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Canadian economy teeters on crashing oil and “crazy home equity loans”
“Boombustology” Author Vikram Mansharamani discusses his outlook for the Canadian economy. Here is a direct video link.
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Finance still gambling with other people’s money
Heads they win, tales we all lose. The first (glaringly obvious) step is to sever the risk seeking from the deposit taking functions. This means breaking apart today’s ridiculously conflicted mega banks. Only deposit taking arms should be in any … Continue reading
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The great global tightening continues
The trading machines went berserk yesterday afternoon as the US Fed rolled out the latest contortion of verbal gymnastics, removing “patient” from their policy statement, and promising that while rate hikes are coming soon ’cause the “economy is getting better”–it … Continue reading
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