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Marx & Schumpeter's Warning: Why Finance Has Become "Parasitical" to the Real Economy Understanding the Long Wave Cycles and Creative Destruction in Today's Economic Winter The Prophetic Critique That Still Defines Our Times π― In an era where financial markets reach record highs while manufacturing productivity stagnates, two of history's most influential economists offer a[...]
The "Era of Credit" is mathematically ending - here's what the data reveals about the 2030s transformation π Canadian household credit: 9,600% growth from 1970-2025 ($31K β $3M+). But the Rate of Change (ROC) tells the REAL story of momentum breakdown: π Peak Velocity (21%) - 1973 oil crisis π Massive crash to -28% by[...]
Β Β The New Home Price Index chart paints a clear picture: the Canadian real estate market seems stuck in a bearish cycle. As of December 2024, the latest data indicates a continuation of this downward trend, suggesting a sustained period of weaker demand and lower home prices. This trend is typical of a bear[...]
Canada's Perfect Storm: High Debt Service Ratios Meet Political Risk The latest Bank for International Settlements (BIS) data release for H2 2024 shows a concerning pattern for Canada's private sector Debt Service Ratio (DSR). At 24.9%, Canada's DSR towers above other developed economies, painting a picture of an economy increasingly vulnerable to financial and political[...]
Canada's Household Debt: The End of the Credit Era? The story of Canadian household debt over the past five decades reads like a cautionary tale. Recent data from Statistics Canada and the Bank of Canada paints a stark picture: Canadian households have embarked on a borrowing spree that has taken total household credit from a[...]