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Old 07-09-2009, 02:03 PM
Canadian Canadian is offline
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Quote:
Originally Posted by trent View Post
Consumer bankruptcies in Canada spiked upwards more than 34% in May 2009 compared to May 2008 accroding to Stats Canada. Meanwhile Canadian consumers are buying houses keeping the real estate values close to the pick? What is wrong with this picture?
This is just the beginning, I can promise you that! Wait until the debt slaves have to deal with slightly interest rates, and you most likely see spikes of over 100% year-over-year in Canadian bankruptcies.
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