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Tag Archives: Department of Finance

Bank of Canada Governor Is Right To Be Worried About The Economy

  Bank of Canada Governor Is Right To Be Worried About The Economy Written by Peter Diekmeyer, Sprott Money News       Bank of Canada governor Stephen Poloz cited numerous worries plaguing the economy during his speech to Toronto’s financial elites yesterday at the prestigious Canadian Club. However, the title of Poloz’s presentation, “Three things keeping me awake at night” seemed odd, given positive...

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California Governor Jerry Brown Admits To $1.5 Billion “Math Error” In State Budget

Budgeting can be difficult, particularly for expansive state budgets that require a ton of inputs to support 1,000s of line items each of which can result in massive variances depending on the development of various economic indicators like interest rates, commodity prices, etc. throughout the year. That said, while forecasting variances are inevitable, we, as taxpayers, generally rely on our expensive budget office employees to at least present annual budgets that reflect sound mathematics...

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Why Social Security Is Doomed: “Birthrate At Lowest Level On Record”… And the Future Is Unfunded

Submitted by Mac Slavo via, Here’s more evidence that the “recovery” never really happened, and good reason to think that the entire social safety net structure is doomed to fall apart. The birthrate, long tied to economic growth, has been dropping to its lowest point in recorded history – both nationally and, in particular, in the state of California. This demographic shift is bad news for the economy – in terms of housing, consumer markets, and...

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