canada economic prophetico…!
…will canada get over ‘j’-flaherty…?
Jim Flaherty, mortgage destroyer
By John Robson ,Parliamentary Bureau
First posted: Saturday, June 23, 2012 08:54 PM EDT | Updated: Saturday, June 23, 2012 09:02 PM EDT
“[[Never. I mean, take his balance sheet … please. The feds currently owe nearly $650 billion on revenue around $270 billion, a scary 240% debt-to-income ratio.
True, their $31-billion interest payments, 11% of total income, are well under the maximum around 32% banks want you devoting to mortgage payments. But when you take out a mortgage you get a house.
Jim Flaherty doesn’t even have a vacant lot to show for his $650-billion national debt, plus huge unfunded liabilities in various social programs and a hole in public pensions understated in ways you should not imitate in discussions with your bank.
So, Comrade Flaherty, if you’re after financial idiots messing up the economy, look in the mirror, not out the window.]]”
…not because of low interest rates, which at the current rates promotes solid housing Bank life and commerce, but because, they run an unsustainable economic model, of the rich over the poor…! and history says: it will finally bite back at them and sooner than later…!
…somebody said: it takes more than a government to brake itself and a country…! it needs the help of the stock markets and the banks…!