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
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.
… Read more
TORONTO — Many consumers wi
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
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
Particularly in the U.S., whose markets have thrived under a psychological uptick from Trump and the current administration, I fully expect to witness the historical pattern that accompanies my “psychology in the short term, fundamentals in the long” economic mantra.
While people are spending like no tomorrow with the hope of future earni… Read more
A common tenet of Keynesian theory is that a lack of inflation will slow down the “velocity of money”, encourage people to hoard money, spend less, and therefore stall an economy by reducing demand.
Keep in mind that Keynesian theory has only been en vogue for a century, and is merely a blip in history. It is still just a theory, with fiscal interve… Read more
The last couple of interest rate hikes in the U.S. had an unusual short-term effect on the stock market — the markets went up on both the rumour and the news.
Normally, by placing a higher value on cash and savings, there would be a flight away from leverage and speculation, resulting in a correction in the market. However, that never happened as the DOW and S… Read more
Finance Minister Charles Sousa unveiled the plan in the province’s fall economic statement Tuesday afternoon. The corporate tax rate for small businesses will fall from 4.5 per cent to 3.5 per cent effective Jan. 1, 2018, the same day the province will increase its minimum wage from $11.60 to $14.
The Keynesian t… Read more