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In this irreverent clip – satire at its best – Jason Jones from the Daily Show teaches regulation-loving
Canadian bankers the advantages of harmless American free-market fun or, more accurately, highlights the differences between the American and Canadian banking systems and their respective perceptions on the meaning of the word “greed”. Enjoy!
Posted by: Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and www.munKNEE.com (Your Key to Making Money!), for your viewing pleasure.
On a much, much more serious note on the financial/economic situation in Canada you might be interested in viewing “There Will Be No Economic Recovery” with Stefan Molyneux, host of Freedomain Radio, who deconstructs the myths of Canada’s economic strength.
Related Articles:
1. Canadian Economy Still Strong But Setting Itself Up For a Very Hard Fall! Here’s Why
Canada’s concentrated bet on real estate and construction, while creating jobs in the short term, is putting Canadian economy at greater risk in the future [and, with it unlikely that] Canadian households will significantly increase disposable income in the near future, any deleveraging could therefore prove to be quite painful. Read More »
2. Still NO Housing Bubble in Canada – So What Will Cause Prices to Finally Correct?
Canada’s housing prices continue to escalate [there has been no housing collapse as there has been in the U.S., Spain, U.K., Australia and elsewhere over the past 4-6 years] but concern is rising as to whether they are now, finally, ‘in a bubble’ and about to correct either modestly or severely. This article discusses what would cause a change in direction in Canadian housing prices. Words: 500 Read More »
3. Debt/Income Ratios of U.S., U.K., Canada, Australia & Germany – The Worst Is…
Canada has the dubious honour of having the highest debt/income ratio when compared to the U.S., the U.K., Australia, Spain and Germany. What is even more troubling is that the trend in Canada has a strong upward bias compared to all the other countries which have either stabilized (Australia & Spain) or are declining (U.K., U.S. and Germany). Read More »
