The Tyee – Canada’s Reckless Banks Inflate House Price Bubble.
I’m back after having a nasty flu for the past 2+ weeks. This article by Murray Dobbin lays out a scenario for a future crash in the ‘Canadian’ housing market. The banks (finance capital) are in charge with the government following along like a loyal puppy dog.
Corporations are sitting on a lot of cash right now. That’s probably a good strategy for us as individuals: get liquid. Not so easy to get done. We are the unwitting dupes of finance capital content with the sense that we are in control of our lives and every decision we make is self-generated and independent of larger social, economic issues.