Posted by Dave Robertson on Monday, December 21, 2009,
I thought this was really interesting:
Canada's Debt Clock
It is interesting to watch the debt clock tick upwards, and at quite an alarming rate I might add. Remember more debt = more printed money = decreased purchasing power for the dollar = inflation = people with cash lose and people with hard assets win.
Continue reading ...
Posted by Dave Robertson on Thursday, December 10, 2009,
archived from December 9th, 2009
The Bank of Canada yesterday announced that they will keep it's overnight lending rate at 1/4 per cent and is expected to remain until end of second quarter 2010. The rate has remained unchanged since April 21 2009.
Have you ever stopped to think on why they change the overnight rate? What is the overnight lending rate anyway? One of the functions of the Bank of Canada is to set monitor and control certain economic conditions in order to promote growth and stabi... Continue reading ...
Posted by Dave Robertson on Thursday, December 10, 2009,
archived from December 8th, 2009
Have you heard the saying cash is king? We have been told that cash is king, and I agree with the statement for the lesson it's trying to teach. This saying is trying to teach us that having sufficient cash flow is chief because cash flow is what allows us to meet our daily financial needs and saves us from having to use credit cards and other forms of debt. With enough cash flow we can live debt free. When we are tight on cash flow, some sort of surprise expen... Continue reading ...
