What rises on record credit and speculation, also deflates as those same forces mean revert. This clip is a good summary of how real estate has inflated the Canadian economy the past decade. ‘Hoping it won’t’ cause economic drag as tides turn, is not a rational strategy.
Here is a direct video link.
When living through mad times, it’s wise and defensive to keep reviewing reality. This discussion offers a good recap.
Nomi Prins, journalist and author of Collusion: How Central Bankers Rigged the World, talks to journalist Chris Hedges about how central bankers “overstepped their traditional mandates by directing the flow of epic sums of fabricated money without any checks and balances.” Here is a direct video link.
Danielle was a guest with Kerry Lutz on The Financial Survival Network talking about recent developments in the world economy and markets. You can listen to an audio clip of the segment here.
