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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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