The excessive debt is an issues specifically because of the derivatives which is underlying all of that. Be prepared.
CMHC says Canadians' debt levels hit record highs at end of last year | CTV News
https://www.ctvnews.ca/business/cmhc-says-canadians-debt-levels-hit-record-highs-at-end-of-last-year-1.4432323
Celebrity surgeon goes 'all in' on $180 million Bel Air mansion
https://www.cnbc.com/2019/05/22/celebrity-surgeon-goes-all-in-on-180-million-bel-air-mansion.html
New York Fed: Record 7 million Americans are delinquent on car loans - Business Insider
https://www.businessinsider.com/auto-loan-delinquency-number-record-new-york-fed-2019-2
▶️ DTube
▶️ IPFS
I personally think excessive debt is a just product of our life style. It grows and grows until something catastrophic happens. I think bad times are ahead until the year 2030. A decade long recession.
I tend to think that you might be right 👍