Canadian Personal Finance Blog

Stats Canada reports that inflation is starting to rev up, thanks in part, to higher Gas prices. I think I keep repeating myself here, but don’t we all remember the 70’s well enough? Anybody who thinks that if Gas prices stay this high, there won’t be inflation, please stand up, and mail me $10, I promise to send it back if it doesn’t happen (some time, in the next 5 years). This now marks an “upward trend” in Inflation month over month (February Inflation was around 2%, now we are even higher), two months makes a very short “trend”, but a trend none the less.Here is the scarey part of the article:

Canadian consumers paid 10.0% more for gasoline in March than in March 2006, the strongest 12-month increase since the 16.1% increase in July 2006. Strong demand for gasoline in the United States translated into a continual decrease in American gasoline reserves over the last seven weeks. This was an important factor behind the rise in gasoline prices.

If our American friends do not start curtailing their animal lust for Oil, I think we are all in for a tough time ahead with prices continuing to sore!An interesting High Tech aside was the Blackberry network crash yesterday. I have many friends who are Crackberry Addicts and cannot go 5 minutes without checking for their latest e-mail (yes I would be the same way, if I could afford one), I just wonder whether there was a cataclysmic drop in business during this time, or maybe, people got a lot more done, without constantly interrupting themselves to check the Blackberry? Just wondering.

As I suspected, investors and the analysts, sometimes create their own versions of information about stock, witness Yahoo and it’s sharp drop on delivering the exact numbers that they said they would deliver. No one believed that their numbers were going to be as they said they would be last quarter, they figured they were “low balling” it and so went on a buying frenzy based on unsubstantiated rumor (hey it’s like it’s 1997 again), and now they are upset that Yahoo delivered what they said they would? Let’s get a grip people, and stop trying to find the “next big thing” and get back to investing basics (like reading results and working on the basis of that, and not the latest “hot tip”).