Ayn Rand: Smeared Again - My Defence
The Toronto Star newspaper has today (October 25, 2008) published an editorial titled “Twilight of the Oracles”. It takes aim at Alan Greenspan ... . That government intervention facilitated and encouraged easy credit, bad loans, and bankruptcies ... , Freedom Party of Ontario Author and Host of the Defending Ayn Rand video series on YouTube.com [more...]
Date: 2008-10-25 14:52:55
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Does This Send a Shiver Down Your Spine? (It Should)
For a while now, we have been hearing about a case in which a lawyer from Pennsylvania took it upon himself to challenge wether or not Barrack ... , the Canadian banks have had to cut their interest rates to 2.2% on home loans. Further more, due ... people are feeling that it wont be long until, (you fill in the blank.) If things were not bad enough [more...]
Date: 2008-12-10 16:38:31
Weekly Economic Potpourri November 29, 2008
Every week there are a numerous headlines that are worthy of mentioning but I simply run out of time. Here are a few headline news reports of interest from the past week.Japan’s Factory Output Falls as Turmoil Hurts ExportsJapanese manufacturers reduced production in October and plan further cutbacks as a worsening global financial crisis weakens [more...]
Date: 2008-11-29 18:46:00
Where risk lies
Well, that was amusing. Yesterday’s post about my portfolio manager and my comments to that poor boy from Toronto (he sent me an email in defence of his parents) elicited a chorus of comment, most of it negative. Seems there are people who find it inconsistent I’d give my money to somebody to invest instead of worrying about it myself [more...]
Date: 2008-12-18 03:20:39
The Past Is History
It’s Friday desk clearing time for this blogger. “Since she put her Norfolk rental home on the market four months ago, ... against their home equity through subprime loans will find it virtually impossible to refinance ... , now their loans are adjusted and they can’t make the payments,’ said Daniel Murphy, owner of Seaside Mortgage Co [more...]
Date: 2008-10-10 20:55:09
Pants ‘o Fire
Tomorrow in Parliament the finance minister will deliver an economic statement and begin a process of trying to save the nation from financial ... and said this is about as bad as it gets. The OECD (and every economist) says we’re in recession ... away in financial losses. * Credit is going to be a lot harder to find. Banks on both sides [more...]
Date: 2008-11-26 15:15:33
Single parents: it’s so too bad about the death of the 0 down mortgage
October 23, 2008 Uncategorized | Tags: 40-year amortization, Canada, Canadian government, Realty Times, self-employed, single, sub-prime mortgages, ... inside my bathroom. A few weeks ago, I pulled out something from the Toronto Star Business section ... a tougher time getting financing (just when we thought that nonsense was over). Needless to say, the c [more...]
Date: 2008-10-23 23:55:53
Debt Rattle, November 23 2008: How can I convey to you?
National Photo Co. Happiness 1919 A child holding the Thanksgiving turkey. Ilargi: It may seem sort of hard to decide which idea is sillier. But then again, that's not really fair. The nonsense oozing from Bush and Canadian PM Harper in Peru about how free trade will solve all our problems within the next 18 months goes way beyond silly [more...]
Date: 2008-11-23 20:47:32
When will the Recession end? Here's a collection of opinions.
This is the subject of my Mini poll which I invite you to vote in just below my Web site clock to the right ... , they are preoccupied with cleaning up their balance sheets after seven months of credit turmoil ... as the government had earlier reported.Economists even found bad news in the fact that the unemployment rate fell [more...]
Date: 2009-01-04 07:44:00
What is a bear market rally?
As the global financial crisis plays out, Report on Business writer Richard Blackwell examines and explains the economic outlook and the turmoil in credit and stock markets. Here, we answer your questions daily, with the most recent at the top ... plants. However, some of the gas consumed in Ontario is imported from the United States [more...]
Date: 2009-01-08 11:05:51
Latest News in Stock Market and Investments - Nov 24
Citi gets US$306b rescue - Straits Times 23 Nov 2008 at 11:36pm Citigroup is looking at putting risky assets in a ‘bad bank’ - a step to reassure investors that the rest of its assets were safe. — PHOTO: REUTERS WASHINGTON - THE US government unveiled a bold plan on Sunday to rescue troubled Citigroup, including … UBS Needs More State Aid, [more...]
Date: 2008-11-24 14:21:51
Despite The "Sudden Stop" Kazakhstan Won't Be Calling On The IMF For Help
"The Kazakh government is ready to step in,'' Kazakhstan's Prime Minister Karim Masimov said this morning in a telephone interview with Bloomberg " ... in Toronto say in a report only last week that, along with Latvia, the country's $100 billion oil-led economy is among the most vulnerable to the present global credit crisis and the skid-row economic [more...]
Date: 2008-10-21 10:18:00
Banking on the Deficit Doldrums
Despite early-morning signs of market rallies, and a report yesterday from the International Monetary Fund saying that Canada may be the only G7 ... in loans from Canadian banks (it got “caught off-guard”). The Globe leads with news that the Canadian counterparts of the Detroit Three - GM, Ford, and Chrysler - are seeking meetings with Ontario [more...]
Date: 2008-11-07 17:27:34
The Bailout Bonanza Rolls On
Special For Agora Financial Readers: Get a FREE Copy of the Just-Released I.O.U.S.A. DVD... At last, here's how you can own the award-winning I.O.U.S.A. documentary FREE on DVD... over a month before it's even available to the general public! It's my gift to you, and it's also just the beginning of what you'll get in our new " [more...]
Date: 2008-12-06 17:05:00
And Then There’s This…Thursday, January 15th, 2009
As per usual these last few days, gold did nothing in Far East or European trading ... time when a rally commenced. But it was all for naught once the London p.m. fix was in. The bids ... -) will move their earnings release date to today from next week. How bad must their numbers be? Citigroup’ [more...]
Date: 2009-01-15 20:30:45
THE FINTAG NEWSLETTER @ 09 December 2008
FINTAG COMMENT Confidence. There are a lot of unconfident people around. Existing frameworks, values and modus operandi are under attack ... and compared to other company statistics. Credit Rating Agencies did the same and rubber stamped ... to be nothing but ratings-for-hire, analysts, bankers, creditors and traders have turned to Credit [more...]
Date: 2008-12-09 10:34:00
Textbook Torrents down, but …
p2pnet news view Freedom | P2P:- Geekman used to run a site featuring a directory of online books. Then, following a post in the Chronicle of Higher Education, the publishers, “have taken steps to enforce their copyrights and keep the site from encouraging the trading of their books,” said p2pnet last month, quoting the article [more...]
Date: 2008-10-16 10:52:39
The Recession, Hoover And Bush Paradigm"
Wed Oct 15, 1:51 PM In this Dec ... and sharp restrictions on credit that are now putting severe pressure on consumer spending ... U.S. economist at Capital Economics in Toronto. "What they should be looking back at is further."That requires [more...]
Date: 2008-10-15 23:17:00
Week Ahead: Detroit Doubles Back to DC
By The Greek - Economy & MarketsVisit the front pages of Wall Street Greek and Market Moving News to see our current coverage of economic reports and financial markets.Just a week since the Detroit three were ridiculed by Congress and sent home to draw up a plan, they're scheduled to return. General Motors (NYSE: GM) [more...]
Date: 2008-12-01 13:50:00
Subsidizing Criminal Capitalism
Why are we bailing these guys out with taxpayers money while they are guilty of being criminal capitalists ... million to settle claims over bad loans. RBC Mortgage, formerly known as Prism Mortgage, had a lending ... . Of course hidden in their bad loan charges will be the costs of criminal charges as well [more...]
Date: 2008-11-26 10:15:00
It's The Economy, Stupid!
It’s The Economy Stupid! Around the blogs we read the following: Everybody Loves Your Money asks the chilling question, Is this The End of America? ... on outside of their house, but not bad advice. Gail Vaz-Oxlade talks about how Credit Limits Going Down, not just credit rates, but limits too! Read on, as the sage of savings straightens you out. [more...]
Date: 2008-10-09 07:14:16
Cara's Commentary & Community Chat, Wed., Oct. 15, 2008, 8:42am ET
The airwaves are now full of chatter. Everybody in the media, it seems, has a position on the economy and direction of the market ... , the more you will smell some good, some bad. You will need to have full control of your senses to help ... no tickee” syndrome. That’s what happens when job layoffs and credit withdrawals and underwater [more...]
Date: 2008-10-15 14:47:27
January 5 - No Layoffs at Microsoft? - IBM Mass Layoff Rumors - Orange County Jobs Crushed - Precoat Strips Jobs of 100 - Amsted Derails 363 - Cigna Ensures 1100 are Jobless
Mike: I hope you all had a fine holiday season. The layoff announcements should begin anew as companies realize that the holiday shopping season wasn’t as good as they had hoped. Also, the bad PR with laying off at the holidays past and companies no longer feel that pressure. One of the big news stories this month will be Microsoft’ [more...]
Date: 2009-01-05 00:33:58
Mark Carney and the Calculation Problem
The Bank of Canada has just slashed its lending rate to 1.5% this week as a strategy to fight the recession ... out of a recession, it is invariably bad policy because of systemic reasons. Time Unless ... Ferley, assistant chief economist at Royal Bank of Canada in Toronto, the country’s biggest lender [more...]
Date: 2008-12-11 12:04:11
WEDNESDAY JANUARY 13, 2009
THIS SITE SUPPORTS ALL THE MEN AND WOMEN OF ALL POLICE DEPARTMENTS, EMS CREWS, IN ADDITION TO ALL SERVING IN THE CANADIAN ARMED FORCES, ... ANIMATED DOPPLER STORM RADARNortheast Next Snowstorm CANADA WEATHER WARNINGSNEW BRUNSWICK & MAINE BORDER WAIT TIMESALL OF ATLANTIC CANADA STORM WARNINGS:This Site GIVES you the news as it happens, 24 [more...]
Date: 2009-01-14 00:21:00
Carnival of Twenty Something Finances
Welcome to the December 29, 2008 edition of twenty something finances. Thank you for dropping by and participating! I decided to host this carnival because personal finance has been a hot topic lately. Especially with the way the economy has been performing. Although it’s bad now I do believe it will recover [more...]
Date: 2008-12-29 07:38:10
Business News AOL Canada
... - The deepening recession took another bite out of Canada's labour market in December as the country shed ... . "In short, a bad situation could become dramatically worse" if Washington doesn't go far enough [more...]
Date: 2009-01-09 21:25:01
Debt Rattle, November 20 2008: Look What Reward the Serpent Got
National Photo Co. God and Ford 1924 Ford Motor Co. building on Pennsylvania Avenue, Metropolitan Methodist Church on C Street Washington, D.C. Ilargi: If Wall Street were forced today to take a breathalyzer test and walk a straight line, it would lose its license and be locked up [more...]
Date: 2008-11-20 22:40:26
Paradox remains: bank lending flows in spite of credit crisis
post describes my new-found economic despair. As the credit crisis persists, the risk of a longer recession grows. Two things have changed over the last month: (1) gas got really cheap, and (2) credit conditions ... in the credit markets. Right now, there is a paradox in the banking system: in spite of a credit crisis [more...]
Date: 2008-11-17 15:10:56
Gates of Vienna News Feed 1/5/2009
Read through the official European reactions to Israel’s ground offensive into Gaza: Zapatero, the Vatican, ... Gaza, the Vatican Raises the White FlagItaly Urges Gaza TruceItaly: Verona to Target Home Sex ... in DemonstrationsGush Katif Expulsion Victim Returns ‘Home’ as SoldierHave Israelis Finally Learned the Strategic Value [more...]
Date: 2009-01-06 04:54:00
Debt Rattle, October 22 2008: Shelling
Library of Congress Shelling 1865 View from Circular Church, Charleston, South Carolina, after shelling by the Federal Navy. Ilargi: Stocks are plummeting once more all around the world, and if you think that trend will stop anytime soon, then you haven’t been paying attention [more...]
Date: 2008-10-22 18:29:54
DrumBeat: October 2, 2008
John Michael Greer: Cassandra's View In this setting, the presentations and talk at the conference took on a surreal quality, as though the global civilization we were discussing – the one running out of cheap and easily available fossil fuels – was on some other planet [more...]
Date: 2008-10-02 14:01:45
STI marks worst-ever year, ends down 49.2% from 2007
From http://www.channelnewsasia.com/stories/singaporebusinessnews/view/399447/1/.htmlSINGAPORE: Singapore shares closed slightly lower on Wednesday to end the year down a massive 49.2 per cent after the world’s worst economic crisis since the Great Depression slashed share values.The blue-chip Straits Times Index shed 9.09 points, or 0 [more...]
Date: 2009-01-01 05:16:00
Latest News in Credit History and Jobs - Nov 7, 2008
Dollar Falls on Speculation Jobs Report Will Spur Fed Rate Cut - Bloomberg 7 Nov 2008 at 5:47am Nov. 7 (Bloomberg) ... - Edmonton Sun 7 Nov 2008 at 8:03am TORONTO - North American markets were all higher Friday morning ... from election hiring. Toronto’s S&P/TSX composite index rose 39.8 points to 5,595.21 … New Zealand [more...]
Date: 2008-11-07 15:44:32
E*Trade on the Brink - Seeks $800 Million from TARP to Stay Solvent
Battered E*Trade banking on government fundsFri Nov 21, 2008 5:15pm ESTBy Jonathan SpicerNEW YORK (Reuters) ... U.S. government funds that would bring some relief to its book of bad mortgage loans.Shares ... situation. E*Trade Bank offers credit cards, savings and checking accounts, and mortgage and home equity [more...]
Date: 2008-11-22 21:26:00
Bizarre: Reading an Anti-Bailout Piece in the Toronto Star
The Toronto Star picks up David Ignatius' syndicated column on the subject of bailouts ... would be that bad behaviour brings a rescue. If Wall Street investment banks can get away ... , or who maxed out his credit cards without a hope of repaying the debt? What the heck? We're [more...]
Date: 2009-01-05 20:40:00
Despite The "Sudden Stop" Kazakhstan Won't Be Calling On The IMF For Help
by Edward Hugh: Barcelona"The Kazakh government is ready to step in, ... Markets in Toronto say in a report only last week that, along with Latvia, the country's $100 billion oil-led economy is among the most vulnerable to the present global credit crisis and the skid-row [more...]
Date: 2008-10-21 10:17:00
Toronto mortgage. WHAT SHOULD YOU DO IF YOU HAVE BAD CREDIT
Check your credit history thoroughly. Look for errors and make sure the information in the report is correct and up to date. If you believe that the information in your credit report is incorrect, contact the financial ... with the three credit-reporting bureaus explaining your situation. Pay your bills on time. Although [more...]
Date: 2008-12-03 07:36:13
I’m Baaaack… and Your First Case Study
The move went well, and I am now safely ensconced in my new home in Brighton ... of a bind with the move since I’d already committed to speaking to the ETFO in Toronto on the evening ... night and Thursday with me as I finished packing. We moved Friday. Then she drove me to Toronto [more...]
Date: 2008-12-08 10:01:26
Keep Your Friends Close, And Your Self-Proclaimed Allies As Distant As Possible
After publishing the introduction to my series on the Prager essay, I thought of a pair of current events that illustrate what I meant when I wrote, "An enemy who is an avowed antagonist is usually less dangerous than an enemy who claims to be an ally [more...]
Date: 2008-12-06 16:35:00
“Its the economy stupid” - Part VIII
How did it all start. What was the root cause of the current financial turmoil? ... by banks) at 6.5%. By the end of 2002, the federal discount rate was 1%, with the prime rate for loans ... record — no employment, no credit rating and no stable income. The banks were doing that because [more...]
Date: 2008-10-14 01:19:40
Brand Death
A.D. Freudenheim, The Editor I can admit this: I love my bank ... . My bank was just fine; it apparently avoided making many bad loans or sacrificing banking principles ... that it was attractive to bank robbers and, eventually, to Toronto [more...]
Date: 2008-12-15 02:10:00
Picture this - 11-25-08
We've stated this before, but one of the more satisfying aspects of doing EN is the eagerness of readers to do our work contribute ... the initiative to hunt wild turkeys on his own and distribute them to young children: -Loans are being [more...]
Date: 2008-11-25 08:36:00
Bank of Canada's Monkey See Monkey Do Policy
The Globe And Mail is reporting the Bank Of Canada to take riskier assets as collateral ... , giving it more power to fight the credit crisis. For the first time, the central bank will accept as collateral for emergency loans asset-backed securities of the type at the heart of the crisis [more...]
Date: 2008-07-27 20:02:24
Profit From the 2011 Economic Disaster
Are We 33 Months From Real Economic Disaster? Dear International Friend, Many investors worry about the current economic downturn…yet there is a destructive investment fundamental that is now so powerful it overwhelms all other factors that affect investing [more...]
Date: 2008-12-29 12:41:47
Bad Credit Car Loans - Realize Your Dreams
by Mary Bush Dreaming of buying a car? Car loans are the best option ... that you have to make a major sacrifice in life like giving up on your dream. Bad credit car loans Toronto ... before taking off? No, surely not. With lenders specialized in the field of bad credit car loans [more...]
Date: 2008-12-30 14:37:17
Stop Smoking Crack - Don’t Take The Loan
A report from the Associated Press. “Existing home sales in the Midwest tumbled nearly 18 percent in August from last year, while the median sales price in the region fell 5.6 percent to $168,000, the National Association of Realtors said. The median sales price fell in nine cities in the AP-Re/Max report [more...]
Date: 2008-09-26 12:48:53
the pros and con with project payday: bsp data personal loans
bad credit rv unsecured loan motorcycle title loans paydayloans without a checkbook thinkcash scam- does student loans affect credit fast cash lenders in toronto poor credit home loan cash advances made to western union car loans no … See original here: the pros and con with project payday: bsp data personal loans [more...]
Date: 2008-11-30 08:59:40
Discover A Carnival Of Real Estate Market Reports
Welcome to the October 26, 2008 edition of Real Estate Market Reports. This is by far the largest offering of real estate market reports from around the country (and beyond!) that we have provided thus far. With 55 real estate professionals contributing from all over North America, [more...]
Date: 2008-10-27 11:58:52
Stock Market Dictionary - C
CFifth letter of a Nasdaq stock descriptor specifying that issue is exempt from Nasdaq listing requirements for a temporary period.CAThe two-character ISO 3166 country code for CANADA.CADThe ISO 4217 currency code for Canada Dollar.CADSSee Cash Available for Debt Service [more...]
Date: 2009-01-02 16:33:00
