Archives

Making Economics Meaningful – How Official Inflation Figures Obscure Reality

Since 2008 (that evergreen financial milestone) central banks have tried to stimulate economies by keeping borrowing rates extremely low. The idea was that people and corporations would be encouraged to borrow and spend money since the cost of that borrowing would be so cheap. This would eventually stimulate the economy through growth, help people get […]

Read More

The Housing Bubble Jane Jacobs Built

When Jane Jacobs died in 2006, her Annex home sold for a reported $3,000,000. A lofty sum, but a fitting metaphor for the career of a woman so central to how we’ve come to understand cities and urban growth. Cities, almost everywhere, are under a crunch to meet the needs of growing populations and affordable […]

Read More

Pay No Attention to the Bubble Behind the Curtain

Mortgage slaves, growing non-prime debt and private lenders are helping define the worsening picture of the Canadian housing bubble. But don’t worry, because according to banks, economists and politicians everything is alright!

Read More

Danger Creeps: Housing Bubbles and Crying Wolf

If you’re looking for some good reading Google “Canadian Housing Bubble” and you could fill a library with the amount of material available. There isn’t a week that goes by without some new article somewhere screaming with alarm about Canada’s precarious and overvalued housing market. I’ve written many myself, but in conversation almost everyone admits that regardless […]

Read More