Yup, that's what I almost did and it reminds me of how it changed my long term investment strategy. [more]
The financial crisis is still early and already the FDIC is bringing up going to treasury....
I have maintained that water issues are such that the growing lifestyle will never be for the masses. Mish had a post about China, but I what I really took note of was the dead fish, and, yuck, the guy harvesting the dead fish... [more]
Vancouver is to be the host of the 2010 Olympics and it has caused extra problems for Vancouver, imho. For one, the housing bubble got grossly excessive, certainly exceeding Florida's bubble, although Los Angeles was worse. [more]
I had to laugh a bit at Naked Capitalism's post about commercial real estate. The writing on the wall for the collapse of commerical real estate has been on the wall for so long, I have to agree the New York Times no longer knows the definition of news...
I am writing from Chetwynd on my way back north. [more]
I like graphs in this post, "the Great Consumer Crash of 2009," It is the basis of my bearish position. What I see in it also tells me how young people's future was guaranteed to be marginalized compared to the generation before them. I didn't understand what was being done at the time, but it has created a massive discrepancy in wealth and resources. [more]
July 22 I post a link to Bespoken with their poll of whether oil would see $110 or $150 first when oil was about $130. It is getting awfully close to the $110 winning...
Goldcorp remains an over priced pig. Their last financial reports were out last week. [more]
There are things about a declining economy that can really give you a heavy heart. Right now if you have things you want to buy and money to spend the deals are fantastic. I've been spending. [more]
Thompson Creek Metals is an interesting mining story as they were a big producer taken over by a small producer, Blue Pearl. Interesting, after the take over Blue Pearl ditched their name and took on the Thompson Creek Metals name. [more]
Reading various things on the markets there has been a lot of hype about investing in foreign markets. When you consider the declining US dollar, well businesses that did business with other countries made a killing as their US price increased dramatically due to the weakening dollar. [more]
Here's another effect of the financial squeeze on households, less support for food banks. In Vancouver donations are down 20%, yet demand is up. [more]
Read this and if you notice any misrepresentations state them in the comments. If you have read my posts on gold stocks previously this could be an easy catch. I think the way investors read it it implies something very different then the truth. [more]
Well, that's what it felt like for sure when I called to get my insurance on my "new" car. They only charged me $367. I swear, that was about what I paid the first time I ever got car insurance. [more]
Many of the things I thought were coming seem to be showing up, higher interest rates for example. I expect higher taxes and I expect home owners to be particularly hard hit. When I was thinking through where I thought the economy was heading I concluded that I did not want to own more home then I need as to do would be to have city councils consider me an open tap to access funds. I suppose I've become resentful of waste and what I consider incorrect policy. [more]
Well, I am now the owner of a 2002 Toyota Seqia, and now I have to figure out what to do with my existing car. [more]
Big Picture has a post and they say consumer discretion earnings are down more then financial earnings. [more]
I just looked at my CAPS profile and it says 100.00.
There is no question that if you look at banks historically you can see the factors that investors promote when looking for a "good" investment. My friend that encouraged me to invest at the time was waiting for a huge market correction. That was back in 2006 and he was already more then half cash. One that he mentioned he wanted to pick up was HSBC, and his price was in the $65 range. The reasons, years of growing dividend, expanding into emerging economies, steady in their years of showing growth, etc. There is a list somewhere, I am sure. [more]
In googles array of products they have included the ability to bookmark web pages of interest to you so you can find them on whatever computer you are on. [more]
My goodness, don't make me laugh so hard...
"Rob Curran attempts to calm the fears of those who think it’s too late to buy banks."
You've got to be kidding...