“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“.
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!