Business

Authored by Steve Saretsky via VanCityCondoGuide.com,

The HELOC (Home Equity Line of Credit) has been a blessing and a curse for Canadian households. While it has helped spur house prices and simultaneously provided consumers the ability to tap into their new found equity, it has also crippled many Canadian households into a debt trap that seems insurmountable.

Between 2000 and 2010, HELOC balances soared from $35 billion to $186 billion, according to the Financial Consumer Agency of Canada, an average annual growth rate of 20%.

Authored by Erik Norland via CMEGroup.com,

Once upon a time, the chart below would have resulted in value investors loading up on short positions, or at the very least moving money to the sidelines, while poking fun at the 'momo' crowd for once again convincing themselves that "this time is different" as they chased equities ever higher. 

Alas, as Bloomberg points out this morning, this time around it seems that even the most famed value investors, including Jeremy Grantham, have decided to throw in the towel on their bearish bets.

In light of the recent "blockchain" naming craze, this morning we said that the inevitable next round of corporate name changes would involve "JP Blockchain" and "Blockchain Sachs".

Round 2: JP Blockchain vs Blockchain Sachs

— zerohedge (@zerohedge) December 21, 2017

According to Michael Clark, a private weather forecaster, his latest report indicates a major winter storm is headed for the East Coast between Dec 20, 2017 through Jan 04, 2018...

As BAMWX.com notes, the pattern is about to change in a huge way and it may begin on #Christmas eve! Accumulating snow is on the table between Dec 24th-Jan 5th in a big way.