Base

Every year, roughly $1 trillion in "hot money" flows illegally out of developing and emerging economies due to crime, corruption, and tax evasion growing at an average rate of 6.5% annually (and at an 8.6% clip in Asia). China, Russia, Mexico and India lead the way as depicted in the following infographic.

Huge skyscraper projects have historically coincided with the beginnings of economic downturns. In economics-speak, a record-breaking skyscraper may be a leading indicator of a downturn.

There are very few people over the generations who have had ideas that are sufficiently original to materially alter the direction of civilization. Milton Friedman was one of those very few people. Below are his views on governments, free trade and drugs.

Test your knowledge of Canadian history with our online quiz. If you score 21 out of 21, it states 'You deserve the Order of Canada'!

Owning gold is saving, which by definition is civilized, i.e. NOT barbarous. Debt, on the other hand, is the exact opposite. It is a lack of savings that shows a complete disregard for the future.

A significant rate hike would...adversely affect the country's GDP, stock markets, bonds, government revenue, U.S. denominated debt and the U.S. dollar itself. Because of that, I don't think we will see a significant rate hike. Let me explain.

When it comes to investing, the first rule thing you need to learn is effective management of your emotions. It is impossible to eliminate the impulse to act when euphoria or panic are in the air yet, while you cannot eliminate the emotion that pushes you to react, you can control your reaction. You can choose to run with the herd or fight panic and stand aside while the herd stampedes... Below are 8 additional rules of investing from a contrarian point of view.

This week the important and concerned persons of the world, under the auspices of the UN, will converge on Paris to demonstrate their desire and commitment, on our behalf, to save the planet from the ravages of abuse by us humans. Here's what George Carlin had to say about "saving the planet" in an hilarious video.

Each year we score countries on how corrupt their public sectors are seen to be by capturing the informed views of analysts, business people and experts in countries around the world. The resultant Corruption Perceptions Index sends a powerful message and governments have been forced to take notice and act. How does your country score?

Believe it or not, the keynote speaker at the recent International Economic Symposium was none other than the straight talking Gustavo Laframboise-Pierre, Global Director of Statistical Creation at the European Central Bank. What he had to say goes a long way in explaining how the word ‘truth’ has become nothing more than a hollow collection of 5 letters with no meaning.