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From a Nobel contender, a red flag for homeowners – and regulators Add to ...

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Among the contenders for this year’s Nobel Prize in economics was a Yale University professor named John Geanakoplos, whose work focuses on what’s known as “the leverage cycle.” While he didn’t win the prize – it was awarded Monday to a Finnish and British team – the fact that Mr. Geanakoplos attracts this level of critical acclaim should serve as a wake-up call to Canadian homeowners.

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