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Monthly Archives: September 2014
More on capital risk in banks
My article here yesterday on the Bank of Canada being the least capitalized bank in the Western world, spurred another round of reader emails about risks in the banking system and particularly to bank depositors. This is a very troubling … Continue reading
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The coming bust of the ‘invincible stimulus bubble’
Much bated breath over the latest announcements from the tool-bare European Central Bank this morning. The ‘Great Draghi’ revealed that they will try yet another iteration of cutting practically nil rates to even more nil and buying up even more … Continue reading
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Payday loans gone wild
A sign of our times: everywhere we look today we see different payday loan shops. These shops cater to the droves of increasingly desperate people looking to cover cash flow shortfalls and agreeing to pay immoral, enslaving interest rates as … Continue reading
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