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Daily Archives: December 15, 2015
Canada’s new mortgage rules offer teachable moment
For pity sake, please do not buy $700,000 homes with 45K down and 655K mortgages, even if your mortgage/financial adviser, specialist, architect, sales person says that you qualify. Please run away…If you don’t have a healthy down payment to use, … Continue reading
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Paris climate accord: vapid in content?
Professor Chris Williams says 21 years of treaties and negotiations have all been stepping around the main problem: the production of fossil fuels. Here is a direct video link.
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Credit contagion returns
In order to see meltdowns coming, you have to be looking for risk. Most financial types are paid to sell risk, not manage it. Warnings of a high-yield bust were plentiful: The shale driller that missed its first payment. The … Continue reading
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