Canadians now have taken on large amounts of debt and with interest rates so low, home sales presses on. However, it is not just mortgage debt that Canadians have added to their balance sheets, credit card and line of credit debt has been soaring as well. This basically is a recipe for a disaster similar to what happen in the United States running up to 2008 economic crash to happen to Canada in the future.
Archive for the ‘Debt Management’ Category
Living With Debt – Canadian Debt Problem
Wednesday, June 15th, 2011Economy and Stock Market Turning Down – QE3 is Inevitable
Friday, June 10th, 2011I’ve been anticipating the U.S stock market decline for a while now and this week the Dow Jones industrial average declined below 12,000.
I believe there is more downside coming in the near future. My initial assumption was that this decline will start near the end of June, however with markets it is always difficult to know when it will actually happen.
Spain Spirals Into Protest and Violence
Saturday, May 28th, 2011All over Europe there is upheaval. As the European union is starting to break down because of massive debts in countries such as Portugal, Italy, Greece and Spain (PIGS). Basically the government of those countries has mis-managed the peoples money, tax payers money and now severe government spending cut backs have to be implemented and the people are the ones to suffer.
Raise Debt Ceiling Or Face Default – United States Has No Funds, Needs To Print More Money…Again!
Sunday, May 15th, 2011
On Monday, the U.S. government will hit the $14.294 trillion debt ceiling established by Congress and will have to decide and approve more borrowing, either from other countries or by printing more U.S dollars. The bottom line is America is completely broke, the U.S Government over the last 30 years has absolutely mis-managed the U.S taxpayers money.
Woman Lives in New York’s Smallest Apartment – Making It Work
Friday, April 8th, 2011Professional writer and organizer Felice Cohen makes things work living in New York’s smallest apartment that is close to all amenities and only blocks from Central Park. She lives by the philosophy of “Don’t Aquire What You Can’t afford”, which I think is great. People buy and collect too much “crap” these days and it just piles up. Watch the video it’s cool.
End of Easy Debt — The Middle Class Will Beaten Up (Debt Supercycle)
Wednesday, April 6th, 2011The world is coming to the end of a 50-year debt supercycle, John Mauldin says, and the reduce government spending to do the right financial thing will hurt ordinary Americans.
Don’t be fooled by idiots so called experts out there that say there will be no double dip recession. Basically they are just leading the last sheep into the slaughter (into the stock market). I’ve prepared for the next crash (within the next few years) with Horizon downside ETFs (Traded on Toronto Stock Exchange) on the Nasdaq, S&P 500 and TSX.
Gold, Silver To Go Higher Due To Gov Money Printing
Wednesday, April 6th, 2011Eric Sprott talks about gold and silver prices, governments and his physical silver fund.
As I already suspected, Gold and Silver is not a bubble simply because the U.S Government and European Governments keep printing money. Fiat currency may collapse and become worthless…like the U.S dollar’s recent declines and also because of the fact that the world lose confidence in the United States and not buy its treasuries. Once that happens the U.S will not have any money left to run the Government and social services and will need to print more thereby collapsing currency even more (viscous circle).
Once Celebrated Micro-Loans In India Now Causing Big Social Problems
Tuesday, April 5th, 2011
A few years back micro loans was celebrated as empowering poor population in India, to take risk in starting a small personal business thereby bettering the lives of community. This all sounds good in theory and practice, but as with anything involving
debt the results aren’t usually according to plan.
Building Permits In Canada Drop 5.1% in January
Tuesday, March 15th, 2011
Here’s an article from earlier this month about Canada’s real estate market. The building permits dropped 5.1% at the beginning of 2011. Real estate analysts was expecting an increase of 0.7 per cent in the seasonally adjusted figure, but the permits dropped instead.
The value of nonresidential permits fell by 13.3 per cent for 3 months straight to the lowest level since February 2009. Residential permits was down by 0.9 per cent from December on a 17.5 per cent fall in multifamily homes and the value of permits for single-family dwellings rose by 12.2 per cent to their highest level since April 2010.
The Tale of Two Singhs, BMW Makes Me A Big Shot – Living Beyond Your Means
Friday, February 25th, 2011
Back in year 2003-2004 I worked at an enterprise technology company and was part of the outside sales team. There was two individuals that worked on the inside sales team…basically the group that offered sales support. The first guy let’s call him N. Singh and the second guy let’s call him J. Singh. These two individuals are real, NOT fictitious and it just so happens by coincidence that their last names are both Singh. They are also not related.
