Follow
_________________________
Cory’s Chart Corner
Humans just repeat the same old themes decade after decade. Today there is far more debt to service, thus greater financial impact on spending. Ask Walmart's CEO if he's noticed any change in consumer behavior while the U.S 10 years hits 5%.
Don’t forget in April of 2007 10 year hit 5.3% and by October of 2008 they were 2%.
Monthly Archives: April 2019
Why the economy is not working for most
Financialization, share buybacks, the shareholder primacy mindset, decades of tax cuts and government bailouts for ‘too big to fail’ companies, have all worked to socialize costs and subsidize a tiny fraction of the population at the expense of the rest. … Continue reading
Posted in Main Page
Comments Off on Why the economy is not working for most
‘Piggybank empty’ for tapped out Canadian homeowners
Canadian insolvencies are on the rise as their debt comes home to roost. For more on this and why the piggybank is empty for some Canadians looking to borrow against their home, BNN Bloomberg spoke with Keith Emery, operations director … Continue reading
Posted in Main Page
Comments Off on ‘Piggybank empty’ for tapped out Canadian homeowners
The Current looks at the cost of rampant money laundering in Canada
Not only are drug traffickers and other criminals enabled, and needed tax revenues avoided, but investigators confirm that money laundering flows have been a significant factor driving up the price of real estate and related services (and thus the debt … Continue reading
Posted in Main Page
Comments Off on The Current looks at the cost of rampant money laundering in Canada
