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#1
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people in debt
Do you think the government will do something to help the people in debt? Does it have to?
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#2
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Of course the government can do something stupid like that, but this will be really bad for everybody. People who has borrowed more than they can afford to repay, must fail. This way everybody will know that reckless borrowing leads to bankruptcy, and you must spend less than you earn.
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Bear with me please Last edited by Canadian; 11-16-2008 at 04:45 PM. |
#3
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Quote:
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#4
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Yes, but I prefer the government to do something if the other option is severe recession. I hope Canada avoids a severe recession or even something worse.
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#5
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I think Canada is in recession and next year will be even worse. Of course I am pessimist but I don't see anything good comming...
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#6
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The personal debt carried by Canadians is well beyond the point where it can be repaid. Even with historically low interest rates, Canadians are struggling to service their debt and pay their bills. The only way to repay all these debts is trough liquidation - bankruptcies, foreclosures, etc. The sooner the bad debt is liquidated, the better for all of us.
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No debt |
#7
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Quote:
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Bear with me please |
#9
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BankAdmin, were you able to find some stats on Canadian personal debt levels? Please post here if you did.
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Bear with me please |
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