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Stefan Molyneux, MA

@StefanMolyneux ↗

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Last Checked Dec. 31, 2019

Created

Fri Oct 18 14:36:03 +0000 2019

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118

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Stefan Molyneux, MA @StefanMolyneux

Canadians have responded to a decade of low interest rates and stagnant wages borrowing more. Canada’s debt service ratio is 24% of GDP - 1.6 TIMES the US ratio! Thus nearly a QUARTER of the Canada’s GDP is needed to service household and corporate debt. — PolitiTweet.org

Posted Oct. 18, 2019 Hibernated

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Stefan Molyneux, MA @StefanMolyneux

US private debt levels fell significantly after the Great Recession to about 150% of GDP, down from 170% - and have yet to recover to pre-recession levels. Private debt in Canada has skyrocketed to 220% of GDP – up from 150% in 2008. — PolitiTweet.org

Posted Oct. 18, 2019 Hibernated

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Stefan Molyneux, MA @StefanMolyneux

Canada’s annualized GDP growth for Q1 2019 was only 0.4%. Population growth over that time was 1.2%. Canada’s economy thud in fact DECLINED by 0.8% on per capita terms. — PolitiTweet.org

Posted Oct. 18, 2019 Deleted Hibernated