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.…
investment
China Leads Renewable Investments
China is clearly winning the global race to renewable energy, with a near trebling of investment into the sector over the last decade. China’s manufacturing industry is primed to produce…
Bond Markets Collapsing – This Is Giant
Bond markets are collapsing.This is giant. Financial collapse approaches again. To the skeptical I say, remember, I was one of the five people in the world on record as having…
Tuesday Afternoon Links
This and that for your Tuesday reading.- Steven Greenhouse discusses how Donald Trump's obsession with tariffs is ultimately harmful to everyone affected. But Jonathan Freedland writes that Trump's addiction to…
What do Canadian corporations do with their profits?
Corporate profits have received much more scrutiny in recent years. High inflation provoked on-going debates about the role of profit margins with terms like “greedflation” and “price gouging” levelled at…
Rethinking Assets can Alter Our Political Equation of Climate Change
They emphasis the need to address asset revaluation concerns in the context of climate politics and suggests that a focus on domestic politics is crucial. They also discusses the role…
Russian vodka disappears from Alberta shelves – but what about Russian pipeline steel and AIMCo’s Russian investment fund?
On Sunday, Premier Jason Kenney announced the provincial government has directed the Alberta Gaming, Liquor, and Cannabis Commission to stop accepting Russian-made liquor products and to quit selling current stock…
Canadian Universities to Educate Business About Climate Change
A select group of universities across Canada have signed up to be part of a a new initiative to get long-term investors to care about climate change. The universities have…
Gold, Savings & Security In The Real World
Here is what the crowd, the authorities, and the mainstream media, including the business press, will tell you: It’s called BS. Think for yourself. For example, when real inflation rates…
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…
Oil Capitals Hunker Down
To Calgarians, the city is starting to feel like a punching bag. Its primary industry suffers one body blow after another. Oil prices crashed at the end of 2014 as…
Is Kenney Coming After Our Pensions?
Premier Jason Kenney, ardent free market conservative, has started sounding a little like Peter Lougheed, a former premier with more progressive conservative leanings. Indeed Lougheed was once labelled “Peter the…
Is Kenney Costing Alberta Investment and Jobs?
Calgary Economic Development CEO Mary Moran reported recently that a tech company that had considered setting up its head office in Calgary had changed it mind. The reason? Talk of…
Kudos to Carney (and Good Luck!)
Mark Carney is a banker par excellence, a Canadian boy who made the big time. He served as Governor of the Bank of Canada from 2008 to 2013 and is…
Sunday Morning Links
This and that for your Sunday reading. – Laurie Macfarlane writes that contrary to the dogma of budget scolds, the truly reckless course of action is to fail to invest…
Trudeau’s proposed speculation tax
I’ve written a blog post about the Trudeau Liberals’ recently-proposed speculation tax on residential real estate owned by non-resident, non-Canadians. The full blog post can be accessed here.
Supportive housing for persons with serious mental health challenges
I’ve recently written a ‘top 10’ review of a new book on supportive housing—i.e., subsidized housing with social work support—for persons with serious mental health challenges. The book’s an anthology…
An Analysis of Financial Flows in the Canadian Economy
An essential but perhaps overlooked way of looking at the economy is a sector financial balance approach. Pioneered by the late UK economist Wynne Godley, this approach starts with National…
Use a Bot to Make Ethical Investments
money A new company, OpenInvest, wants you to use its bots to make your monetary life more ethical. A very popular way to invest in the market is to use…
The great rentier give-away
With today’s fiscal update, the Trudeau government has really shown itself to be at the forefront of global left neoliberalism. Taking nearly all his cues from his business-dominated Advisory Council…