Although today’s article in the Globe and Mail might not make me popular in my native land, I think a housing crash might not be such a bad idea for Canada – and indeed most anywhere for that matter. It was a big mistake to ever sell housing as a good investment. First off, it…
On December 13, South Africa’s embattled president, Cyril Ramaphosa, survived a vote in Parliament on whether to impeach him over misconduct allegations. Less than a week later, on December 19, he won a second term as head of the ruling African National Congress (ANC). It was a remarkable turn of fortunes for a leader who,…
In a column published yesterday in the Globe and Mail, I argue that the low price rises of the past three decades were achieved on the back of globalization and the cheap labour it made available. That trend is now reversing, and that is largely a good thing. This week’s U.S. and British inflation reports…