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Actually the BIS just had a report that put the Canadian banking sector as the riskiest, ahead of Greece. Most leveraged consumer in the world. I moved out; it'
by unlmtd 10y ago
Actually the BIS just had a report that put the Canadian banking sector as the riskiest, ahead of Greece. Most leveraged consumer in the world. I moved out; it's about to implode. If I was still there I'd raise some sheep. They're smarter than the legions of Govt educated 33x leveraged owners of the most expensive housing market ever.
- mikebelanger 10y agoWow - harsh assessment! Yes its true that Canada's housing market is getting overheated, and it has been for a while. In sticking with our sheep analogy, may I ask which greener pastures have you've roamed to?
- jordanb 10y agoI'm kinda amazed at what's happened in Canada. They largely missed the 2008 meltdown because their banking industry was still well-regulated and didn't participate in shenanigans. So apparently they decided to deregulate their banking sector and engage in shenanigans? Because now they look pretty much exactly like the USA in 2007. Case in point: http://www.theglobeandmail.com/real-estate/the-market/mortgage-fraud-on-the-rise-among-brokers-trying-to-help-clients-qualify/article27051297/ http://www.theglobeandmail.com/real-estate/the-market/mortga...