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Hatchimal

Alternate Financial Facts, 1984 and #Moneytalk

This week we were introduced to a new term that I am pretty sure is going to stick around for a while. Arguing a point a Trump advisor used the expression that they had Alternate Facts and from that statement it all exploded. Alternate Facts now seems to imply falsehoods, so let us bring up some Alternate Financial Facts into the argument:

  1. Would alternate savings really just be debt ?
  2. Alternate credit rehabilitation simply be bankruptcy or getting farther into debt?
  3. With alternate financial facts negative equity would be a very good thing

What would the Ministry of Truth think of that? Speaking of 1984 by George Orwell, surprisingly it is now a best seller. The book is a must read, as is Animal Farm , just to understand how totalitarian worlds evolve from democracy (or how a good idea can be perverted easily). I prefer Animal Farm to 1984, but both are books you must read.

My Writings for Week Ending January 27th

I guess my alternate fact analytics are showing that millions of readers came over to check out my only writing of the week, Energy Up 4.0 % for 2016 , where we learned that in Ontario electricity costs were up over 11% (year over year), and we all keep asking why?. The Ministry of Truth does need to look into that one.

A Money Thought

What does the Dow at 20,000 mean? I have no bloody idea, and luckily neither do other folks.

Read More »Alternate Financial Facts, 1984 and #Moneytalk
Inflation in Canada by Category

Energy Up 4.0 % for 2016

Inflation in Canada for the year 2016. Energy and Gasoline are the big price increases for that year.

Fintech

Fintech is it the Answer ?

What does fintech really mean, and am I as “joe investor” going to be able to take advantage of technology breakthroughs ? Remember when you were young?

Mortgage Schedule

Bungled Mortgages, Friday the 13th and #Moneytalk

It seems some money lenders are not happy with the new Mortgage rules, so they are attempting to bamboozle the system by marketing something called a Bundled Loan (or as I call it bungled mortgages ). The CBC’s explanation of this new poly-morphed debt vehicle is:

bungled mortgages
Mortgage Definition
Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Canada’s subprime mortgage providers are increasingly teaming up with unregulated rivals to sidestep rules designed to clamp down on risky lending. … The result of these partnerships are so-called bundled loans, which pair a primary mortgage with a second loan from unregulated groups called Mortgage Investment Corporations (MICs).

This loan offer appears to be nothing more than the old trickery of offering 1st, 2nd, and perhaps even 3rd mortgages, except that the 2nd and 3rd mortgages are being provided by different lenders. Despite the fact that this practice is not illegal, the primary lender is obligated to consider all of the borrower’s outstanding debts when offering the main mortgage. It is unclear whether they are taking into account the other parts of the loan bundle. Nevertheless, this situation is a clear example of mishandling mortgages and should be addressed as such.

It is Friday the 13th today. Is it a bad day to invest? I don’t know call me in a year and I will tell you. Should you sell on Friday the 13th? Depends on what you are selling, and whether what you sell goes up in value after you sell it. I never get tired of giving these kind of testicle busting comments. Did you realize that Friday the 13th, always occurs after a Thursday the 12th ?

My Writings for Week Ending January 13th

Last week the year end employment numbers were published by our friends at Stats Canada, and it showed that 2016 Was the Year of the Part-time job, since that is where most of the job growth in Canada took place. It is good there are more jobs, but it is disturbing to see that many folks careers now consist of a few part-time jobs, quilted together to create enough income to live on. Let us hope they are not also looking for bungled mortgages.

A Money Thought

Well, it costs you money, because in Ottawa it is Pothole season!

Read More »Bungled Mortgages, Friday the 13th and #Moneytalk
Stats Canada

2016 The Year of Part-time Jobs

Friday, the 2016 year ending Labour Force Survey was published by Stats Canada and it confirmed that 2016 was the year of the part-time jobs. To quote the survey overview: In the 12 months to December, employment… Read More »2016 The Year of Part-time Jobs

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