Canada Faces Impending Minsky Moment as Housing Bubble Inflates with Open Immigration Strain… Household Debt Surpasses GDP.

Citizen Watch Report ^

[davikkm]

Canada finds itself perched on the edge of a substantial housing bubble, sustained by an open immigration policy straining the nation’s infrastructure. As the housing market remains inflated, experts warn of an imminent Minsky Moment, signaling potential economic instability. The situation is exacerbated by alarming statistics on household debt, which has surged past the country’s GDP and holds the highest percentage among G7 nations.

[toddausauras]

Trudeau is a cancer. The fact that he hopes to stay in power forever is so deeply offensive. He knows how hated he is but the 3 party system protects him. I wish nothing but complete catastrophe for him.

[Worldtraveler once upon a time]

---- "The situation is exacerbated by alarming statistics on household debt, which has surged past the country’s GDP and holds the highest percentage among G7 nations."

Put it on a credit card. Put it on a line of credit. What could possibly go wrong?

Debt Clock

Federal Budget Deficit Grew to $2 Trillion in FY 2023 Tax Foundation, 12 October 2023

U.S. Credit Rating Changed From ‘Stable’ To ‘Negative’ As National Debt Balloons Daily Wire, 11 November 2023

"Half of all American workers now make under $41,000 per year.

"That comes to $3,400 per month.

"Given the median rent is $1,978 and used car payment is $528, that leaves precisely $894 for everything else -- food, utilities, medical insurance and premiums, clothes, car repairs, sick kids, and that once a year dinner out at McDonald's."

Peter StOnge

[FrankRizzo890]

Take off, eh?

[butlerweave]

The Communist NDP are keeping Justin in power

[toddausauras]

They are. It’s awful.