Tag:

keynesian economics

Name a period in history …

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

Canadian Housing Bubble: Toronto sales down 40% YOY in March

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:

TORONTO — Canada’s largest real estate

Read more

Thursday Thoughts: the promise for more “free” things and the bursting of bubbles

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

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