Josh Sigurdson talks with author and economic analyst John Sneisen about the recent poll showing Canadians are dramatically cutting back their spending on extras AND essentials due to rising interest rates. The online survey of 2,003 people by Manulife Bank shows that 27% cut back on entertainment such as movies and bars, 17% put more…

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Josh Sigurdson talks with author and economic analyst John Sneisen about the recent news out of Japan as Japanese bankers make private complaints against the Bank of Japan regarding their purchase of corporate bonds at negative interest rates. The bankers are demanding they stop this practice. Since February, the Bank of Japan has continuously bought…

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Josh Sigurdson reports on the latest news out of Deutsche Bank as the bank suffers its worst Q2 since the financial crisis. We have previously reported on Deutsche Bank looking to lay off 10,000 employees as well as being downgraded by the S&P from A- to BBB+. We’ve also talked about their failure to pass…

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Josh Sigurdson talks with author and economic analyst John Sneisen about the most recent Yuan crisis as we seen signs that the Chinese Yuan is heading towards an even bigger devaluation than it saw in 2015. We recently saw a two handle plunge in offshore Yuan. Chinese officials appear to be alright with the pace…

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Josh Sigurdson talks with author and economic analyst John Sneisen about a story that is not being picked up by the media at all. A story coming out of the notorious, yet beautiful island country of Cyprus. We all remember the former banking crisis in Cyprus which lead to bail-ins, bailouts and vast poverty. Well,…

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Josh Sigurdson talks with author and economic analyst John Sneisen about the destruction caused by Hurricane Irma and the long term effects involved. Barbuda, St. Bart and St. Martin have been hit worse than anyone else, with 95% of these island territories destroyed. Puerto Rico wasn’t hit AS hard, but it’s seeing what may be…

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Josh Sigurdson talks with author and economic analyst John Sneisen about the most recent news out of Zimbabwe as the country falls into further chaos following massive demonstrations in the streets against the new President, Emmerson Mnangagwa. Ten years ago, Zimbabwe faced a massive hyperinflationary event creating hundreds trillionaires out of the homeless. Of course,…

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Josh Sigurdson talks with author and economic analyst John Sneisen about the most recent crisis at Deutsche Bank. The bank just had to lay off 10,000 employees. That’s 1 in 10 employees! Under the current “restructuring plan” at Deutsche Bank, the S&P just downgraded the bank’s credit rating to BBB+ from A-. The Federal Reserve…

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Josh Sigurdson talks with author and economic analyst John Sneisen about the growing pension bubble and why it may burst sooner than later. In the most recent news, state pensions are at risk of crashing. According to a recent study by The Pew Charitable Trusts, the risk of a collapse is massive if the economy…

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