Monthly Archives: August 2016

After the debt bubble: affordable, efficient models are the future

A bubble in student debt, enabled by central banks and underwritten by governments, has allowed post-secondary education costs to balloon more than 9% a year since 2000.  Meanwhile incomes have stagnated and job opportunities narrowed. The education delivered is not more … Continue reading

Posted in Main Page | Comments Off on After the debt bubble: affordable, efficient models are the future

Global growth and monetary hoses

According to the CIA Factbook the global broad money supply totaled $81.3 trillion in 2014 and more than a triple from $25 trillion in 2000. For a visualization on the relative size of all global markets and monetary instruments see:  … Continue reading

Posted in Main Page | Comments Off on Global growth and monetary hoses

Housing bubble 2.0

Not different this time–same players and behaviors, different cycle. In 2003-07 it was reckless lending, securitization and derivatives that drove realty prices off the leverage cliff. In 2010-2016 the buyers are foreigners and financial intermediaries (who were bailed out by … Continue reading

Posted in Main Page | Comments Off on Housing bubble 2.0

In bed with Wall Street and living the dream

Brazen nepotism and self-serving policies are the norm in the revolving door world of finance and its regulators–because they have gotten away with it so handsomely to date.   You can read “In Bed with Wall Street” for many sordid details.  … Continue reading

Posted in Main Page | Comments Off on In bed with Wall Street and living the dream

Defaults rising in Canada

Canadian banks are attempting to whistle past the graveyard of rising loan defaults even as they lower loan loss reserves to boast near term earnings.  Safalow summarizes facts well in this clip.  Here is a link to the investigative reporting … Continue reading

Posted in Main Page | Comments Off on Defaults rising in Canada

CBC: Sour Grapes documentary uncorks high-end world of fine wine fraud

I like wine and appreciate the labor that goes into making it. But years ago, I participated in a blind taste test that confirmed I could not discern a $12 bottle from a $1000 bottle. That revelation was a gift. … Continue reading

Posted in Main Page | Comments Off on CBC: Sour Grapes documentary uncorks high-end world of fine wine fraud