Posts Tagged ‘Debt’

High Yield Debt Tells Us That Just About EVERYTHING Is About To Collapse

Monday, February 15th, 2016

Did you know that there are more than 1.8 trillion dollars worth of junk bonds outstanding in the United States alone?

As high yield (junk) bonds blow up, everything else will follow. Please have a read of the article below:

How Consumerism Came About – Out of Control

Thursday, April 9th, 2015

CNBC Santelli – Debt Is NOT Income or Wealth – Americans Have It Wrong

Thursday, July 10th, 2014

Remember the last time around when the debt bubble burst with subprime mortgage loans the “debt to income” ratio was nearing 200%, I think we are nearing 165% in parts of North America. Watch out we are close to another debt bubble bursting. This time around it is student loans and sub-prime auto loans.


Credit Cards Aren’t Canadians’ Biggest Debt Problem

Tuesday, December 3rd, 2013

I’ve been watching the situation of Canadian personal debt for a while, and it seems like it is getting bigger and bigger. This latest report shows a 3% increase in personal debt not including mortgages.

What most Canadians are failing to comprehend, is that all it takes for them to hit financial ruin is a loss of a job and a rise in interest rates. Most Canadians should think about trying to reduce their debt as much as possible as the next downturn in the economy is coming between 2014-2017.