Interest Rates and the Economy

So What Happens in the Next Recession?

I’m not a macro economist by any stretch of the imagination and yet I cannot help wondering what is going to happen in terms of policy response the next time Canada goes into a downturn.  It is not a question of whether there will be another recession, only when. By policy response, I am of cour ...

OTPP's Barbara Zvan on Managing Risk?

This morning I had a chance to speak with Barbara Zvan, Ontario Teachers' Chief Risk & Strategy Officer. You’ll recall I spoke with Barb last month when I covered Canada's new pension hub, but I asked her if we can cover risk management in a separate topic and she graciously accepted to speak wit ...

The Theoretical Incoherence Of Full Employment Arguments

One quite often runs into arguments that rely on assuming full employment, and then relating that policy decisions. In my view, such arguments are fundamentally weak; we need to refer to actual model results to discuss policy. In this article, I explain why an attempt to apply a NAIRU argument to a ...

Three macro trends to be thankful for

This week marks Thanksgiving in America. This coming Thursday we will break bread and devour turkey with family and friends and, most importantly, take time to show gratitude for that which is good in our lives. The act of showing gratitude and giving thanks is a universal concept and one that I wo ...

A TFSA to protect against an apocalypse

Trevor Bonnici AGE: 47PLACE: TorontoTFSA TOTAL: $47,895STRATEGY: a portfolio that protects against hyperinflation and maintains his purchasing power TFSA Holdings Gold 25% Mawer Global Bond Fund 35% 1 to 5-year TIPS VTIP ETF 10% Polar Long/Short Fund (POL202) (small- to mid-cap Cdn. e ...

8 ways to start the home-buying process

Real estate isn’t just a place to live anymore, it’s now an integral part of your financial plan. But that doesn’t mean you should get in at all cost. To make it work, you need to consider the purchase of a home as part of your overall financial plan. To help you stay on track, here are ...

Don’t sell out when markets you stress out

  The stock market is going to take a hit.  This we can say with confidence. Will it be a right jab, easily shaken off?  Or will it be a full-on body blow that leaves you prone, on the mat, panting, bloodied and humiliated? A sell-off is coming.  We don’t know how severe it will be, what wil ...

A Conversation with David Swensen?

Janet Lorin and Christine Harper of Bloomberg report, Yale's Swensen Sees Low Volatility as `Profoundly Troubling':David Swensen, Yale University’s longtime chief investment officer, said the lack of market volatility in the current geopolitical environment is a major concern and warned that anot ...

Currency outlook: Expect further U.S. dollar weakness

The Canadian dollar appears to have peaked for the moment as the BoC has become concerned about the impact of a stronger Canadian dollar on the economy. Recent growth has slowed from the breakneck pace of the second quarter allowing the BoC to wait for further information on the impact of its two r ...

How to boost your retirement income by 50%

Flickr If you were told there was a way to boost your income in retirement by 50% it would no doubt get your attention. It certainly got my attention, in a paper in a recent issue of the Journal of Retirement. The paper was co-authored by one of MoneySense’s panelists for the annual ETF All St ...