Daily Archives: May 11, 2015

Loonie likely to languish longer

As the Chinese and Japanese economies keep disappointing high hopes, Europe flat-lines and emerging market economies free fall, the world looks to the US as the best, great hope for global growth.  Unfortunately, US households–the driver of the US economy … Continue reading

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Why regular people need to demand bank reform

Anat Admati exposes the flaws in the banking system that could trigger another financial collapse, and lays out a plan to fix it in her new book “The Bankers’ New Clothes: What’s Wrong with Banking and What to Do about … Continue reading

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The crushing weight of Canada’s debt

The Globe’s Report on Business section this Saturday was a cautionary feature extravaganza on Canada’s debt binge.  Some excellent articles and charts (see the info graphic summary here). It is not a pretty picture, but facts must be faced and … Continue reading

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The high cost of low price

This film focuses on Wal-mart, but the themes extend to multinational conglomerates generally and help to explain why local spending has increasingly been funneled out of local communities and into offshore jobs and shareholders.  We have all been part of … Continue reading

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That Film About Money

This short film is a good summary of the banking system today.  Reckless leverage in the financial sector, encouraged by government guarantees and reflated by QE, has created the financial monster now eating us.  Here is a direct video link … Continue reading

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Making finance serve society

Further to my post on Friday of the video of Brooksley Born and Anat Admati‘s remarks at the Finance and Society conference in Washington last week, Anat Admati sent me a link to the text of her talk on the … Continue reading

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