Name a period in history where exponentially growing national debt was eventually paid off in full, because a nation’s financial growth was so excessive as a result of the theoretical fruits of modern Keynesian economic policy.
We’re still waiting, but don’t expect it to happen anytime soon, or at all.
Meanwhile, the amount of times ma… Read more
Has a correction arrived and about to reverse course, or is the bubble just now feeling the pressure of the pin?
Let’s translate the numbers that came out from the Toronto Real Estate Board, a report that should be taken with a grain of salt considering the conflict of interest they have in reporting the truth:
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TORONTO — Canada’s largest real estate
Any politician should be endlessly ridiculed for using the word “free”
“Free” means without cost, and clearly every “free” thing promised by the government comes at a steep cost — the complete opposite of free.
The “free” daycare promised by the current Ontario government which would saddle Ontar… Read more
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
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
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
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.
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
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.
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