My trip yesterday was actually to Niagara Falls, to talk to the Canadian Bar Association. In preparation, I did some homework; and to be honest, I came away a little less sanguine about Canada than I started. Everything I and others have said about the Canadian banking system and its virtues is true. But in other respects, there do seem to be some worrying signs. First of all, Canadians borrow and spend like, well, Americans.
Tuesday, August 31, 2010