Monday, 17 June 2013

Canada is Doomed

While I don't think that Canada is doomed, American journalist Josh Barro certainly believes so. In his view the recent political scandals (such as the Rob Ford crack cocaine video and the arrest of Montreal Mayor Michael Applebaum) undermines public confidence in government.

Additionally, Barro believes that there is a massive housing bubble in Canada. He cites Paul Krugman's argument that real home prices are double what they were in the '70s. Historically speaking, real home prices tend to be flat over a very long term.

Finally, the American journalist believes that the global commodity boom is coming to an end which will hurt the resource based Canadian economy.



Is Canada doomed?

 

Disclaimer

The information presented on this website is purely for entertainment purposes and should not be considered as an investment advice or any kind of advice at all. Statistics presented on this site are not guaranteed to be accurate, and there could be errors in the information presented on this site. However authors do try to present information as accurately as possible. The opinions of the authors and commentators are just that, opinions! Please always make up your own mind about things in life, and never take things for granted, including on this site. Hope you have a great day!

Contact Me

You can reach the authors of this site by emailing to: torontocondobubble (at) gmail.com Authors of this website try to cite all their information sources to the best of their abilities. If for some reason you believe we infringed on your copyright, please email us and we will fix it as soon as possible!

Privacy Policy

Please familiarize yourself with our Privacy Policy