Research & Commentary

Britain looks increasingly vulnerable to debt deflation. As the majority of Britons excitedly followed England’s progress in the World Cup during the warm weather of June and July, many of them would have been buying barbeques, food and beverage on credit card. As they enjoyed their parties, quite a number may have been thinking of […]

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Across the board, bond markets are flashing advance warning The old saying about “a thief in the night” applies to deflation. It arrives when almost no one expects it. Learn why the onset of deflation might be a lot closer than most observers realize. Click here to enter your email address to get your email […]

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Credit has never been easier to come by. Watch out for deflation. According to credit bureau TransUnion, personal loans in the U.S. rose 18% in the first quarter of 2018 to $120 billion. The main conduit for the increase has come from so-called FinTech companies — firms that conduct borrowing and lending operations without the […]

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Keep an eye on northern Europe. A storm may be brewing. In the far north of Sweden, the sun doesn’t set at all in June, but the region is in complete darkness during January. The northern hemisphere has just passed over its solstice and daylight will now dissipate for the next six months. The Swedish […]

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The UK has passed a milestone towards a cashless society. Should we be worried? “Turnover is vanity, profit is sanity but cash is king.” So goes the age-old business proverb. Throughout the ages, the measure of whether an entity can ultimately operate as a going concern gets down to cold, hard cash. Of course, cash-in-bank, […]

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Canadians are reducing their debts. Is that good or bad? Canada’s debt-to-disposable income ratio declined by the most on record in the first quarter of 2018. It fell to 168% from 169.7% the previous quarter, and down from a record 170% in the third quarter of 2017. Mortgage borrowing is the lowest in four years, […]

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