Now One Third Of Canadians Fear Bankruptcy
Source: What Is That Whistling Sound
My view:
As we alluded to in a previous post here:
Leverage is a two edged sword. It cuts down the amount of equity needed to purchase assets when times are good and credit is available. But the down side is quite fierce. When the credit cycle contracts, more equity is required to buy a given asset, like a house, or interest rates are higher requiring higher payments and a higher portion of ones income. This combination starts a deflation cycle as the most levered individuals and companies default on bad debt. In turn, this results in more conservative lending practises at the banks which feeds into the reduction in leverage.
Now we have a situation that Central Banks are being forced to raise interest rates to support pensions through higher bond yields, and the system is beginning to crack.
If One Third of Canadians are already feeling the pinch at these relatively low rates, what will happen when rates rise a full percentage point?
From this viewpoint, housing and commercial property look like poor investments as asset deflation starts in earnest.
Source: http://whatisthatwhistlingsound.blogspot.com/2018/10/now-one-third-of-canadians-fear.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).