Daily Archives: February 9, 2017

Commercial mortgage backed securities heading south

As I have mentioned several times over the past year (see:‘Genius’ fails again and Commercial realty loan defaults booming, for just a couple), the retail sector is dramatically over built and mean reverting in North America.  As stores close, mall … Continue reading

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“It’s the economy dummy!”

David Stockman suggests President Trump might best spend some time actually addressing economic issues instead of the administration’s travel ban for immigrants from Middle Eastern countries, which Stockman called “a giant misfire:” “Trump was elected because flyover America is hurting … Continue reading

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Glut of high-end homes growing

For several years we have been pointing out that demographic trends are turning away from high-cost, high-maintenance housing, in favor of lower cost, more efficient, and easier-to-maintain housing. In Canada especially (and many other countries) this is happening as home … Continue reading

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The Current: The Lethal History of Viscose Rayon

For well over a century, viscose rayon has been used to make clothes, tires, cellophane and everyday kitchen sponges. It was hailed as a wondrous new product when first introduced — but what most people didn’t know is how deadly … Continue reading

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Government capture by corporations: dominant global theme

A few giggles and many lucid points in this article from British commentator, comedian Frankie Boyle.  See here:  All presidents come into office with something to prove, it’s just rarely their sanity. Here are just two standout paragraphs: I don’t … Continue reading

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Fiduciary standard survives another attack

In a world of populist leaders and half-baked 140-character-thoughts, a sober, law and constitution-focused judiciary, is critical in checking abuse of power.  Relentless efforts to block the long-delayed fiduciary standard for those giving retirement advice is classic. Inspired by President … Continue reading

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