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Monthly Archives: September 2019
Cash crunch intensifying for Canadian boomers
Years of poor money habits and destructive financial advice have taken a toll on the majority of Canadian households. This is particularly evident for the over-50 crowd, where high living costs, coupled with insufficient savings, low-income yields, risky-investment products, lax-lending … Continue reading
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TED: The dirty secret of capitalism and a new way forward
Rising inequality and growing political instability are the direct result of decades of bad economic theory, says entrepreneur Nick Hanauer. In a visionary talk, he dismantles the mantra that “greed is good” — an idea he describes as not only … Continue reading
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Money market strains warn of elevated capital risks
As the US Fed debates its next rate announcement tomorrow, a liquidity crunch in overnight lending rates in the repo market prompted the NY Fed to inject $53b into the US banking system today. See: Unhinged Money Markets trigger Fed … Continue reading
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