Debt: Why Canada’s ‘strong economic fundamentals’ could yet blow over
James Johnston, Guest Author
A hurricane is a dynamic system. Heat, air and water create pocket thunderstorms that come together and gather strength in a powerful spiral effect, destroying whatever isn’t prepared for it on land. There’s a similar hurricane gathering strength in the global economy, as a self-reinforcing spiral of debt, money and materials hurls toward us, with most of us obliviously lying on the beach in our bathing suits and shades, assuming the calm weather will last indefinitely.
Read part one
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