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Canada Debt Frenzy About to Crash?
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
mishtalk.com / Mike “Mish” Shedlock / February 20, 2016 7:00:45
In contrast to a small bit of deleveraging in the US following the great recession, credit expansion in Canada went into overdrive.
Will Canada’s debt frenzy stall, or will it implode?
Bloomberg reports Canada’s Credit Cycle Has Never Been This Desynchronized From the United States.
Canada has entered the very late innings of its super-charged private sector credit cycle, one that has completely decoupled from that of its largest trading partner, according to Macquarie Analyst David Doyle.
“Canada’s private sector nonfinancial debt to GDP ratio (includes household debt and non-financial business debt) has skyrocketed since 2005, rising by over 60 percentage points,” he wrote. “This is a greater magnitude of increase than occurred for the forty years prior (1965 to 2005).”
The post Canada Debt Frenzy About to Crash? appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/20/canada-debt-frenzy-about-to-crash/
