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Olduvai III: Catacylsm
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Canadian Household Debt-to-Income Ratio Near Record High

Canadian Household Debt-to-Income Ratio Near Record High “Households with elevated levels of debt are more vulnerable to increases in interest rates”, the Canada Mortgage and Housing Corporation redundantly observes in its latest bulletin and warns that “with interest rates on the rise, highly indebted households could see their increased required payments exceed their budgets.” Naturally, […]

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“Canada Is In Serious Trouble” Again, And This Time It’s For Real

“Canada Is In Serious Trouble” Again, And This Time It’s For Real Some time ago, Deutsche Bank’s chief international economist, Torsten Slok, presented several charts which showed that  “Canada is in serious trouble” mostly as a result of its overreliance on its frothy, bubbly housing sector, but also due to the fact that unlike the […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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