Author Archives: Danielle Park

Credit and realty prices in contraction together, naturally

Posted on December 4, 2018 by Danielle Park

Economist Steve Keen writes yesterday in Australia’s Housing Bubble Pops, that the rate of change in mortgage credit (in red below) leads the level of house prices (blue), as shown here in America since 1990, with the 2006-09 collapse in … Continue reading →

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Canadians under-saved and unprepared for slowing economy

Posted on December 3, 2018 by Danielle Park

Some 90% of Canada’s economic growth since the last recession has come from household consumption and spending in the realty sector (see chart below), enabled by unsustainable growth in debt at every level of the economy. In the process, Canadians … Continue reading →

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Class-action lawsuits for climate damage, here to stay

Posted on November 30, 2018 by Danielle Park

In 1965 then US President Lyndon Johnson’s Science Advisory Committee published a report titled “Restoring the Quality of Our Environment,” that warned carbon dioxide was being added to the earth’s atmosphere by the burning of coal, oil, and natural gas … Continue reading →

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