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Originally Posted by EldrickOnIce
I think the bubble may burst elsewhere first, before the US.
Consumer debt in Canada is out of control.
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Debt to disposable income is a deceptive stat, especially in this case, because massive debt had to be racked up in order to create the economic conditions that allowed for disposable income levels to rise. That and, any kind of downturn in the economy could suddenly cause that debt ratio to sharply increase.
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Americans will think 4 years down the road, not more. They are programmed for that. Trump's environmental policies are a long term disaster, but not in next 4 years.
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Older Americans, sure. But I don't think it's as true for younger Americans.