Monday, December 27, 2010
Wednesday, December 22, 2010
Thursday, December 9, 2010
Trouble ahead for Canada
Source: http://www.theglobeandmail.com/report-on-business/managing/board-games-2010/why-jarislowsky-thinks-stock-options-are-dangerous/article1830660/singlepage/#articlecontent
Canada’s banks got high marks from the International Monetary Fund for escaping much of the carnage that ravaged U.S. and European financial institutions in the wake of the global financial crisis. Have they done enough to leverage that position?
Yes and no, but here’s the thing: In Canada the hardship still lies ahead. Our houses are still 20 to 30 per cent above normal levels, salaries are shrinking and a lot of Canadians are heavily indebted. There’s a lurking disaster, to the extent that you have reduction of purchasing power and we are just not saving hardly anything as a nation.
That’s pretty bearish.
I think things are going to get a hell of a lot worse. We still have a trade deficit today despite the fact that commodity prices are incredibly high.
I hope I’m wrong but I think Canada is on the edge of a lot of trouble.
Canada’s banks got high marks from the International Monetary Fund for escaping much of the carnage that ravaged U.S. and European financial institutions in the wake of the global financial crisis. Have they done enough to leverage that position?
Yes and no, but here’s the thing: In Canada the hardship still lies ahead. Our houses are still 20 to 30 per cent above normal levels, salaries are shrinking and a lot of Canadians are heavily indebted. There’s a lurking disaster, to the extent that you have reduction of purchasing power and we are just not saving hardly anything as a nation.
That’s pretty bearish.
I think things are going to get a hell of a lot worse. We still have a trade deficit today despite the fact that commodity prices are incredibly high.
I hope I’m wrong but I think Canada is on the edge of a lot of trouble.
Sunday, December 5, 2010
Great quotes on attitude
http://www.theattitudedoc.com/resources/positive-attitude-quotes.html
When everything seems to be going against you, remember that the airplane takes off against the wind, not with it. -Henry Ford
The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty. -Winston Churchill
When you change the way you look at things, the things you look at change.
-Max Planck, Nobel Prize-winning physicist
Right now at this very moment we have a mind, which is all the basic equipment we need to achieve complete happiness. -Howard Cutler
Whether you think you can or whether you think you can't, you're right.
-Henry Ford
The state of your life is nothing more than a reflection of your state of mind.
-Dr. Wayne W. Dyer
The time is always right to do what is right.
-Martin Luther King, Jr.
Sometimes we are limited more by attitude than by opportunities.
-Anonymous
When everything seems to be going against you, remember that the airplane takes off against the wind, not with it. -Henry Ford
The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty. -Winston Churchill
When you change the way you look at things, the things you look at change.
-Max Planck, Nobel Prize-winning physicist
Right now at this very moment we have a mind, which is all the basic equipment we need to achieve complete happiness. -Howard Cutler
Whether you think you can or whether you think you can't, you're right.
-Henry Ford
The state of your life is nothing more than a reflection of your state of mind.
-Dr. Wayne W. Dyer
The time is always right to do what is right.
-Martin Luther King, Jr.
Sometimes we are limited more by attitude than by opportunities.
-Anonymous
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