Pop, There Goes The Bubbles, It’s All Coming Apart

Toronto’s housing bubble is popping, its only a matter of time before this spreads from country to country and it all starts to fall apart. Commercial price index is now back to 2008 levels. Credit card delinquencies are on the rise, charge offs are increasing among small banks and the people have it the ceiling with credit card debt, we are now seeing signs that credit cycle has run its course.