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Take special note of his comments on CMHC mortgage insurance and consider why the Canadian housing market is the hottest in the world. Homes are not going up in "value" they are going up from an expansion of the mortgages on bank balance sheets. Galati could be "the card" that brings down this "house of cards" economy? BK
Take special note of his comments on CMHC mortgage insurance and consider why the Canadian housing market is the hottest in the world. Homes are not going up in "value" they are going up from an expansion of the mortgages on bank balance sheets. Galati could be "the card" that brings down this "house of cards" economy? BK
