Category Archives: Main Page

The health toll of reckless financial policies

A study published in the Journal of the American Medical Association in 2018 found that a sudden loss of wealth—negative wealth shock—can trigger health problems and reduce longevity. With limited years remaining to regain losses in older age, researchers noted … Continue reading →

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Understanding the negative wealth effect now compounding

It’s important to appreciate that owners in the world’s most expensive real estate markets are the same top 10% of households holding the bulk of global securities individually and through pensions, mutual and Exchange Traded Funds, as well as private … Continue reading →

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Implications for Canadian real estate as layoffs surge

As I have noted many times, the seeds of financial crisis and panicked liquidation have been sown through the last decade of reckless lending, borrowing and price-indiscriminate asset-buying.  Highly indebted companies, households and speculators were already cash-strapped before the coronavirus … Continue reading →

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