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Economics Made Easy

No global economic recovery

May 17, 2012 / 5:00 am

In this article I want to provide a clear picture of the global economy. I’m seeing it on TV, hearing it on the radio, and being lectured to at a recent seminar about how the global economy is on the road to recovery. Let me put as fine of a point as I can on this. It is complete bunk! We...

Austerity comes to Canada

Apr 5, 2012 / 5:00 am

I’m going to alter my focus today from global economic issues and zero in on a topic that hits home for all Canadians. The recent mugging of Canadians as a result of the federal government’s clawing back of Old Age Security from 65 to 67 years is something that we should not take...

Deflation: friend or foe?

Mar 22, 2012 / 5:00 am

As we draw closer to the inevitable financial catastrophe that lies ahead of us, we will likely hear plenty about the pure evil of deflation and how it must be avoided and fought at all costs. Deflation will be depicted as an alien disease that must not be allowed to establish a presence on this...

Bell tolls not for Greece alone

Mar 8, 2012 / 5:00 am

In my very first economics class at university we were given the definition of economics. Economics: “the study of the distribution and allocation of limited resources.” As far as resources go, the most valuable resource I know of is “time”. Thus, I will do the readers of...

Don't blame capitalism

Feb 23, 2012 / 5:00 am

Photo: Contributed I fear that as the global financial system continues to crumble, and believe me it will get a lot worse, capitalism will increasingly be viewed as the culprit. Even film director Michael Moore, that stalwart of objective film making, has dedicated an...

What they've done to my dollar

Feb 9, 2012 / 5:00 am

In my last article I said that I would address the issue of why in recent history, the 50's through the mid 80's, it was possible to raise a family on a single income.  Today that seems to be a feat that is achieved by few families globally.  The cost of university, housing,...

I got a raise! Or did I?

Jan 26, 2012 / 5:00 am

  I intend to spend the next few columns writing about inflation. What is it? How does it occur? Does it even need to exist? Photo: Contributed   Let’s first address the symptoms of inflation, which are rising prices. Two days ago a colleague of...
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Global financial crisis debunked

Dec 15, 2011 / 5:00 am

Sovereign Debt, Skyrocketing European Bond Yields, Currency Pegging, Corporate and Bank Bailouts, Currency Wars, Austerity Programs - what does all of this mean and how did we get here? Well, if you ask the likes of US Federal Reserve Chairman Ben Bernanke or former European Central Bank...
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About the Author

Derrick Nicholson is a Currency Strategist with Western Union Business Solutions.  He has been in the industry for the past 20 years.  He specializes in mitigating currency risk for companies doing business outside of Canada.

Questions and inquiries can be directed to Derrick at Derrick.Nicholson@westernunion.com or visit their website for further information: www.business.westernunion.ca.

 







The views expressed are strictly those of the author and not necessarily those of Castanet. Castanet presents its columns "as is" and does not warrant the contents.



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