If you have not already done so, do check out my brother’s video version of the first primer. The second primer on the Canadian housing bubble should be done shortly. I should be a doozy!
Last year my brother had the opportunity to interview Michael Ignatieff. It’s now posted on our youtube channel as a two-part interview. In the second part, Ethan asks some excellent questions related to the housing bubble and consumer debt levels:
“So much of our GDP growth has been linked to the housing sector. Does talk of a housing bubble by certain economists concern you at all?”
“One of my biggest concerns is the level of household debt….currently 141% of disposable income…I would argue that this is the biggest threat to any long-term recovery. How would an Ignatieff government deal with this?”
Iggy’s responses are interesting. Enjoy!