Random Thoughts Zero Inflation Week
Given the incredibly low CPI this week it made me wonder if this will all last and in reflection on yesterday’s numbers, the answer is an emphatic NO! Gasoline prices in Ottawa are now steadily heading back to at least $1 per liter which means the drops we have seen in the past few months are gone for now and we will be living through another summer of price gouging. With food prices sky rocketing, I suspect we may have a huge CPI jump by June, which will then cause an interest rate spike to slow it down, just my opinion, but might be a good time to lock into your mortgage rate.
Financial Folk Speak
The bloggers this week had a varied topical view on things and here are some of the best of the week.
- Canadian Financial DIY points out that Inflation is Higher For Retirees, and given it looks like Inflation might be coming back real soon now, those about to retire should read this closely.
- Michael James comments on Conrad Black’s Free Roll at the Supreme Court, good luck Mr. C.
- Preet at Where Does All My Money Go writes about Real and Fake Billionaires, my favorite on the list is the last entry, Excellent…
- No Debt Plan outlines the new Canadian Credit Card Act and I will be writing more about this act next week.
- One Caveman is writing about an excellent topic Cycling to Work (how to) I always dream of doing this and when I get my job I will look into this seriously (makes you frugal and fit).
- Canadian Capitalist does a review of Steadyhand Mutual Funds, sounds ok if that is how you want to invest.
- Larry MacDonald asks What About The Little Banks are they going to be allowed to fail?
- Nancy Zimmerman is Looking Forward to Turning 50 , me I just hope to have a job by then.
Looks like the summer may actually be here so enjoy the warm temperatures and go outside!
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May 22nd, 2009 at 8:45 AM
Thanks for the mention! Hopefully low inflation continues for a few years at least.
May 22nd, 2009 at 11:38 AM
Thanks for the weekend – is it still snowing in Ottawa?
May 22nd, 2009 at 12:21 PM
What’s up with a new Bon Homme Cajun handle? I’ll grant that its funny.
Thanks for the link!
May 22nd, 2009 at 1:13 PM
Hey now I am attempting to become the Bilingual Big Cajun Man, I need a French “handle” as well.