Wednesday, December 14, 2011

Anywhere safe?

Household debt swells to record high

Household debt, including mortgages, is now worse in Canada than the USA and UK, according to the Bank of Canada. Adding: Household net worth fell by 2.1 percent in the third quarter, its second straight quarterly decline. Canadians held more assets in the form of real estate but the value of their stocks and pensions fell. The ratio of household credit-market debt, which includes mortgages, consumer credit and loans, to disposable income rose to 150.8 percent from 148.5 percent in the second quarter.

Posted by stuartking @ 08:50 PM (4371 views)
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2 thoughts on “Anywhere safe?

  • general congreve says:

    Apparently the US dollar is the place the cool kids hang out these days.

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  • “Apparently the US dollar is the place the cool kids hang out these days”

    Curious how Sterling has traded much closer to the Thai baht over the last year than it has to the greenback..

    ..who’s dumping gold at the moment?

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