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For the First Time, Canadians Now Richer Than Americans


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#31 RUPERTKBD

RUPERTKBD

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Posted 18 July 2012 - 03:55 PM

One more as well. While Americans at one point were in debt relative to incomes at about 150% debt to income right before the crash they have been getting out of debt and are now at 110% average. Not great, but better.

Meanwhile in Canada the average person is now more in debt relative to income than the US was at it's worse. Sure we might have higher valuations right now but a LOT of it is highly leveraged.


I absolutely resemble that remark...
Orland Kurtenbach and Dennis Kearns had just been torched 8-1 by the Habs, but they still took time to come out to meet us, some fellow BC boys who were playing hockey in Montreal. THAT"S what being a Canuck is!




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