Archive for September 29th, 2008
Was Intrade telling us this all weekend?
29 September 2008For those not familiar, Intrade is a prediction market based in Ireland that allows you to bet on any number of events with binary outcomes. For example, “will Obama win the US election?” (currently at 61.1%, up 4.1% today) or “will Sarah Palin be withdrawn as McCain’s running mate?” (currently at 9.5%, up 1.3% [...]
Ignore the US$700B TARP rejection
29 September 2008Ignore the vote that just took place in Washington on the proposed US$700 billion TARP program. It is a political tactic, and nothing else.
Events of the past seven days are all starting to make sense now. Senator McCain puts his Presidential campaign on hold one day last week, and rushed to Washington to [...]
Ontario Brewers get band-aid, but cure nowhere in sight
29 September 2008I see that the Government of Ontario is putting aside $8 million over the next four years to help Ontario-based craft brewers market their brands. These funds followed a $5 million commitment announced in 2006.
As the consumer of an independent brand, you can’t help but sympathize with the plight that the small lot brewers [...]
Decade of Daddy Mirror Fund
29 September 2008Time to exit the 35,000 CIBC at $61.50 on our Decade of Daddy Mirror Fund™. Now that the problems in the U.S. have started to leak into Europe and Iceland, we don’t want to be holding four different banks (we are retaining BNS, JPM and MER) at this point. Cash is up to [...]