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I drink your milkshake! a metaphor for capitalism
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<blockquote data-quote="rickyb" data-source="post: 3309076" data-attributes="member: 56035"><p>what id like to bring up is what has been the historical relation between incomes and mortgages / rents? and what has happened to debt after real wages stopped rising in canada in 1989?</p><p></p><p>it partly seems like debtors are taking too much money and that they shouldnt be allowed to. and lenders are lending too much and they shouldnt be allowed to.</p><p></p><p>michael hudson has some good critiques of mortgage debt to incomes these days, and just on the general economy.</p><p></p><p><a href="https://www.bnn.ca/one-in-three-canadians-can-t-cover-bills-amid-debt-trap-survey-1.968182" target="_blank">One in three Canadians can’t cover bills amid ‘debt trap’: Survey - Article - BNN</a></p><p></p><p><span style="font-size: 22px"><strong>One in three Canadians can’t cover bills amid ‘debt trap’: Survey</strong></span></p><p></p><p>Thirty-three per cent of respondents to the MNP survey, conducted by Ipsos, admitted to being stretched beyond their means on a monthly basis, marking an eight-point increase since MNP's last survey in September. Meanwhile, almost half (48 per cent) of respondents said they only have a $200-buffer to cover their obligations.</p><p></p><p>Canadians' increasingly-strained pocketbooks is giving rise to self-reflection, as almost four in 10 respondents to the survey admitted they regret the amount of debt they've taken out in their lifetime.</p><p></p><p></p><p></p><p><img src="https://www.bnn.ca/polopoly_fs/1.968304!/fileimage/httpImage/image.JPG_gen/derivatives/default/mnp-debt-survey.JPG" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p></blockquote><p></p>
[QUOTE="rickyb, post: 3309076, member: 56035"] what id like to bring up is what has been the historical relation between incomes and mortgages / rents? and what has happened to debt after real wages stopped rising in canada in 1989? it partly seems like debtors are taking too much money and that they shouldnt be allowed to. and lenders are lending too much and they shouldnt be allowed to. michael hudson has some good critiques of mortgage debt to incomes these days, and just on the general economy. [URL='https://www.bnn.ca/one-in-three-canadians-can-t-cover-bills-amid-debt-trap-survey-1.968182']One in three Canadians can’t cover bills amid ‘debt trap’: Survey - Article - BNN[/URL] [SIZE=6][B]One in three Canadians can’t cover bills amid ‘debt trap’: Survey[/B][/SIZE] Thirty-three per cent of respondents to the MNP survey, conducted by Ipsos, admitted to being stretched beyond their means on a monthly basis, marking an eight-point increase since MNP's last survey in September. Meanwhile, almost half (48 per cent) of respondents said they only have a $200-buffer to cover their obligations. Canadians' increasingly-strained pocketbooks is giving rise to self-reflection, as almost four in 10 respondents to the survey admitted they regret the amount of debt they've taken out in their lifetime. [IMG]https://www.bnn.ca/polopoly_fs/1.968304!/fileimage/httpImage/image.JPG_gen/derivatives/default/mnp-debt-survey.JPG[/IMG] [/QUOTE]
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