Is it Safe?
Is it Safe?
One of the most terrifying movies I have ever sat through is the Marathon Man which stars Sir Lawrence Oliver as a crazed Nazi dentist hiding jewels and Dustin Hoffman as a pawn in the entire scheme, and in this movie there is a set of scenes where the crazed Nazi dentist torments the Dustin Hoffman character with a hobby drill, drilling his teeth and the only question he keeps asking is “Is it safe?”. Just recollecting this scene puts chills up my spine, but it is actually a good metaphor for the current financial crisis.
Is it Safe?
At the macro level governments have no idea whether “It is safe” and they really don’t know what the answer to the question is, but in fact this movie is an even stronger metaphor at the Personal Finance level.
Is it safe? What does that mean? Is our money safe? Is our job safe? Is our lifestyle safe? Is what safe? Is our economy safe? Is my credit safe? Is my RRSP safe? Is it safe to retire? Is my house safe? (to paraphrase a frantic Dustin Hoffman), the question without context is very hard to answer, and there is the harder part, what is the answer? Is it safe? I have no idea, but I think we are all fighting to find out “Is it safe?”. I hope we are safe, but I guess we really won’t know what the question means and what the answer is, for a while.
Are you safe?
Pension Info Arrives
My final pension settlement has arrived from my former employer, which makes me feel a little more safe. I must now answer the question, “Is it safe(r) to stay in the pension or go to the LIRA?”, I think I know the answer but I will keep my readers posted.
Montreal Grand Prix Dead
One of the major economic events in Montreal every your for a while has been the Grand Prix of Canada held in Montreal, however, this year the F-1 board decided to not return to Montreal for 2009. The Quebec Government has been attempting to change Max Mosely (no comments about Nazis and prostitutes) and crew’s mind, but Jean Charest has said he has no more economic cards to play. I enjoyed the Grand Prix and am an F-1 fan and am saddened to hear of this turn of events. This will have a serious impact on the bars in downtown Montreal that relied on the Grand Prix to draw customers.
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November 17th, 2008 at 11:34 AM
If you leave your retirement funds in Nortel’s pension plan instead of moving it to a LIRA, I’m not going to read your blog anymore.
Just kidding.
November 17th, 2008 at 11:48 AM
So it is not safe?
September 30th, 2009 at 7:05 AM
[...] get an idea together so here is one of my more favorite “off the wall” posts about Is It Safe in the financial [...]