Sectoral balances.
Read it at Fictional Reserve Banking
Canada: Government deficit shrinks, Household sector deficit soars
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4 comments:
It will be interesting to see how Canadians politically respond to 'their' growing public debt. The seems to be a polarization developing especially wrt the student protests. Neo-liberal litmus-test perhaps.
Shaun H.
As Roger Mitchell likes to say, the most important equation in economics is Federal Deficit = Net Private Savings + Trade Deficit
Pramatic Capitalism had an article touching on this comparing Canadian housing market to US's in 2007 as consumers become tapped out there
"Crisis, what crisis?"
http://twitter.com/JimboStanford/statuses/184965167866580994
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