The debt expansion is relentless. It’s absolutely mind boggling in the US. As for Canada, there are no words invented yet to describe it. Do you personally see people going into excessive debt to finance their lifestyle?
Debt can’t be erased. It can’t be covered up. You can sweep it under the rug but eventually that policy will haunt you. Even Janet Yellen is shaking it up in the news recently agreeing with these facts. Central banks can’t buy the debt without causing a hyperinflation. There’s simply no way around it. So it looks like we’re in for some real pain ahead.
House-hunting in Silicon Valley: tech’s newly rich fuel a spectacle of excess | US news | The Guardian
Olshan Realty | Manhattan Luxury Residential Market
Half of Older Americans Have Nothing in Retirement Savings
Drowning in debt, freaked out Canadians brace for a reckoning – BNN Bloomberg
As bankruptcies edge up, Poloz personally responds to Canadians’ concerns | CTV News
JPMorgan Reportedly To Cut Hundreds Of Jobs In Asset And Wealth-management Unit | Markets Insider
Yellen Says She’s ‘Not a Fan of MMT’ as List of Detractors Grows – BNN Bloomberg
Yellen says Fed purchases of stocks, corporate bonds could help in a downturn | Reuters