Daily Archives: October 12, 2011

This comic says a lot. Hopefully a relentless focus on the embarrassing facts to date will keep up the political pressure to urge some necessary reforms and prosecutions. (Hat tip: JM) And while the risk on traders roar this morning, … Continue reading →

These charts from TD Securities capture the problem with Canadian households as we head into the next global recession: individuals have more debt than ever, and especially older Canadians who are supposed to be debt free by 50+.

Good article this morning on the growing anger and anxiety among financial executives. Evidently the new de-leveraging phase is proving to be much less fun and profitable than the leveraging up phase that made the banks billions in phantom profits: … Continue reading →