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

Posted in Main Page | Comments Off on Canada’s new mortgage rules offer teachable moment

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.

Posted in Main Page | Comments Off on Paris climate accord: vapid in content?

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

Posted in Main Page | Comments Off on Credit contagion returns