Jock McBile shares his thoughts on the stock market, Canadian dollar, teenagers arrested for counterfeiting, and Heather Reisman.
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362 pages talking about Money
2006
Sunday Feb 5, 2006 nyt Will Your Money Last?
More needs to be done to help those who are trying to save for retirement.
2003
Monday Nov 24, 2003 ts
BRONFMAN GROUP BUYING WARNER MUSIC
Edgar Bronfman Jr. and his backers have succeeded in their quest to
acquire Warner Music Group, buying the company for $2.6 billion in cash
from Time Warner.
Monday Nov 24, 2003 ts
Virtual prosperity
In just 6 years, ING Direct has put $683 million in the pockets of its customers Now the virtual bank has its sights on the mort
Six
years after making its bright orange splash on the Canadian banking
scene with higher-interest savings accounts — and paying out $683
million in interest — ING Direct is looking to shake things up again.
This time, the branchless bank's new chief executive has set her sights
on poaching mortgage customers from the big banks that dominate the
lucrative and low-risk market
Friday Sep 5, 2003 cbc
MAD COW, BLACKOUT, FOREST FIRES TAKE TOLL ON ECONOMY: TD BANK
The impact of mad cow disease, the Ontario power blackout and the BC
forest fires will shave more than 1.5 percentage points off the annual
pace of economic growth in the third quarter, a TD Bank economist said
Thursday.
Friday, Aug. 29, 2003 globe
Dodge needs a slower trigger finger
Monday Jul 7, 2003 Will China devalue the Renminbi?
Sunday Jul 6, 2003 Dollar Pause In A Secular Bear
Oversold technical conditions and an improving investment backdrop point to a period of U.S. dollar stability.
The
global economy’s reliance on the U.S. for demand growth means the U.S.
current account deficit will continue to balloon, arguing for a secular
bear market in the currency. However, the dollar is due for a
consolidation and has shown signs of firming in the past week. On a
technical basis, it is deeply oversold versus the euro and the
commodity currencies. The U.S. dollar has tended to be correlated with
swings in U.S. equity prices, as both react to changes in business
sentiment. The S&P 500 index has been in an uptrend since the
spring and its divergence from the dollar suggests a pause in the
dollar’s slide should occur over the summer, especially once investors
believe the Fed’s monetary medicine is working.
Thu 7/3/03 OTTAWA: ECONOMIC RESEARCHERS PREDICT DIFFICULT SUMMER
A group of independent economic researchers predicts that the
Canadian economy will go into a slump this summer. The Conference
Board of Canada says the rising value of the Canadian dollar in
trading against its U.S. counterpart will hurt exports to the U.S.,
Canada's biggest trading partner. The Board says growth will amount
to only 1.9 this year. That compares with its prediction last spring
of 2.7 per cent economic growth. However, the researchers also
predict that the Bank of Canada will respond to the slowdown by
lowering its trend-setting interest rate. They say this will reduce
the upward movement on the Canadian dollar by narrowing the gap
between the Bank's rate and the top U.S. interest rate. This, in
turn, will make the Canadian dollar less attractive to investors and
give a boost to exports. The Board warns that the biggest long-term
threat to the Canadian economy is the continuing economic stagnation
in the U.S.
Thursday Jun 19, 2003 globe
Death and taxes by Mathew Ingram
5 bbc
IMF forecasts 'inaccurate'
The International Monetary Fund has a poor track record of successfully predicting financial crises, auditors have warned.
Saturday Jun 14, 2003 cbc
FED SEES SIGNS OF SOME ECONOMIC RECOVERY
The U.S. Federal Reserve said Wednesday that the American economy may be
headed for a rebound, but the central bank cautioned that conditions are
still sluggish in most parts of the country.
Saturday Jun 14, 2003 cbc
OTTAWA TOUGHENS LAWS ON INSIDER TRADING, STOCK FRAUD
The federal government moved Thursday to make insider trading a criminal
offence and toughen the penalties for securities fraud.
Saturday Jun 14, 2003 cbc
RAPID RISE OF LOONIE WILL HURT ECONOMY: DODGE
Bank of Canada governor David Dodge said the rapid rise in the Canadian
dollar will slow down economic performance through 2004.
Mon Jun 09 2003 bca Still No Debt Stress In The U.S.
Bank loan delinquency rates edged lower in the U.S. in the first quarter, confirming that debt burdens remain manageable.
There have been persistent concerns in recent years about excessive
consumer and business debt. We have argued that worries about consumer
debt were overstated, and the trend in loan delinquency rates supports
our view. Delinquency rates are low and falling for mortgages, and
cresting for other consumer loans, a remarkable performance given the
weakness in the labor market. Even business loan delinquency rates are
rolling over and are lower than the levels of the early 1990s’
recession. Rising interest rates could cause problems for those with
large debt burdens, but that will not occur until after the economy is
on a sound footing. Debt will not sink the U.S. economy.
![[Martin Barnes]](http://219.106.225.76/Photo06/125307/50/1153015.jpg)
Martin Barnes"The capacity-utilization rate is low, but that is just a measure of
manufacturing. It is a short-term problem, and there is no evidence it is a
structural problem."
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June 2, 2003 An Interview With Martin Barnes
-- With so many crosscurrents sending conflicting signals, we turned to
a longtime FOB -- friend of Barron's, that is -- for a better read on
the course of the economy. As managing editor of the Montreal-based
Bank Credit Analyst, a newsletter forecasting investment and business
trends published by BCA Research, Barnes has distinguished himself for
his probing and bold analysis and clear, yet contrary, thinking. He
also has a nice way with words. While not exactly dour, the Scotsman is
concerned about the dollar, less so about deflation.
Monday, June 2, 2003 nyt WHAT TO WATCH
The Economy: Encouraging Signs
Encouraging
economic reports helped the stock market climb last week. The Dow Jones
industrial average gained 2.9 percent. The Nasdaq composite index
jumped 5.7 percent. And the Standard & Poor's 500-stock index
advanced 3.3 percent.
The Commerce Department reported on Thursday that the economy grew
faster in the first three months of this year than initially estimated.
The gross domestic product, the nation's output of goods and services,
increased at an annual rate of 1.9 percent in the first quarter,
revised up from the 1.6 percent growth that was reported in April.
Considering that the economy grew 1.4 percent in the previous quarter,
the 1.9 percent figure may look somewhat encouraging. But most
economists put the benchmark for economic growth at an annual rate of 3
percent. Forecasts for this quarter range from 1 percent to more than 2
percent, but not 3 percent. Even Alan Greenspan, the Federal Reserve
chairman who is regarded as an optimist, recently testified that
second-quarter growth "is going to be quite soft."
So why the big gains in the stock market? For one, there was a string
of upbeat earnings reports last week. And on the economic front, sales
of homes continued to grow, an important gauge of consumer confidence
hit a six-month high, and businesses expanded in Midwestern states in
May for the first time since February. That last report also showed
strong growth in Midwest manufacturing, a sector that has worried
analysts.
There were still signs, however, that business investment remained
weak. Orders for durable goods fell 2.4 percent in April, meaning that
businesses have resisted spending on large items like machinery and
vehicles. Consumer spending also fell by 0.1 percent in May, as
shoppers worried about their jobs. But the bright spot was that
personal-spending growth in March was revised to show a 0.8 percent
increase, well above the initial 0.4 percent growth. That not only put
April's slide in perspective, but also had analysts revising their
economic growth forecasts upward for the second quarter.
Monday Jun 2, 2003 nyt Stock Yields Are Higher Than Interest Rates. So What?
Strategies: The dividend yield is higher than the yield on one-year
Treasury notes for the first time in decades, but that doesn't mean
that the stock market is undervalued.
... The current yield of the S.& P. 500, at 1.8 percent,
is still well below levels that indicated a market top before the
1990's. But the yield is now higher than short-term interest rates for
the first time in more than 40 years.
Wednesday May 28, 2003 cbc U.S. CONSUMER CONFIDENCE UP IN MAY
U.S. consumer confidence rose moderately in May as job concerns replaced
the ebullient attitude that came with end of major fighting in Iraq in
April, the Conference Board said Tuesday.
"If investments are keeping you awake at night, sell down to the sleeping point." --Anonymous Wall Street saying
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| 5/May/2003 20:38 |
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Warren Buffet's profits soar
The investment wizard confirms his legendary ability to back the right businesses by doubling his company's profits. |
Monday Mar 31, 2003 ec
World economy
In
its latest projections, the International Monetary Fund has again
revised downwards its earlier forecasts. And most of the risks remain
on the downside economist chart
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