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Monthly Archives: June 2019
‘China Bad debt approaching 25% of total credit’
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
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Households vulnerable amid global downturn
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
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Plastic action happening now
Now that poorer countries are rejecting incoming garbage shipments from wealthier nations and waste is mounding and washing up all around the world, awareness is finally spreading that less than 10% of the plastic generated each year is actually ever … Continue reading
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