Indications are Good and some Random Thoughts

by bigcajunman last updated on April 10, 2020

in Financial Apocalypse, Leading Indicators, Random Thoughts, Stats Canada

“Indications are Good“, isn’t that what the Magic 8 Ball used to answer?

It seems Stats Canada also thinks that is the case with their Leading Indicators index showing positive for the first time in a year. The Leading Indicators index is made up of many portions of the economy, including manufacturing, housing starts and the stock market.

The Stock Market (up 5.7%) and Housing Market (up 4.5%) seem to be the major driving forces that caused this positive jump, so does this mean the Financial Apocalypse is over? Seems to be what every “expert” is saying, but I remain skeptical for now. To quote the Magic 8 Ball, “Concentrate and ask again“.

Random Thoughts

The Financial Bloggers had their say this week as well about the current world of finances:

Michael James pulls out his magic 8-ball and comes up with a New Retirement Plan which consists of him blowing all his cash reserves, interesting idea, hope he buys lots of beer too.
Larry MacDonald wrote about a point I have already mentioned as well, The Health Risks of Reusable Grocery Bags, better be washing those folks, or you might be doing yourself harm.
Preet at WhereDoesAllMyMoneyGo has a Reader who was taken for over $200,000 (yikes!).
Canadian Tax Resource outlines Planning Your Home Renovation, unfortunately his was due to a leaky basement.

Have a great weekend all!

originally published on August 21, 2009 { 5 comments }

larry macdonald August 21, 2009, 9:34 PM

Allan
Sorry I missed your post on reusable bags. Glad to see someone else is concerned about minimizing the health risk. Got the link? I’d like to read it.

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Stuart August 21, 2009, 5:36 PM

I really like the layout of your blog here. I am currently using blogger and feel a little limited in what I can do. How has your trasition gone? Did it take long to get your PR back. Could you offer any words of wisdom for a fellow financial blogger learning the ropes? http://www.investcanada.blogspot.com

Thanks,

Stuart

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WhereDoesAllMyMoneyGo.com August 21, 2009, 6:17 PM

Enjoy the weekend Grand Homme Cajun!

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Canadian Capitalist August 21, 2009, 7:08 AM

Thanks for the mention! Have a great weekend!!

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Michael James August 21, 2009, 6:59 AM

It wasn’t a magic 8-ball that told me about that retirement plan. And it wasn’t the squirrel on my left shoulder that talks to me sometimes — it was the CARP that talks to me sometimes.

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