Economy

Our civilization would not be able to handle such a transition from an expansionary credit based economy where goods and services were readily available into a paradigm of credit contraction, supply shortages and destitution and this is what is coming. There is no way to prevent it – only to defer it until a later date - and that day will soon be upon us. Words: 590

Nouriel Roubini thinks things could get bad after the U.S. presidential elections in November, so bad that the Fed may not be able to prevent the next stock market plunge, and may even go so far as to buy stocks to keep things afloat at some point. Read on to find out what else Dr. Doom thinks might be in store for us.] Words: 310

For the first time in recent history, the average Canadian is richer than the average American. According to data from Environics Analytics WealthScapes published in the Globe and Mail, the net worth of the average Canadian household in 2011 was $363,202, while the average American household’s net worth was $319,970. [In addition,] Canada’s unemployment rate...[has fallen to] 7.2%, and America’s [remains at] 8.2%. Canada continues to thrive while the U.S. struggles to find its way out of an intractable economic crisis and a political sine curve of hope and despair. Words: 805

...[In spite of the fact that] our economy is still struggling to regain its strength [as a result of] stubborn unemployment and sluggish growth at home combined with a slowing China and a dysfunctional eurozone have cast a dark shadow on America’s eternal optimism....I believe there is nowhere else in the world where opportunity abounds and initiative is rewarded as it is in the U.S.A.. [This is confirmed by] the findings of IMD's annual World Competitiveness Yearbook which surveyed more than 4,200 international executives as to how well countries manage their economic and human resources to increase prosperity. Of the 59 ranked economies in 2012, the U.S. ranked 2nd. Words: 734

...[In spite of the fact that] our economy is still struggling to regain its strength [as a result of] stubborn unemployment and sluggish growth at home combined with a slowing China and a dysfunctional eurozone have cast a dark shadow on America’s eternal optimism....I believe there is nowhere else in the world where opportunity abounds and initiative is rewarded as it is in the U.S.A.. [This is confirmed by] the findings of IMD's annual World Competitiveness Yearbook which surveyed more than 4,200 international executives as to how well countries manage their economic and human resources to increase prosperity. Of the 59 ranked economies in 2012, the U.S. ranked 2nd. Words: 734

The Heritage Foundation just put out a report full of charts and infographics highlighting "key economic and political indicators for Asia." Here is one to watch – China's foreign investment spending in other countries. Take a look!

The Heritage Foundation just put out a report full of charts and infographics highlighting "key economic and political indicators for Asia." Here is one to watch – China's foreign investment spending in other countries. Take a look!

Canada's housing prices continue to escalate [there has been no housing collapse as there has been in the U.S., Spain, U.K., Australia and elsewhere over the past 4-6 years] but concern is rising as to whether they are now, finally, 'in a bubble' and about to correct either modestly or severely. This article discusses what would cause a change in direction in Canadian housing prices. Words: 500

The July 2011 Consumer Price Index for Urban Consumers (CPI-U) released yesterday puts the June year-over-year inflation rate at 1.66%, which is less than half the 3.82% average since the end of the Second World War. That being said the ShadowStats Alternate annualized rate of inflation is 9.26%. [Which is more accurate?] Words: 384

The July 2011 Consumer Price Index for Urban Consumers (CPI-U) released yesterday puts the June year-over-year inflation rate at 1.66%, which is less than half the 3.82% average since the end of the Second World War. That being said the ShadowStats Alternate annualized rate of inflation is 9.26%. [Which is more accurate?] Words: 384