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Showing posts from July, 2014

Paying mortgage faster

An article about Canadian problems regarding mortgage, but advice is international though http://www.cbc.ca/news/business/paying-off-your-mortgage-faster-can-pay-huge-dividends-1.2719753

However, in Canada the level of household debt relative to disposable income was a near record 163.2% this year. That means majority of people just don't have money to implement the strategies outlined in the article.

Seafood Chowder with Bacon and Corn

This delicious soup is a good idea for dinner or lunch in cold weather. Also it's a good way to convince children to eat fish by disguising it with other seafood that they prefer more.



A while ago I cooked a chowder using the following recipe http://notwithoutsalt.com/chanterelle-chowder-with-bacon-and-corn/, however I couldn't find raw chanterelle mushrooms here in Sydney and therefore used normal mushrooms instead. It was also very tasty, but I thought to cook seafood this way as well.

So I had to modify the original recipe to adapt for seafood instead of mushrooms.

Here's how it looks.

Seafood Chowder with Bacon and Corn

Serves 4 for two days or 7-8 people one off

Ingredients:

250 grams diced bacon
1 onion, diced
1/2 large bulb fennel, diced
4 garlic cloves, sliced
1 tablespoon miso paste
4 cups prawn or fish stock
2 cups cubed yellow potatoes (3 medium/large)
1 can corn kernels
1 1/2 cup pure cream
mixed raw seafood about 700-900 grams (I usually get 400 grams of fish fi…

Documentary "Four Horsemen" - Review

Have recently watched "Four Horsemen" - documentary on current global economic issues. It was interesting, because I have recently read a book Confessions of an Economic Hit Man by John Perkins who is also featured in the documentary.



What I found is that though the general idea towards "greater good" is natural, the ways how issues are explained in the movie and the reasons and solutions that are briefly outlined are not consistent sometimes with either logic or obvious observations.

33:00 - The narrator states that the inflow of lending money into the housing market led to an unprecedent inflation. "House prices rose and rose."
This completely satisfies the classical economic theory that guys just praised a bit earlier in the video.
Because interest rates were low and people borrowed more and more to buy properties.
But is it not because there is always a demand for property? People have to live somewhere.

At 33:40 Prof. Simon Johnson (former IMF Chief…