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Canada’s Mortgage Lenders Have Set Aside a Record Amount for Bad Loans

Canada’s Mortgage Lenders Have Set Aside a Record Amount for Bad Loans It’s odd to see it occur while almost every market reports record home sales.  Canada’s real estate markets are booming, but lenders are preparing for mortgage losses. Bank of Canada (BoC) data shows the allowance for credit losses due to mortgages reached a record high […]

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Eurozone Banking Crisis – ECB Delays Rules for Bad Loans until 2021

Eurozone Banking Crisis – ECB Delays Rules for Bad Loans until 2021 The European Central Bank (ECB) has postponed its new guidelines for banks because if it did not, the Italian banking system would simply collapse. The ECB has given Eurozone area banks more time to adapt to new guidelines on how to deal with […]

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Europe Moving Into Meltdown?

Europe Moving Into Meltdown? QUESTION: Marty, now the OECD is predicting a financial crash worse than the 2007-2009 event in Europe because they say there is over €1 trillion in bad loans that cannot be collected. They seem to be also changing their opinion to fit your model. Were they there in Berlin? ANSWER: We cannot comment on […]

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The Great Fall Of China Started At Least 4 Years Ago

The Great Fall Of China Started At Least 4 Years Ago Looking through a bunch of numbers and graphs dealing with China recently, it occurred to us that perhaps we, and most others with us, may need to recalibrate our focus on what to emphasize amongst everything we read and hear, if we’re looking to […]

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China Bad-Loan Level Seen Understated After Economy Slows – Bloomberg

China Bad-Loan Level Seen Understated After Economy Slows – Bloomberg. China’s bad-loan ratio may have been understated by at least a third in the second quarter as an economic slowdown weakened borrowers’ ability to repay debts. The level may have been 1.5 percent or above,China Orient Asset Management Corp. said in a report yesterday, citing its survey of […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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