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The First-World Fear That Makes Life Harder
The First-World Fear That Makes Life Harder Here in the so-called First World, we give up a lot because of an exaggerated fear of a particular feeling. It’s usually pretty subtle, but I see this fear made explicit whenever Mr Money Mustache or other early-retirement advocatesget national news coverage. The comment sections of these major publications are always vile, […]
Are You Ready for the Coming Debt Revolution?
Are You Ready for the Coming Debt Revolution? Gualfin (“End of the Road”), Argentina Dear Diary, There is a specter haunting America… and all the developed nations of the world. It is the specter of a debt revolution. We left off yesterday talking about how the economy of the last 30 years – and especially that […]
The Self-Employed Middle Class Hardly Exists Anymore
The Self-Employed Middle Class Hardly Exists Anymore Why owning your own income is more important than ever now Many people rightly aspire to improve their household’s state of resilience through actions such as storing emergency supplies, starting a vegetable garden, and learning basic readiness/maintenance skills, etc. In general, resilience boils down to self-reliance. But like […]
What If Mortgage Rates Go Up?
What If Mortgage Rates Go Up? From 4% to 5% If the 30 year mortgage rate increases by just a quarter percent to 4.25%, monthly payment increases by 3%, which may only have a minor impact on the market. Half a percent to 4.5% would increase payments by 6.13% and that may start pushing marginally […]
High End Real Estate in Canada in Frenzied Bubble Blow-Off
High End Real Estate in Canada in Frenzied Bubble Blow-Off Throwing Caution to the Wind We have discussed the dangerous housing and consumer credit bubble in Canada in these pages on several previous occasions in some detail (see “Carney’s Legacy” and “A Tale of Two Bubbles” as examples). Since we first wrote about Canadian real […]
Canadian Families’ Debt Jumped By 64 Per Cent In Just Over A Decade
Canadian Families’ Debt Jumped By 64 Per Cent In Just Over A Decade The amount owed by indebted Canadians grew by 64 per cent to $60,100 in just over a decade, according to a new Statistics Canada study. The StatsCan report released Wednesdayfound that between 1999 and 2012, the median debt held by indebted families increased […]
Income, Education and Inequality in the “Recovery”: Prepare to be Surprised
Income, Education and Inequality in the “Recovery”: Prepare to be Surprised Note to the higher education industry: issuing diplomas doesn’t magically create new jobs in the real world. By virtually any standard, wealth inequality has soared to historic levels in the six years of “recovery” since the Great Recession of 2008-09. Economist Emmanuel Saez, who has […]
The Age of Vulnerability by Joseph E. Stiglitz – Project Syndicate
The Age of Vulnerability by Joseph E. Stiglitz – Project Syndicate. NEW YORK – Two new studies show, once again, the magnitude of the inequality problem plaguing the United States. The first, the US Census Bureau’s annual income and poverty report, shows that, despite the economy’s supposed recovery from the Great Recession, ordinary Americans’ incomes continue […]
