Daily Archives: June 11, 2019

I have long noted that the leverage, securitization and off-book accounting gimmicks that imploded enery-giant-ENRON in the early 2000s were adopted far and wide over the last 20 years.  Bailouts to those instrumental in the 2008 implosion, along with central … Continue reading →

In terms of relative household debt levels, Canadians measured as more financially prudent than US households heading into the 2008 recession–that was then. Today, as shown beside, Canadians are world leaders in financial imprudence with both record high debt and … Continue reading →