Germany Bails Their Banks Out
Greece, Ireland and now Germany have now guaranteed all privately held bank accounts in their country. This means those accounts are safe, but also that these governments were worried that the banks that held these accounts might actually fail, and they are concerned enough that they feel they must assure their population that their funds are safe.
What does this mean? As usual, I have no idea at all, but it does add more spice to the bubbling cauldron that is the world’s financial markets. Does this mean Canada is heading in this direction? I don’t think so, or maybe I simply, hope not.
Is Jobs Apple?
So a rumor on a CNN web site claiming that Steve Jobs had a heart attack caused Apple shares to plummet, which seems to imply that people view Apple and Steve Jobs as being 1 thing (i.e. Jobs goes, and Apple goes). I think that is an interesting theory, but I don’t buy it, Steve Jobs is smart, but he has smart people working for him too.
More Jobs in Canada
No not another Steve Jobs story, evidently 12,500 more jobs in Canada for September. This now worries me more, given I don’t have one, but it is encouraging to hear there are still jobs in Canada. All I need now is to get one of those jobs, and hope that the credit tightening does not stop a lot of growth that might cause more jobs to be created.
Election: 1.5 Weeks to go
Should be an interesting home stretch in the Canadian Elections, given the Tories seem to be taking a page out of the Liberal tactics book and are looking for ways to snatch defeat from the jaws of Victory as well. Tory support is slipping, but where are these folks going? I see an NDP/Liberal split of the left but who knows, what may happen, should be fun to watch, maybe Mr. Harper will pull a rabbit out of his sweater vest?
