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Monthly Archives: July 2019
Global debt approaches record 320% of GDP in Q1 2019
The consensus, in retrospect, now agrees that the Great Financial Crisis was a product of indiscriminate lending, speculation and too much debt. Today, though, they see no such problems. Record asset valuations and debt are no longer of concern because … Continue reading
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Buiter: current monetary policy ‘Land of Make Believe’
At yet equity markets and most policy-makers still banking on rate-cut OZ of old… Willem Buiter, special economic adviser at Citi, discusses global monetary policy. Here is a direct video link.
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North Americans: world leaders in oil production and consumption
With the world population doubling in the last 50 years, energy demands, sources and technologies are in a rapid growth phase. It is useful to understand from whence we come. For a detailed and balanced review of Canada’s oil history, … Continue reading
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