$1 Billion Security Bill For Canada

$1B Security Bill Cost
Finance Minister Jim Flaherty says the $1 billion security bill for the G8 and G20 summits is just the cost of doing business if Canada wants to be a leading country on the world stage.

The Upcoming Crash

Newsnight 26th May: Hugh Hendry

Europes Debt

German President Koehler Quits

German President Koehler Quits
German President Horst Koehler says he is resigning immediately, following criticism of remarks he made about German military deployments abroad. He said that for an export-orientated country like Germany, it was sometimes necessary to deploy troops "to protect our interests... for example free trade routes".

Ron Paul: Greece Is Just The Beginning

US Debt Clock

Canadas Housing Bubble

Nearly 20% of Homes Overvalued
Seventeen percent of Canadian homes are overvalued, CIBC warned Tuesday, with a 5 to 10 percent price correction likely to hit in the next two years.With higher interest rates likely to make housing less affordable in the coming years and the market beginning to show signs of cooling, prices are "probably" going to fall back as homeowners are increasingly cautious about how they spend their money."The most likely scenario is that higher interest rates will lead to a modest decline in prices in the coming year or two," economist Ben Tal wrote in a report.

Roubini on State Debt

State of Canadian Household Debt

Where Is the Money Now: The State of Canadian Household Debt