Published by Hilliard MacBeth on Sep 25, 2020
The optimism about the Canadian economy that appeared in late spring and continued into the summer was created in part by generous government income support and payment deferrals. Now that complacency will be tested as the mortgage deferral cliff, the... Read more Published by Hilliard MacBeth on Sep 18, 2020
The number of zombie companies is increasing exponentially. As Japan learned in the 1990s, a predominance of companies that cannot pay their debts is bad for the economy. Central bankers kept interest rates unusually low, helping firms stay alive that... Read more Published by Hilliard MacBeth on Sep 11, 2020
Monetary policy, as practiced by central bankers around the world, has been ineffective for most of the last decade and longer. In the current crisis, their traditional toolkit, which focuses on manipulating interest rates, has failed. Is there more that... Read more