Moody's has downgraded Canada's Big Six Banks!
After the bank run on Canada's biggest private lender Home Capital Group, Moody's has downgraded Canada's Six Big Banks! Wow... this is getting serious.
We now have a crashing dollar, commodity prices at lows, a real estate bubble, consumer with record debts, and to top this all, our big banks got downgraded. Please remember that our banking system is considered as the safest in the world. That is major news!
I hate to sound alarming but I just hope inflation don't pick up to quickly as it would pressure consumers even more.
Please protect yourself accordingly and learn how you can profit from it!
Hey Nadeau, I have been trying to warn people of where we are in this economic cycle. We have hit all time highs in the markets again and now we are in the second longest bull market ever!
Certainly a sign of the top is that the sheeple are still sleeping.
Be safe and get prepared!
Indeed they are sleeping. Keep on waking them up!