Stacy Summary: Oh boy, there was one Canadian who did the whole ‘stick to what you know’ shtick when I pointed out the numbers on income and prices in Canada suggested a bubble there, or at least in some parts of the country. Anyway, looks like others are also expecting a Minsky moment soon.
“. . . the OECD finds Canada has the highest consumer debt to financial asset ratio among 10 OECD countries, including the U.S.”
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