Showing posts with label toronto stock exchange. Show all posts
Showing posts with label toronto stock exchange. Show all posts

Friday, October 03, 2008

The Good, the Bad and the Ugly


Just a skim of some Canadian headlines today amidst the turmoil south of the border.

I am reminded of Leonard Cohen's wondrous ballad 'there is a crack in everything, it's how the light gets in'.

Well, we can't continue living the way we are, right? The party's over. Rampant consumerism, sub-primes, endless oil, outsourcing, financial engineering et al, et al.

We finally cracked. Let there be light.

I think China's bloodless coup d'etat has not been heralded yet. But a coup it is.


The Good:


Finally, finally, a sizeable refundable deposit on those ubiqitous water bottles. Now can we stop using them forever? Did you know that it takes oil filling a quarter of the bottle to make that bottle?

The Bad:

Oh-oh, there goes some more arctic ice. Worse than 2007. Just about gone. We have wreaked this destruction in a couple of decades. We're seeing sediment that hasn't been seen in 1.1 million years.

And

The Ugly
And our TSX, our Toronto Stock Exchange has taken a really nasty tumble: we have the world record at 800 points down, putting us ahead of all the other tumbles. Who knew potash stock could throw us into the sewer?