Tag: financial crisis
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If you don’t save, how do you expect to get wealthy?
At one level this should come as no surprise. For most of the last decade America was a nation of borrowers and spenders, not savers. The personal savings rate dropped from 9 percent in the 1980s to 5 percent in the 1990s, to just 0.6 percent from 2005 to 2007, and household debt grew much…
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We have no clue
At this point, it’s better to tell people right up front, ‘We don’t know,’ as opposed to trying to put out numbers that we’ll be dissatisfied with in maybe less than a week. // To put numerical ‘certainty’ on the Canadian and Ontario outlooks at this point in time . . . seems silly –…