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General

The Venezuela edition of the “imports will kill’ya”

Posted January 30, 2015 by Ian Welsh

So, the New York Times has an article on how Venezuelan stores are running out of basic goods, because they import so much, and with the drop in oil prices, they don’t have enough hard currency to buy what they need. Repeat after me for the 100th time, “all resource booms end.” All of them.  […]

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Europe

Syriza wins in Greece: what it must do

Posted January 25, 2015 by Ian Welsh

It would have been better if they won last time, Greece is pretty fully looted now.  But Greeks thought they were Europeans, and didn’t realize the contempt that French and Germans had for them, and how willing they were to kill and impoverish large numbers of them. There is a great deal of hand-wringing in […]

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Canada

Dutch Disease

Posted January 19, 2015 by Ian Welsh

In light of the troubles the oil price collapse is causing Canada let us revisit the issue of Dutch Disease and explain how the Canadian economy worked for over a 100 years until Prime Minister Harper’s conservatives, by overly favoring resources and letting the Canadian manufacturing be terribly damaged, effectively ended the Canadian mixed economy. […]

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Allan's Perspective

You’re a million dollar baby!

Posted November 18, 2014 by Allan W Janssen

Dear Readers: Let this be a warning to be very careful where you go on vacation, and then make sure you have proper insurance! A dream vacation has turned into a financial nightmare for one Saskatchewan couple, after a mom-to-be gave birth while on holiday in Hawaii. Jennifer Huculak and her husband have been saddled […]

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