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Ruben wrote: I find it interesting that you are a governor of an organization which has embraced the same format. Do you feel them using the format is some kind of negative indicator?
I was opposed to the creation of a separate public CFC site.
Are you the new host here Gary? You seem to have to comment on every post I make in this thread.
Welcome to the death watch of Chesstalk. The site seems to be experiencing a recession, Kerry. I wish it wasn't. As I told Bob Armstrong when he advocated it, there isn't enough debate for two sites.
Are you the new host here Gary? You seem to have to comment on every post I make in this thread.
That's not exactly accurate. I looked back on the thread and didn't reply to a comment you made to Ben. I commented to you on only 1 post in this thread which was not a direct reply to me. I think it was cribbing about the content of the thread. Not to reply to your direct responses could be seen as being insulting. :)
I'm sorry you aren't enjoying the thread and sincerely hope others do enjoy reading this. Certainly, I'm not enjoying the turmoil we are seeing around the world. Still, I don't think I should ignore it. This effects chess players and the chess scene as well.
I find it interesting that you are a governor of an organization which has embraced the same format. Do you feel them using the format is some kind of negative indicator?
This site isn't moribund, as you call it. The main topic of the old board was the CFC where you often held court with daily countdowns.
What seems to have happened is CFC topics don't seem to hold much interest nor many views of the topics. On the other hand, this thread has more than 4,000 views.
I at least try to entertain people. Possibly that's the reason the CCCA membership rose so much in the years I was the membership secretary.
If you want to know what I placed in my Depression Portfolio you need only ask. :)
You don't actually know what a depression is, do you, labourer?
everytime it hurts, it hurts just like the first (and then you cry till there's no more tears)
It's interesting the 25 Billion Dollar bank bailout by our government couldn't wait the few days until after the election. It seems like such a short time ago our leaders were telling us there was nothing to worry about. Kind of makes me wonder what more we will find out AFTER the election.
To put this in perspective, adjusting for population, that is about the same as the U.S. putting up about 250 Billion dollars. We weren't even supposed to have a problem, they told us.
At least some of the Canada Pension money gets invested in the stock market from what I understand. I imagine they won't be telling us the status of that pension plan before the election.
I hope the voters kick this government out and give us some other government. ABC. Anyone but Conservative.
And you think the Canadian dollar is doing badly. Look at the Australian dollar. In mid July it was just about equal to the Canadian dollar - 96 cents to the US dollar. While the Canadian dollar is now around 85 cents US, the Austrlian dollar is now 66 cents US. The yen is the only major currency gaining vs the US $ in the last few months.
Zimbabwe update: the "official" exchange rate on Aug. 1 (after they removed 10 zeros from their currency) was 7.5 Z$ to the US$; it is now roughly 200 (the "unofficial" rate now being as high as 20,000 to the US$). On the other hand, the Zimbabwe stock exchange industrial index which was roughly 10,000 on Aug. 1 is now exactly 1,184,916,050 . :-) . Inflation is running at 11 million percent annually - but the ZSE index has increased 204 billion percent since Jan. 1.
(note that the index has tripled since this following report was written on Oct. 6 - sorry I can't find the most recent report):
And you think the Canadian dollar is doing badly. Look at the Australian dollar. In mid July it was just about equal to the Canadian dollar - 96 cents to the US dollar. While the Canadian dollar is now around 85 cents US, the Austrlian dollar is now 66 cents US. The yen is the only major currency gaining vs the US $ in the last few months.
Zimbabwe update: the "official" exchange rate on Aug. 1 (after they removed 10 zeros from their currency) was 7.5 Z$ to the US$; it is now roughly 200 (the "unofficial" rate now being as high as 20,000 to the US$). On the other hand, the Zimbabwe stock exchange industrial index which was roughly 10,000 on Aug. 1 is now exactly 1,184,916,050 . :-) . Inflation is running at 11 million percent annually - but the ZSE index has increased 204 billion percent since Jan. 1.
(note that the index has tripled since this following report was written on Oct. 6 - sorry I can't find the most recent report):
Hi Hugh,
I was simply adjusting for population when I mentioned how much the bank bailout would cost us in U.S. dollars and not adjusting for the currency.
I read what happens is the government issues treasury bills and bonds to individuals to cover the 25 billion. The 25 Billion is simply added to the national debt. It never shows as a defict. So the national debt they tell us they are paying down has just increased by 25 Billion taxpayer dollars.
Australia is one of those countries which went along with the U.S. Did you see the funny TV clip with our Prime Minister giving the same speech Howard (?) gave two days after Howard gave it? It was a hoot! I guess they spent a lot of money on the war and their banks must have loaded up with toxic American paper. I don't know anything at all about the Zimbabwe situation and won't try to wing it.:) Did they have some kind of political problems there which help account for the money problem? Thanks for the paper clippings.
I think part of what drove our dollar up over the past few years was the natural resources. Specifically oil and natural gas. Now we can't get as much for that so the dollar is dropping for that reason as well. On the bright side, it helps our businesses which do have operations in the U.S. and report in Canadian dollars and our exporters.
On the bright side the companies I hold in my Depression Portfolio employ around 17,000 people. Good Canadian companies. I think it's important in these times to hold these companies for the long run to help stabilize them and keep them in business.
Well, folks, the election is finished. The stock market co-operated and had a nice one day gain. Today it has resumed its downward trend. I'm starting to read the term "depression" more and more these days. Most haven't gone as far as me but they allow there might be one. Maybe I'll ring the bell and tell them when the depression ends, in my opinion.
I haven't added anything to my depression portfolio. Everyone was cheering and voting yesterday as things rose. I like to buy when people are puking on their shoes. When grown men are crying like babies. Maybe later this week.
Yesterdays election was interesting even though it's still a minority government. I feel certain there are some talks going on today or will be soon between the opposition leaders. An agreement between the Liberals, NDP and Bloc makes perfect sense to me.
Look at the benefits. Dion would be able to keep his job if he were the Prime Minister. It's almost certain he'll be replaced if he's leader of the opposition. The Bloc and the NDP could both tell their supporters voting for them has given them a voice in government and the running of the nation. Quebec could have a say in the decisions which go into their cultural concerns and the NDP would have a say in Kitchen Table concerns. Certainly it would give them a voice in jobs and the industrial and manufacturing sector in Eastern Canada.
Bob Rae made a 2 year (I think it was) agreement with David Peterson in Ontario which made Peterson the premier even though the Conservatives had won more seats. This isn't unique. I expect there will be some discussion between the leaders on something like this.
DISCLAIMER: None of what I write should be used for investment decisions. I write this stuff for entertainment. Consult a financial adviser.
I heard an economist the other day say it will be worse than a recession, but not a depression. He said we need a new word for it. I submit :
" REDESSION "
Bob
That doesn't even make the slighest bit of sense. A depression is a sustained recession; if it's worse than a recession, it's a depression. There's nothing in between.
everytime it hurts, it hurts just like the first (and then you cry till there's no more tears)
That doesn't even make the slighest bit of sense. A depression is a sustained recession; if it's worse than a recession, it's a depression. There's nothing in between.
What if it's worse than a depression?
I submit: "CESSATION" (not to be confused with "Sensation")
Only the rushing is heard...
Onward flies the bird.
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