Re:Most Canadians Are Now Better Off Than Most Americans
by bryanlarsen on Friday August 30, 2019 @03:01PM
(#20841540)
When the bubble bursts, the banks probably won't need bailing out, so that won't trigger a recession like happened in 2008.
But a huge number of Canadians being underwater on their mortgage will make for a drastic decrease in consumer spending, which may trigger a recession...
But a huge number of Canadians being underwater on their mortgage will make for a drastic decrease in consumer spending, which may trigger a recession...