Month: November 2016

House of Cards

Back in September it was reported that for the first time ever, the level of debt held by Canadians has exceeded the country’s gross domestic product as the red ink spilled over in the second quarter to 100.5 per cent of GDP, up from 98.7 per cent during the previous three-months. At the same time,…

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IMF Sounds the Alarm

In addition to reporting on the dangers facing global banks as a result of declining profits in the current low rate environment, this past month the IMF (International Monetary Fund) also released its latest Fiscal Monitor report which sounded a loud alarm when it revealed something disturbing: at 225 percent of world GDP, the global…

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