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Credit Liquidity is the Problem

October 30, 2008 The Economy

The real driver (such as it is) of the current American and global recession is the lack of available credit. It was Benjamin Tal from CIBC who pointed out that Ben Bernanke, the chariman  of the US Federal Reserve is a student of the Great Depression. His diagnosis, (via Ben Tal, which I agree with), [...]

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Canada’s Real Estate Market Won’t Meltdown

October 4, 2008 The Economy

Benjamin Tal, who I’ve discussed before after his July 2008 presentation on the state of the Canadian and US economies to the Real Estate Investment Network, was finally quoted in some good context in a CBC article. (Hat tip to Gary McGowan and Don Campbell on myREINspace) It’s nice when the mainstream media publishes something [...]

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