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Olduvai III: Catacylsm
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The Bond Bubble

The Bond Bubble Central banks have artificially lowered interest rates, making bonds attractive. And since bonds are historically safe havens, it’s hard to even comprehend a bond bubble. But as interest rates start to rise, the concern over bonds rises too. Adding some gasoline to the fire is the fact that the largest buyers of […]

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The Bank of Canada Should “Cease and Desist”

The Bank of Canada Should “Cease and Desist” “Beneath the symbol We’ll all assemble Oh how we’ll fly Oh how we’ll tremble” — Captain Beefheart, “Ice Cream for Crow” If interest rates are the symbol beneath of which we all assemble, then there are some bad times ahead. But Canada’s “leading economists,” say interest rates […]

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Canada Flagged for Recession by BIS

Canada Flagged for Recession by BIS This can’t be good… As if Canadians needed more proof that the country’s real estate is in a bubble, and that this misallocation has spread to other sectors of the economy, the Bank of International Settlements released its latest quarterly confirming what any critical observer can see: binging on debt is […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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