Canada's central bank downplays the risks of a financial crisis Published by Hilliard MacBeth on Nov 25, 2022 Canada’s private sector debt problem keeps growing larger. With private sector debt at about 230 percent of GDP, Canada has no room for error. And rising interest rates could force large numbers of mortgage borrowers into default, which could create a... Read more
The Bernanke Nobel Prize should have gone to a different economist Published by Hilliard MacBeth on Nov 18, 2022 Ben Bernanke, then-chair of the Federal Reserve, made his wrong prediction about real estate in a 2005 interview, just a year before the collapse in house prices in the US. The collapse in housing and subprime mortgages triggered the Global Financial... Read more
Canada faces a huge challenge with emission reductions Published by Hilliard MacBeth on Nov 10, 2022 Canada is about to hit the wall over CO2 emissions. Canada’s commitment to reduce by 290 million tonnes annually looks increasingly difficult to achieve. Canada is second only to Saudi Arabia in emissions of metric tons of CO2 per person, due to Canada’s... Read more
Tesla reports record production but there are hints of bumps in the road Published by Hilliard MacBeth on Nov 04, 2022 Tesla reports another record quarter of production but there are hints of some bumps in the road ahead. The company is generating huge amounts of free cash flow, even while building out two new factories. But a weak stock market and looming recession... Read more