Pop, There Goes The Bubbles, It's All Coming Apart - Episode 1562a

x22report (75) in bubble • 7 years ago

Toronto's housing bubble is popping, its only a matter of time before this spreads from country to country and it all starts to fall apart. Commercial price index is now back to 2008 levels. Credit card delinquencies are on the rise, charge offs are increasing among small banks and the people have it the ceiling with credit card debt, we are now seeing signs that credit cycle has run its course.

bubble pop credit freeze recession

7 years ago by x22report (75)

$12.09

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!

Sort Order:

Trending

[-]

cve3 (63) · 7 years ago

Thanks again, Dave. I am watching and listening

$0.23

1 vote

[-]

oldman28 (57) · 7 years ago

Thanks Dave. Being in the middle of this Toronto bubble, my broker friends say the housing market is dead and it is harder to get mortgage.

$0.17

5 votes

[-]

dankh (57) · 7 years ago

Wouldn't it be funny if cryptocurrency ended up being the standard instead of the petro-yuan?

$0.10

4 votes

[-]

csmaybo (40) · 7 years ago

Thank You Dave, Great report.

$0.05

2 votes

[-]

saltycat (55) · 7 years ago

Thanks Dave. House prices in the UK have had their biggest monthly fall in 8 years. Demand has softened (despite all the good economic news!). Now they plan to give 25 years olds £10,000 to put towards buying a house. Desperationsville.

$0.02

2 votes

[-]

kcarchserv (48) · 7 years ago

So, Canada is the eye of the storm, at least in in the house market.
Will see how bad all this is going to get. Get ready for it.

$0.00

[-]

surveyor1 (44) · 7 years ago

End of the year .🤨

$0.00