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Category Archives: Main Page
MacLean’s: How Canadian homes became debt traps
Tale as old as time: over-spending, under-saving, taking on debt to elevate ‘lifestyle’, tax-payer backed programs designed to enable bad habits, and a finance sector recommending destructive behaviors including the ‘miracle’ of Home Equity Lines of Credit (HELCOs) and ‘borrowing … Continue reading
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Debt-fueled-consumption-supercycle in retreat: “We’ve wasted our gravy train”
In 1880, Melbourne Australia was the richest city in the world, until it had a property crash in 1891, halving home prices and launching the nation into an economic depression that was longer and deeper than the Great Depression of … Continue reading
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End running trust-abusing financial intermediaries
We have been quietly reading and watching the evolution of blockchain since the introduction of its first application Bitcoin, in 2008. It is a complex, new world paradigm, where one is well advised to study, process and think before making … Continue reading
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