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A free floating commentary on culture, politics, economics, and religion based on a passionate commitment to the truth and a desire graciously to refute that which is contrary to it….
"He must hold firm to the sure word as taught, so that he may be able to give instruction in sound doctrine and also to confute those who contradict it."
--Titus 1:9, Revised Standard Version
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Canadian Household debt surpasses levels foreshadowing U.S. housing bust
Canadian household debt has shot past the sky-high levels that foreshadowed the U.S. housing bust.
But it’s taken a statistical revisions by Statistics Canada to get there.
Canadians’ debt-to-income ratio reached 163.4 per cent in the second quarter, up from 161.7 per cent at the end of last year.
Read it all.
Filed under: * Economics, Politics • Economy • Consumer/consumer spending • Housing/Real Estate Market • Personal Finance • The Banking System/Sector • The Credit Freeze Crisis of Fall 2008/The Recession of 2007-- • * International News & Commentary • Canada
Next entry (above): The Presiding Bishop’s sermon at Executive Council opening Eucharist
Previous entry (below): (RNS) Are ministers and musicians allies or rivals?
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