1/ The reckless Keynesian experiment of the past decades, with constant monetary and fiscal stimulus, has created a mountain of debt and put the financial system and world economy in a very dangerous situation.
It won’t end well.
reuters.com/article/us-glo…
It won’t end well.
reuters.com/article/us-glo…
2/ IIF: Spurred by low interest rates and loose financial conditions, total global debt will exceed $257 trillion in 2020.
The amount works out at around $32,500 for each of the 7.7 billion people on planet and more than 3.2 times the world’s annual economic output.
The amount works out at around $32,500 for each of the 7.7 billion people on planet and more than 3.2 times the world’s annual economic output.
3/ Canadian corporate and household debt levels are among the highest in the world. We are vulnerable.
Instead of piling up more public debt ($26B more this year), the finance minister should prepare for the inevitable downturn.
theglobeandmail.com/politics/artic…
Instead of piling up more public debt ($26B more this year), the finance minister should prepare for the inevitable downturn.
theglobeandmail.com/politics/artic…
