Keen’s description: “Below is the talk I gave to the Canadian Centre for Policy Alternatives on the Debt Bubble and its implications for Canada. I cover my Minskian analysis of the Depression in general, and conclude with data on the Canadian economy. The mortgage acceleration data in particular implies that the Canadian house price bubble–which is not as big as those in Australia, the USA or the UK–is close to being over.” H/T: valueinvestingworld 'Get...
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SLM Corp (NASDAQ:SLM), better known as Sallie Mae reported earnings on Wednesday, which beat expectations but were not great. The student loans broker reported first quarter profit fell to $112 million or $0.21 share. The good news is that core earnings were up to $283 million or $0.55 a share. The company released this statement about its earnings release, “The improvement in core earnings was primarily the result of a $50 million decline in loan...
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Federal Reserve Chairman, Ben Bernanke was summoned to Capitol Hill this morning give Congress and update on the economy and any potential roadblocks in the way. Lately, whenever Bernanke speaks the market reverses course lower or continues lower and that is just what happened today. Gold and silver are taking Bernanke’s speech the hardest, both down 4% and 7% respectfully. The Fed Chairman says that raising oil prices could temporarily raise inflation. However, he...
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