Canada’s Bubble Economy & Housing Bubble

Canada is experiencing a classic bubble economy that is driven by a commodities export boom (which is part of the commodities bubble) a massive housing bubble that is 40% larger than the U.S. housing bubble was at its peak, a consumer debt bubble and global “hot-money” investment inflows. Canada’s bubble economy is driving a U.S. export boom that has helped the U.S. economy recover from the Great Recession – this is just one of the many reasons why the U.S.’ recovery is actually a “bubblecovery.”

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