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Daily Archives: October 24, 2017
Americans too: IMF warns record US household debt is ‘economic trap’
The International Monetary Fund devotes two chapters of its latest Global Financial Stability Report to the issue of household debt and points out: high household debt levels deepen and prolong economic recessions. US household debt is back at pre-Great recession … Continue reading
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China hope and hype driving commodity prices–mean reversion due
Good discussion (I missed this at the end of September). The same speculative forces drove prices far above fundamentals in 2007-08 and 2010-11 before they collapsed. We are there again. Leland Miller, China Beige Book International CEO, provides insight into … Continue reading
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Canada unprepared for the payback period
The thing about economic expansions is that people are supposed to work, pay down debt and build up savings, so that they can ride out the economic downturn that follows. Canadians have done the opposite over the past 8 years, … Continue reading
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