Antagoniste


8 octobre 2009

Fiasco financier Économie En Vidéos États-Unis Récession

Johan Norberg était de passage dans les bureaux du Reason Magazine, pour discuter de son plus récent livre: Financial Fiasco: How America’s Infatuation with Home Ownership and Easy Money Created the Economic Crisis.

A loose monetary policy that created lots of cheap money, government interventions into the housing market, and the hubris of Wall Street firms deemed « too big to fail » combined to send the world economy into a tailspin, argues Swedish author Johan Norberg.

Reason senior editor Michael C. Moynihan sat down with author Norberg to discuss his latest book Financial Fiasco: How America’s Infatuation with Homeownership and Easy Money Created the Economic Crisis, an overview of what caused the current financial crisis (and what did not) and how politicians of all parties and all ideologies helped make the problem much worse.


8 octobre 2009

Train à grande dépenses… Économie Québec

TGVLe Québec est retourné en déficit et le gouvernement a déjà laissé entendre qu’il entendait refiler la facture aux contribuables. Pendant ce temps, ce même gouvernement planifie la construction d’un train à grande vitesse (TGV) dans le corridor Québec-Windsor.

Les TGV sont présents dans près de 20 pays et leurs rails couvrent plus de 17 000 kilomètres. Pourtant, on retrouve uniquement 2 lignes de TGV sur la planète qui sont profitables: la ligne Tokyo/Osaka et Paris/Lyon.

Compte tenu de l’état des finances publiques croyez-vous vraiment que le Québec a les moyens de se lancer dans une pareille aventure ?


8 octobre 2009

L’État prépare la prochaine crise… Canada Économie Récession Revue de presse

National Post

Canadian household credit ‘is defying gravity’
National Post

Household credit is growing at a year-over-year rate of more than 7%, the fastest seen in any economic recession in the post-war era on an inflation adjusted basis, a new CIBC Capital Markets report shows.

« It’s all about affordability. During the first six months of the year, total debt rose by $44-billion but interest payments on debt fell by $3-billion, » Benjamin Tal, economist with CIBC, said in the report. « Household credit in Canada is defying gravity. »

The mortgage market alone has grown 7.8% in the past year, reflecting a strong rebound in real estate activity.

« Current activity reflects some utilization of pent-up demand as well as a realization by home buyers that this window of low interest rates will not last forever, » he said. « In many ways, we are stealing activity from 2010 and 2011. »

Overall household debt also rose 3.4% in the first half of the year while disposable income fell 0.2%.

Also, the bad debt rate in credit cards has jumped 30% since early 2008, to 1.2%. While consumer credit has increased 7%, the number of consumer loans in major arrears has also risen to 1.7% from 1.4% in late 2008.