Yearly Archives: 2015

Government Debt

The government of B.C. just tabled another balanced budget. Finance Minister Mike de Jong’s latest budget projects a surplus of $284 million for 2015-2016. 🙂 This means B.C.’s $63 billion public debt is slowly being paid down. B.C. may be the only province in Canada to avoid falling into deficit amid plunging oil prices. But there’s something else that the… Read More »

Wharton School’s Financial Quiz

A new study by the University of Pennsylvania’s Wharton School found that adults in many countries make money decisions with surprisingly little financial knowledge. Researchers asked people in 18 countries THREE simple financial literacy questions about interest rates, inflation and investing. When Americans over 50 years old were asked these 3 questions, only 50% could answer the first two questions correctly. Furthermore, just 33% knew the correct answer to… Read More »

cupcake

By | 02/10/2015

    break space in here.   [spreadsheet https://docs.google.com/spreadsheets/d/1M-2cd-X2cTRVgt_Fe8jZvZ5DA5BmyXbw26qQ9UtXumI/edit?usp=sharing 830 1200 ] [spreadsheet https://docs.google.com/spreadsheets/d/1M-2cd-X2cTRVgt_Fe8jZvZ5DA5BmyXbw26qQ9UtXumI/edit?usp=sharing 830 1200 ] dd https://docs.google.com/spreadsheets/d/1A5YdTtGnwEdpGThGg_8Amvh-LgFSuNEu27rAOKhcGms/edit?usp=sharing https://docs.google.com/spreadsheets/d/1A5YdTtGnwEdpGThGg_8Amvh-LgFSuNEu27rAOKhcGms/pubhtml https://docs.google.com/spreadsheets/d/1A5YdTtGnwEdpGThGg_8Amvh-LgFSuNEu27rAOKhcGms/pubhtml?gid=0&single=true d

Debt Leads to Growth – How Monetary Policies Work

By | 02/06/2015

How Money is Created For a country’s GDP to grow there needs to be economic expansion, which means people must earn and spend more money. But in order for additional money to exist somebody has to create it first. That’s where you and I come in. 🙂 Money is created whenever we borrow money from a bank. When we take out a… Read More »