Newton’s Third Law and The Dow’s Epic Rise

“For every action, there is an equal and opposite reaction.”

Newton’s statement implies that in every interaction, there is a pair of forces acting on the two interacting systems. The size of the forces on the first system equals the size of the force on the second system. The direction of the . . . → Read More: Newton’s Third Law and The Dow’s Epic Rise

Recession is Over: Positive Economic Data Abounds

Fed Chief Ben Bernanke said Tuesday that indeed the recession of the past year is over. And positive economic data continues to punctuate assertions that the Q3 growth will be anything but lackluster:

1. On Tuesday, the popular ICSC-Goldman report’s year-on-year measure jumped into positive ground — 1.6 percent for the best . . . → Read More: Recession is Over: Positive Economic Data Abounds

Scotiabank Certificates

The article Scotiabank and the Real Silver prompted me to have a closer look at their 2008 Annual Report. Two interesting quotes (note all dollars are Canadian):

“In Scotia Capital, revenue declined by 25%, due mainly to charges relating to the Lehman Brothers bankruptcy, valuation adjustments and generally weak capital markets. These were partially . . . → Read More: Scotiabank Certificates