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Monthly Archives: March 2017
Pension deficits prove asset bubbles are counterproductive
For the past 20 years, financial experts have counseled the public down a self-destructive path leading to massive capital shortfalls and deficits in savings and pensions worldwide. Spend more, save less was the motto; that taking more risk and paying … Continue reading
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Employees at Canadian banks speak out about pressure to ‘dupe’ customers
When news of the Wells Fargo fraud/sales pumping culture hit last October, we reminded our readers, that this was not just a Wells story, but financial sector wide. (See our archive of stories here). And last week, when news of … Continue reading
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The next ‘big short’: malls
The consumer credit bubble encouraged a massive overbuild in retail and commercial realty over the past decade. This was especially the case in North America, which already boasts the greatest retail square footage per capita in the world, with countless … Continue reading
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