How to face a ‘Greater Depression:’ with a government of national unity.

Dr Nouriel Roubini is a world-famous economist. He is Professor of Economics at New York University's Stern School of Business and Chairman of Roubini Macro Associates. He was Senior Economist for International Affairs in the White House’s Council of Economic Advisers during the Clinton Administration. He has worked for the International Monetary Fund, the US … Continue reading How to face a ‘Greater Depression:’ with a government of national unity.

I not sure which …

... inspires less confidence as the world faces a global pandemic ... ... the disconnected buffoon at the head of the United States' government, or ... ... the manchild prime minister and the team of dimwits (Canada's Chief Public Health Officer Theresa Tam excepted, of course) in his cabinet. What on earth did the peoples … Continue reading I not sure which …

Trudeau’s best hope

John Ibbitson, writing in the Globe and Mail, warns that "Financial crises can benefit a party in government, if voters decide the leader is capable and committed ... [as they did, he says, with only Jean Chrétien and Stephen Harper over the last 65 years] ... More often, they’re a political disaster ... [and, he … Continue reading Trudeau’s best hope

Thumb on the scales (2)

Back about six months ago I accused the Trudeau-Freeland Liberals of having their figurative thumb on the scales of electoral politics as ministers crisscrossed the country in the pre-writ period, making spending announcements with great fanfare, when government departments and political parties are forbidden to advertise. Now I see, in an article in the Globe … Continue reading Thumb on the scales (2)

Prognostications (2)

The Economist says that economic expansions, like the decade-long one that we have enjoyed, "are most often killed off by rising interest rates or financial crashes—surprises that cause economy-wide demand for goods and services to fall. Rarer is the supply-side recession in which economies are deprived of their productive capacity. Not since the oil-price shocks … Continue reading Prognostications (2)

The Throne Speech

Remember just a couple of months ago? The mainstream media, in the summer and, especially during the election campaign in September,  when the Globe and Mail said "with an economy that’s generally healthier than how he found it, despite large deficits, Mr. Trudeau can still craft a message of stability and prosperity for the “middle … Continue reading The Throne Speech

Disappointing, but I wish them well

So, the new Trudeau cabinet is here: Chrystia Freeland becomes Deputy Prime Minister and Minister of Intergovernmental Affairs; and then, in alphabetical order Anita Anand, a new entry to cabinet, becomes Minister of Public Services and Procurement; Navdeep Bains becomes Minister of Innovation, Science and Industry; Carolyn Bennett remains Minister of Crown-Indigenous Relations; Marie-Claude Bibeau remains … Continue reading Disappointing, but I wish them well