Debt Crisis Grows, Collapse & System Reset Approach
It used to be considered banana republic realms when the debt to GDP ratio of a nation exceeded 60%. Today, the Western nations are running at 100-140% debt to GDP.…
financial crisis
Ten things to know about CMHC’s Insured Mortgage Purchase Program
In March 2020, the Trudeau government launched a new version of the Insured Mortgage Purchase Program (IMPP). According to CMHC’s website: “Under this program, the government will purchase up to…
Crashed: How a Decade of Financial Crises Changed the World
Book Review Adam Tooze. Crashed: How a Decade of Financial Crises Changed the World. Viking. New York. 2018 The global economic crisis is now more than a decade old, and…
Teaching macroeconomics as though Lehmans didn’t happen
September 15th marked the tenth anniversary of the fall of Lehman Brothers, destabilizing Western economies at levels not seen since the 1930s. It also marked the second week of fall…
Rethinking the economics of extreme events
Review of Worst-Case Economics: Extreme Events in Climate and Finance by Frank Ackerman *** Long ago economics was termed “the dismal science,” but in recent years that title has arguably…
Rethinking the economics of extreme events
I was asked to review Frank Ackerman’s Worst-Case Economics: Extreme Events in Climate and Finance. I’ve learned a lot from his writing over the years so it was a pleasure…
Justice and the budget #nlpoli
The latest in a string of little budget dramas ended on Friday afternoon. A group of lawyers that included former Conservative party president John Babb launched a court case to…
Summer reading! Review of Stanford’s second edition of Economics for Everyone
Looking for something to take with you to the cottage, the beach or the cafe? Check out Jim Stanford’s 2nd edition of Economics for Everyone. Here’s a review by Peter…
Using his words #nlpoli
Politicians are usually very careful about the words they use.That’s why it’s important to notice the words Premier Dwight Ball used this weekend in an interview with Tom Clark for…
Risk of global financial crash has increased, warns IMF | Business | The Guardian
Threat of instability and recession in emerging economies, and legacy of debt and disharmony in eurozone among ‘triad of risks’ outlined in stability report Source: Risk of global financial crash…
Inequality, the Financial Crisis and Stagnation: Competing Stories and Why They Matter
Inequality, the Financial Crisis and Stagnation: Competing Stories and Why They Matter Thomas Palley There exists several mainstream explanations of the financial crisis and stagnation, each explaianing the role they…
Iceland’s Supreme Court Upholds Jail Sentences of Four Banking Executives
Filed under: Capitalism, Crisis, Europe Tagged: Financial crisis, Iceland
G20 meeting of world finance ministers too little too late
Posted earlier as an opinion piece for CBC. See original post here (this post slightly modified from original) By Louis-Philippe Rochon Follow him on Twitter @Lprochon Much was at stake…
Seccareccia on Greece, Austerity and the Eurozone
Over at the blog of the Institute for New Economic Thinking, Ottawa U professor Mario Seccareccia has given an interview titled “Greece Shows the Limits of Austerity in the Eurozone.…
Revealed: Bank of England disarray in the face of financial crisis | Business | The Guardian
Revealed: Bank of England disarray in the face of financial crisis | Business | The Guardian. The full extent of the Bank of England’s emergency action to prevent the collapse…
(Macro) Econ 101
On December 2, Chris Ragan wrote a column for the Globe and Mail titled “Another (Macro) Defense of Econ 101.” The link to his column is available here . My…
Welcome to the bottom of the rabbit hole #nlpoli
Putting a freeze on any discretionary spending is the very least that the provincial government could do in light of the dramatic – but entirely predictable – volatility in oil…
Economics 101
On October 21, Chris Ragan wrote a column for the Globe and Mail titled “In defence of Economics 101.” The link to his column is available here. On October 24,…
What Have we Learned From the Financial Crisis? Part 4: Bernard Vallageas
What follows are comments from a roundtable discussion held at the University of Ottawa on February 28, organized by Mario Seccareccia, and which featured participation from Marc Lavoie, Louis-Philippe Rochon,…
What Have we Learned From the Financial Crisis? Part 3: Mario Seccareccia
What follows are comments from a roundtable discussion held at the University of Ottawa on January 28, organized by Mario Seccareccia, and which featured participation from Marc Lavoie, Louis-Philippe Rochon,…