Canada is in the midst of a unprecedented housing boom that seems likely to bust. I was recently in Canada and noticed a schizophrenic oscillation between housing exuberance and oil-price despair. What did it mean for the Canadian economy's outlook? Upon returning to the U.S., I did some research. What I found leads me to the conclusion that Canada is now among the most vulnerable large economies in the world. Here's why.
Vikram Mansharamani is a Lecturer at Yale University in the Program on Ethics, Politics, and Economics and a Senior Fellow in the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School. He is the author of "Boombustology: Spotting Financial Bubbles Before They Burst" and can be followed on Twitter @mansharamani. To join his free mailing list, visit http://www.mansharamani.com.
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