jrcoggins

Financial Folly

Imagine that you earn $33,000 a year. It is a moderate income. But you like to spend money, and so you habitually spend about $2,000 more each year than you bring in in income. Five years ago, you were $50,000 in debt. As a result of your recent overspending, you are now $60,000 in debt. […]

Teams with Superstars Are Less Likely to Win

The hoopla over this year’s NHL draft lottery highlights once again the value of an NHL superstar. The New York Rangers won the lottery and thus the “Lafreniere Cup” That is, the Rangers get to make the first selection among this year’s crop of young hockey players. They are expected to choose high-scoring left winger […]

After Trump

Whether he is eventually impeached, is defeated in an election, completes the maximum two terms, or is abducted by aliens—there will come a time when Donald Trump is no longer president of the United States. At that point, what will happen? Will the nation return to the state of idyllic perfection that existed before Trump […]

After The Plague

Cataclysmic historical events are often followed by massive social changes. The effects of such events are complex, varied, and unpredictable. As well, these effects interact with the effects of a host of other events and developments, so that the direct causes of change can never be determined. Consider the following. The Black Death The Black […]

Planning for the Next Crisis

It was announced this week that Justin Trudeau’s government is giving $300-$500 each to 6.7 million Canadian seniors, at a total cost of $2.5 billion. We seniors will accept the money, of course. We don’t have a choice. For most of us, it will automatically be deposited into our bank accounts. But how many of […]

We’ll All Get through This Together

In his daily media briefings, Prime Minister Justin Trudeau has taken pains to reassure Canadians that all will be well. “Don’t worry. We will all get through this together,” is the message he puts out, and the message is endlessly repeated by others. Don’t worry about paying your rent or your mortgage—the government is developing […]

Reflections on a Pandemic

Unique world events offer a unique opportunity to learn new lessons. Here are a few we have had an opportunity to learn recently. 1. It’s a small world.  The COVID-19 pandemic has dramatically demonstrated how interconnected the modern world is. A virus from a remote part of China has reached Canada (and almost every other […]

Dangerous Disease, Risky Response

I am a senior citizen with asthma. Therefore, I belong to the “at risk” group. Still, it is unlikely that I will contract COVID-19. It is even less likely that I will die from it. I am not greatly worried. I know that, if not COVID-19, something else will almost certainly kill me sometime in […]

Trust and Cooperation

A few months ago, I was “invited” by Statistics Canada to participate in a “Survey of Financial Security.” I have always voted in elections, completed my income tax returns, and filled in my census forms. I have nothing to hide. I have even worked as a census taker. But, even so, the scope of this […]

Would You Buy a Used Car from SNC-Lavalin?

Two hundred and eighty million dollars is a slap on the wrist. It doesn’t take an expert in corporate finance, engineering, or law to understand this. All it requires is a broad perspective and common sense. On December 18, 2019, SNC-Lavalin, the engineering firm at the heart of 2019’s biggest Canadian political scandal, pleaded guilty […]