Category Archives: Main Page

Fed’s Kashkari: U.S. Needs to Lead on Too-Big-to-Fail

This is a necessary part of the solution. By demanding higher capital ratios of big banks, reckless bets will be curtailed, taxpayer risk reduced, and the too big to fail financial monsters will be incentivized to reorganize themselves to more … Continue reading →

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$3.3 billion annual subsidies to oil and gas counter-productive

A new report by Canadian environmental groups says annual government subsidies of $3.3 billion to oil and gas companies undermine Canadian Prime Minister Justin Trudeau’s plans to impose a price on carbon dioxide emissions by 2018. Oil Change International said, … Continue reading →

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Rate vulnerability in Canadian home prices: no black swan

As we consider the recent CMHC warning about a likely 30% drop in Canadian home prices should interest rates rise significantly, we should consider this long term table from the Bank of Canada, showing 5 year mortgage rates since 1951. … Continue reading →

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