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Some good big picture in this clip. Former U.S. Treasury Secretary Lawrence Summers discusses risks from emerging markets and the changing nature of China’s economy. Here is a direct video link.

Although Willem Buiter works for Citigroup, he is close to retirement and more apt to call things as he measures them rather than simply spew the usual sell-side swill. His base case is that the world is heading into the next … Continue reading →

With Canadian home ownership rates already the highest in the world (69% in the latest Stat’s Can survey from 2011), politicians/brokers/financiers continue to plot how best to get even more Canadians buying real estate at record low rates and record … Continue reading →