Consumer Insolvencies | BullionBuzz Chart of the Week
This week’s BullionBuzz Chart of the Week shows consumer insolvencies rising at fastest levels since 08-09 recession. They have increased 19% YoY which indicates the largest annual gain since 2009. The rapid growth is a potential indication that the consumer debt bubble is on the verge of popping.
Source: Office of the Superintendent of Bankruptcy Canada; BMG Group Inc.