Monthly Archives: March 2017

When people are using debt to maintain their lifestyle, they are also foregoing savings for the future. Spending on debt thus reduces funds for future spending and hence economic strength and stability for years to come.  A focus on short-term … Continue reading →

As you watch this report, remember that bank economists are required to temper their reports on financial risks, and understate downside forecasts, so as not to scare off customers from their bread and butter investment underwriting and sales side. But … Continue reading →

The credit bubble enabled a massive overbuild in the scale of housing as well as the retail and commercial sector.  The mean reversion began in 2008 and then was stalled for a time by excess liquidity driven by QE and … Continue reading →