the obvious inverse is that boomers feel entitled to their retirement money which is tied to a speculative asset which may or may not crash in the future, but canadian government does answer to that entitlement by extending more and more credit, a spiral that surely will not have any consequence eventually (2008 has not happened in Canada yet)
IIRC the canadian government was in the process of doing the equivalent of repealing Glass-Steagall when 2008 happened, so if it had just been a few more years you too would have been completely fucked.
the obvious inverse is that boomers feel entitled to their retirement money which is tied to a speculative asset which may or may not crash in the future, but canadian government does answer to that entitlement by extending more and more credit, a spiral that surely will not have any consequence eventually (2008 has not happened in Canada yet)
IIRC the canadian government was in the process of doing the equivalent of repealing Glass-Steagall when 2008 happened, so if it had just been a few more years you too would have been completely fucked.
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