keynesian economics

When it comes to talking, you should give Trump some credit

Scott Adams, Dilbert cartoonist, calls him a “master persuader”.

Perhaps it’s time to give credit to the fashionably unlikable president and acknowledge that Trump knows how to talk. It’s probably also time for most hardcore partisans, whether they are for or against Trump, to start looking at issues pragmatically rather tha… Read more

SHOW YOUR WORK! Part 2: Canadian government, stop passing legislation without proof of necessity

As a follow-up to yesterday’s article, let’s shift focus to the debt-spending tactics of the federal government, whose nefarious end goals are the same as the Ontario provincial government, but are much more transparent.

Finance Minister Bill Morneau is a little less careful with his words as the ulterior motive behind their so-called R… Read more

How long can Powell and Trump talk up the markets?

Psychology in the short run, fundamentals in the long.

The notes from new Federal Reserve chairman Jerome Powell hinting at strong economic numbers are driving up the stock market and the U.S. dollar, continuing the unprecedented uptrend since the inauguration of Trump and his administration.

Persuasion is in full force, as investors and speculators ar… Read more

Canadian housing bubble: Keeping up with the Joneses’ debt

New lending rules may have curtailed big banks from issuing risky loans, but Canadians in their everlasting effort to keep up with the Joneses, will go to any length to make sure they are as indebted as their neighbours.

A recently released article from the Canadian Press shows that Canadians are virtually willing to go to the mafia just for a taste of home owne… Read more

How much is social media group-think fueling financial bubbles like BitCoin? #HODL

I think now is as appropriate of a time as any to tie together two topics I’ve written about extensively on this blog: anti-social media and cryptocurrencies.

It’s hard to ignore the financial news from yesterday: cryptocurrencies with another double-digit percentage drop, stock markets dropping about 5%, volatility up 100%.

With regards … Read more

It’s Groundhog Day and like the movie, Canada is about to relive another financial crisis

Until this modern take of Keynesian economics is no longer pushed as the standard of financial “wisdom”, debt-fueled economies will continue to relive these progressively worse economic cycles, with every bubble burst being much worse than the last.

On the heels of the quarter percent rake hike freak-out, Canada is on track to its Groundhog … Read more

If Tuesday was a violent selloff, then the looming recession will be armageddon

Oxford Dictionary’s 2017 word of the year was “youthquake”.

Merriam-Webster Dictionary’s 2017 word of the year was “feminism”.

A word that would run in my personal Top 10 of 2017 is “violence”. In many ways, it is related to the above two: “youthquake” and “feminism”.  Th… Read more

Canadians are freaking out over a 0.25% rise in interest rates

When an article was released by the Canadian Press last Wednesday advising us plebs what to do in the face of a meagre 0.25% rise in interest rates, one has to wonder how bad the economic situation really is in Canada under the debt-driven facade.

From “Money just got more expensive — what are you doing about it?“:

TORONTO — Many consumers wi

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China makes their move on the world chess board. What will be the U.S. and Federal Reserve’s response?

With U.S. markets and arrogance at record highs, China thinks now is the right time to go for a king side attack and checkmate.

On the world chess board, Trump and his administration have went all-in on their persuasive strategy to attract as many investors to the U.S., verbally claiming full ownership of the economy realistically propped up by decades of Key… Read more

Ontario raises minimum wage 30 percent, stoking world’s fastest inflation. Wait, wasn’t that Venezuela?

Here’s an article that came out on New Year’s Eve about Maduro’s “Good News!” that for fun we will rewrite from an Ontario and Canadian perspective.  Note the incredible amount of similarities and the lack of difference we can cite between the two.  One difference is that Venezuela went all-in with socialist policy and c… Read more