These charts from TD Securities capture the problem with Canadian households as we head into the next global recession: individuals have more debt than ever, and especially older Canadians who are supposed to be debt free by 50+.
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Cory’s Chart Corner
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N🙃 W🙃RRIES, Everything's Great!
BREAKING: US margin debt jumped by +$112 billion in May, to a record $1.42 trillion.
This marks the 2nd consecutive monthly increase, totaling +$195 billion.
Margin debt has surged +$495 billion, or +54%, over the last 12 months.
Adjusted for inflation, this metric rose +7.9%
I appreciate seeing your quatification of a trend that I had sensed occurring over the past 25 or so years of a 50 year medical practice life, from which I just retired.
With apologies to Newton, I think we all know what can happen to a trend in motion.
Thank you.