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Madelyn Au

Krugman warns Canada not immune - The Globe and Mail - 0 views

  • Canada's shining bank regulatory system cannot be counted on to shield the country from an impending economic buffeting
  • anadians spend too much relative to their household incomes and the country's housing bubble has yet to burst.
  • “Canada is by no means insulated,” he said. “Canadians borrow an awful lot. Savings rates have been very low. Household debt relative to income is very high here.”
  • ...3 more annotations...
  • Mr. Krugman heaped praise on Canada's tight system of regulating banks and consumer debt, as well as its generous social safety net for insulating Canadians from the current recession.
  • He said that interest rates are getting so low that it will soon be impossible for central governments to use them as a lever to stimulate borrowing and spending.
  • The Canadian economy also benefited from the fact that the country has its own currency
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    More indepth article on Krugman's views on the Canadian Housing Market
Madelyn Au

Uh-Oh Canada? - 0 views

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    Paul Krugman's Observation + Graph
Madelyn Au

Oy, Canada? - 0 views

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    Paul Krugman's Observation + Graph
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