Americans and Britons have pared back their levels of debt, but in Canada it has grown

Source: Economist

Category: Credit, Digital Media, Video

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2 Responses to “Rocky debt-mountain”

  1. econimonium says:

    Is it just me, or did the narration sound like the beginning to an old Monty Python sketch? :)

  2. The variance is related to the housing bubbles. The US underwent its price correction from 2006-2011. The UK’s correction started in 2008 and is ongoing. And Canada’s correction just started in 2012.

    Realty Bubbles Monitor chart: http://trendlines.ca/free/economics/RealtyBubblesMonitor/RealtyBubblesMonitor.htm