Author Archives: Danielle Park

Financial services are not a driver of growth, they are a massive tax on the economy.  Not only are financial services a cost of doing business for everyone else, they have managed to capture trillions in taxpayer subsidies and bailouts … Continue reading →

An IMF report warns that following 16 years of expansionist monetary policies, the world was a record $152 trillion dollars in debt at the end of 2015, more than double the amount owed in 2000. The debt represented 225% of … Continue reading →

As we have seen repeatedly throughout history, highly levered housing is full of downside for buyers/borrowers, the economy and taxpayers (thanks to government-backed mortgage insurance).  Finally the Canadian government has announced that it wants to introduce ‘risk-sharing” with lenders.  What … Continue reading →