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Five Dollars

Year of the Fire Rooster, Financial Groundhog Day and #MoneyTalk

Yesterday, a rodent may or may not have seen his or her shadow and winter may or may not be ending sooner or later. What would financial ground-hog day be like ? This happens pretty much every month, when the Bank of Canada sets key interest rates, maybe they decide on the basis of the Governor seeing his own shadow? No, but that is a worthwhile indicator I suppose.

Financial groundhog day
Year of the Fire Rooster a 13 month long year.

It is the year of the Fire Rooster, to our friends who observe the Chinese Lunar Calendar. If you are a Rooster, this may not be a good year for you, but I still enjoy the Festive Celebrations for this new year. We shall see how fortunate a year it ends up being, but it will be a long year, with 13 months .

In Ottawa we begin Winterlude , the festival celebrating the winter here. The weather rarely co-operates, it is either too warm and the canal melts or so cold no one wishes to be outside. The forecasts suggest  this might be a good year to enjoy the festival.

My Writings for Week Ending February 3rd

I have been meaning to publish this week’s article for a while, but wasn’t sure whether I got it right. I have been approached by a few “Promoters” of companies that charge a fee (or percentage) to help folks get their Disability Tax Credit, and I have ignored their offers, as I feel they are taking advantage with their fees. When I came upon Bill C-462 I thought that finally the government was agreeing with my opinion, however, as I wrote in Bill C-462 : Protecting Disabled Canadians or a Paper Tiger ? it seems this act is dead on arrival.

If anyone has any more insight on this, please contact me as I am very interested to find out whether this Act will ever be put into practice.

Editor’s Note: I have now included the last update date on all my articles, so you can see that those that I may “reprint” in social media, has usually been updated (or edit’ed to make it more readable).

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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.

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