Canadian Personal Finance Blog

Archive for September 26th, 2008

If you are to believe the pundits and financial commentators the end of the western economic model may be at hand, OK not all of them, but the DOOM and GLOOM and naysayers are out there. Is now the time to panic? No, it is not.

From the Blogosphere:

• Preet over at Where Does All My Money Go writes today about the single largest bank failure in the U.S. so far and how in Canada we have only had 2 small banks fail since the early 1900s.
• Michael James on Money wrote about Understanding the Current Financial Mess, at first I thought he was writing about my finances, but found out it was a Big Picture story .
• The Canadian Capitalist writes about Investor Reaction to Market Volatility , so far I haven’t heard of anyone jumping out their windows, so it seems to be better than in 1929.
• All About Nortel talks about how Moody’s has downgraded Nortel’s debt to “negative” from “stable”. Wonder what rating is lower than that for debt? Charmin?
• Ellen Roseman write about How to Invest in a Bear Market (two), pick your “bargains” wisely.
• Larry MacDonald asks the same question, Are Stocks a Bargain Now? , my answer is, I’ll tell you in six months.
• Paul Kedrosky takes a much more philosophical view with Voltaire, Batman and the Precipice , an interesting spin on the week’s events.
• An interesting side note from the National Family Childcare Association, accusing the NDP of not caring about Mom’s who stay at home, with the essay, NDP Thinks Moms Who Work at Home is Poppycock . An interesting thing to say during an election campaign.

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