Historic Downgrade of US Debt
I gotta hand it to the S&P ratings agency – I didn’t think they had it in them. After the other two ratings agencies reaffirmed AAA rating a few days ago, I thought S&P would simply cave to political pressure and keep the rating in tact as well. In fact, I read a few news articles that basically seem to allude that the government was frantically trying to get S&P to keep the rating in » read more »
US Debt Crisis Just Beginning
The senate passed the deal to raise the debt ceiling today, which means the United States can pay their bills and not default. But truthfully, that’s probably the worse thing that could have happened, since the US has delayed dealing with some very hard problems. First, let me comment on the ratings agencies. Right after a deal was announced, two of the three major rating agencies reaffirmed the United State’s AAA credit rating. These are » read more »
US Could Default On Debt Payments
I’m scheduling this post for when I’m out tomorrow for a while, so it’s possible the US may find some common ground on the current US debt negotiations. I don’t it though. Right now things aren’t looking very good for the United States, and the time is almost out where a solution can be reached and implemented before the debt ceiling expires. Negotiations continue to stall, and both sides seem unwilling to deal with some » read more »
Financial Armageddon
We live in interesting times. The United States is only a few weeks away from what potentially could be one of the largest defaults in world history. Given how the Republicans do not want to increase taxes and that the Democrats do not want to decrease spending, the only machinery that can prevent this default is currently seized up. Obama was so upset the other day during negotiations that he just up and left. Moodys » read more »
More On The HST Debacle
One thing I’m getting consistently more and more frustrated with is how supporters of the HST keep telling me, via blog posts and interviews, that the HST results in me paying less money as a consumer. The problem is it hasn’t so far, nor do I think that it will for me personally. Other than rebates for low-income families, the HST results in a tax increase on about 20% of purchases, most notably for me » read more »
When You’ve Got The Gas Pump Blues
I remember taking a summer off from UBC one year and heading back to Chilliwack. At the time gas was sitting at around 39 cents per litre. It’s hard to imagine that it’s only been around ten years since then and gas is now hovering at around 140 cents a litre in the Vancouver area. To put that into context, the $60 I spend filling up my car would have cost around $16 back then. » read more »
The Wheels On The Bus Go Round
I’m currently sitting in the Edinburgh airport in Scotland sipping on a rather expensive $6 diet coke while waiting for my flight to Dublin. I haven’t done a post on the economy in a while, so I figured it was about time. Lots is going on down south, none of it is good. Last weekend the US government came close to a shutdown due to the fact that they hit their congressionally approved debt ceiling. » read more »
It’s Different Here
I met a guy from Ireland at a pub about four weeks ago here in Buenos Aires. Once we got a few beers into our system, I thought I would pick his brain about what happened is his country. In North America we all know that they got themselves into a bit of a debt crisis, but the how and the way are mostly lacking from media over here. In short, it was their own » read more »
Inflating Our Way To Civil Unrest
When the protests started in Egypt, they were over something relatively benign: the increased costs of basic food items. That led to full on revolts, and the eventual toppling of the government in Egypt. We now see what’s happening in Libya, and it’s possible that these are just the first few pebbles in what will undoubtedly be a much larger avalanche. People who are hungry are motivated for change. Make no mistake, the increased costs » read more »
Canadian Mint Offers 99.99% Silver Grizzly
Sexy, that’s what I’ll say. When I first looked into purchasing a few silver coins, I did it under the assumption that the coins would mostly be worth value due to their intrinsic silver content (called the ‘melt value’). While some collectors coins fetch a hefty premium on top of their melt value, most bullion and high purity coins are mainly traded for their metal content. That said, I read a post recommending the purchase » read more »
Duane Storey is a Vancouver-based photographer, writer, traveler, and entrepreneur. He is a co-founder of BraveNewCode, a web design & development studio that focuses on professional WordPress plugins. 
