that US government is growing by 1 to 1.5 trillion dollars a year.
Everyday we are bombarded with news regarding the ongoing saga of the European debt crisis. It pushes the rapidly growing US government debt problem into the background. The following chart would seem to indicate that the US may soon be facing the same problem. Considering that US government is growing by 1 to 1.5 trillion dollars a year.
Sunday, 1 July 2012
01July2012 - Wishing You a Very Happy Canada Day
Today we celebrate Canada's 145th Birthday. Canada gave birth on the 1st of July 1867 by the Constitution Act of 1867 which united 3 British colonies (New Brunswick, Nova Scotia and Province of Canada) into a single entity called The Dominion of Canada within the British Empire. The Province of Canada colony was divided into Ontario and Quebec.
British Columbia joined the Confederation of Canada on the 20th of July 1871.
I am proud to be a Canadian and I hope you are too. And yes, British Columbia is God's country.
To our American friends, we will definitely be celebrating your 4th of July Birthday as well.
Today we celebrate Canada's 145th Birthday. Canada gave birth on the 1st of July 1867 by the Constitution Act of 1867 which united 3 British colonies (New Brunswick, Nova Scotia and Province of Canada) into a single entity called The Dominion of Canada within the British Empire. The Province of Canada colony was divided into Ontario and Quebec.
British Columbia joined the Confederation of Canada on the 20th of July 1871.
I am proud to be a Canadian and I hope you are too. And yes, British Columbia is God's country.
To our American friends, we will definitely be celebrating your 4th of July Birthday as well.
Friday 29June2012 Market Action Comments
Friday's stock market euphoria will most likely be very short lived.
Nothing has changed.
Economic Growth through Financial Engineering has reached its end.
People have to STOP Spending Money They do NOT HAVE.
The following comment by Danielle Park.
Hope floats on more debt
Risk markets are roaring out of the bell this morning, on the next wave of nonsensical hype that today’s 20th EU summit has solved European insolvency. More debt and even more debt will not work. Most repugnant is the agreement once again to further subjugate European taxpayers as their political representatives agree that bond holders will continue to enjoy preferred-creditor status on crisis loans ahead of taxpayers. If there is any doubt as to who these politicians see as their true constituents, this agreement further reminds us–it’s the banks, not “we the people”.
This is another in a long line of efforts to save banks ahead of the real economy as taxpayers are thrown further and further under the bus. And that recession that is now underway around the world? More debt and more cuts to the real economy to support fake balance sheet values in banks will only extend and deepen our global downturn. Tomorrow we suffer more, but today apparently, we dance.
And a link to Jim Rogers interview on CNBC
http://video.cnbc.com/gallery/?video=3000099838
Friday's stock market euphoria will most likely be very short lived.
Nothing has changed.
Economic Growth through Financial Engineering has reached its end.
People have to STOP Spending Money They do NOT HAVE.
The following comment by Danielle Park.
Hope floats on more debt
This is another in a long line of efforts to save banks ahead of the real economy as taxpayers are thrown further and further under the bus. And that recession that is now underway around the world? More debt and more cuts to the real economy to support fake balance sheet values in banks will only extend and deepen our global downturn. Tomorrow we suffer more, but today apparently, we dance.
And a link to Jim Rogers interview on CNBC
http://video.cnbc.com/gallery/?video=3000099838
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