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GDP Growth Slows in US and Canada

*Note: Data compiled from RAND California unless otherwise indicated. The US Department of Commerce released  Quarter 1 2012 GDP data and the American economy saw an expansion of 2.2%. Expectations pegged growth closer to 3% so 2.2% was in fact under estimates...

Canadian Market Volatility Explained

Not long ago a bank teller and I got into a conversation about hair. She asked me: What can I do to have nice hair? Mine is falling out and it’s thin. I told her make sure to eat enough protein and vitamins, giving her examples of some foods she could eat. Then she...

2011 California Housing Foreclosure Rates

As 2011 rounded out the foreclosure data for California, the largest state by population emerged. The results were tepid. Any significant decline in foreclosure rates was not observed. However, that doesn’t mean year over year the numbers are dropping slowly....

Current Account and Devaluation of Currency

Q. Why/How may a drastic fall in the current account lead to a devaluation of a currency under a fixed exchange rate system? A. A drastic fall in the CA may lead domestic policy makers to move for expansion of domestic output in an attempt to increase exports or have...

Old Age Security Cheques Slated to Arrive at 67

A new problem has reared its head in Canada that surrounds proposed changes regarding when one receives Old Age Security (OAS) cheques. As of now if you’ve never put any money away (which is unequivocally a method to wind up on the streets when you hit 65)...

Q. Are there other ways to create money?

User artp posted this question in the forum and now it’s being republished here. As I read (mostly in The Economist) about the current economic crisis the more I become convinced it is partly a breakdown in the way our economy creates money. This leads to the...
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