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A Canadian Story of Woe

    One of the challenges of being a financial advisor is finding ways to convey complex financial issues in simple ways to my clients and readers. I believe I do this to varying degrees of success, and I am informed of my failures by my wife who doesn’t hesitate to point out when I’ve […]

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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 […]

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The Interest Rate Awakens

The first line of defense against an economic slowdown has been cutting interest rates, but as the Fed moves to raise rates for the first time since 2006 and rates are at an all time low globally, we have to ask whether rates matter that much at all.

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The Zombie Apocalypse and Investing

If 2008 was the financial apocalypse it is often written about, it is a zombie apocalypse for sure. It’s victims don’t die, they are merely resurrected as an infected horde threatening to infect the other survivors. And no matter how many times you think the enemy has been slain, it turns out there is always […]

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Throwing Cold Water On Investor Optimism (Not That We Needed Too)

Yesterday the 16th Geneva Report was released bearing bad news for everybody that was hoping for good news. The report, which highlighted that debt across the planet had continued to increase  and speed up despite the market crash of 2008, is sobering and seemed to cast in stone that which we already knew; that the […]

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Economists Worry About Canadian Housing Bubble, Canada Politely Disagrees

This week the Financial Times reported that “Canada’s housing market exhibits many of the symptoms that preceded disruptive housing downturns in other developed economies, namely overbuilding, overvaluation and excessive household debt.” These comments made by economist David Madani have been repeated and echoed by a number of other groups, all of whom cite Canada’s low […]

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