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RE: Canadian Housing Bubble Will Burst
Low interest rates and cheap money have propped asset prices since the financial crisis. Take that IV drip away and we'll see whether the economy needs to go back on life support.
I see. I guess it's like giving drugs to an addict. It fixes their withdrawal symptoms, but causes further physiological damage.
Yes, i think it was needed initially to stop the panic. But it has gone on for 4 years too long. At least that's for the US.
Canada's a little different imo. You have hot money flowing in coupled with the oil slump. Tricky.
Good point.
The world economy is highly interconnected network, so I hope things will eventually go well for all of us.
meep