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May 4, 2018 | Economy facing Extended Downside of Debt Mountain

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

The debt hangover will suppress saving and spending ability for an extended period in Canada (and other countries), even if rates don’t move higher from here.

Laurie Campbell, CEO of Credit Canada discusses how indebted Canadians can manage their debt as the Bank of Canada gets set to hike rates.  Here is a direct video link.

Meanwhile US creditors are already reporting the highest defaults and lowest collection rates since the 2008 contraction, as shown here.  This is the stuff recessions are made of.

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May 4th, 2018

Posted In: Juggling Dynamite

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