Monday, March 16, 2009

Calculate Your Financial Comeback

If you are still contributing to your RRSP, back in January the New York Times posted their Comeback Calculator, estimating when your plan will climb back to its peak.

http://www.nytimes.com/interactive/2009/01/06/business/20090106-comeback-graphic.html?ref=your-money

To get a quick look at the Asian markets and later to view the markets in Europe - both views are available before the markets open here in Canada and the U.S. - I have bookmarked this New York Time's link.

http://markets.on.nytimes.com/research/markets/worldmarkets/worldmarkets.asp?excamp=GGBUglobalstockmarkets&WT.srch=1&WT.mc_ev=click&WT.mc_id=BI-S-E-GG-NA-S-global_stock_markets

For a good quick read of mainly U.S news I have found the New York Times and the Huffington Post sites quite good.
New York Times - http://www.nytimes.com
Huffington Post - http://www.huffingtonpost.com

Cheers,
Ken

1 comment:

  1. That's an interesting article you wrote.

    The Commodity Futures Modernization Act of 2000 act specifically excluded Wall St. from State gambling laws? Is that the once famous Y2K
    bug? ;-)

    Up until a couple years ago, credit swaps fueled the economy by freeing up huge amounts of capital -- and that is exactly what our central bankers are trying to do right now. We vilify the swaps because it was supposed to be the speculators who were taking the risks, and we all know now that, after the bubble popped, tax payers are left holding the bag.

    The problem isn't with the swaps themselves. They are still a mechanism for freeing up capital, however, they must be regulated like other insurance industries. That is, world governments should agree on actuarial standards, minimum reserves, and what ever else is needed to make it into a sustainable industry. Then they can become part of of the solution for how to get markets working again, instead of the problem.

    -Dan

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