Out at a collection industry event recently.
Interesting discussion and re the potential for a new downturn.
Superficially the economy appears robust in many areas (….where is the recession) however the consensus is that the consumer is stretched in some segments.
We may be exposed and if there is a new external shock it could cause the system to crystallize, creating a further downturn.
Lots of discussion regarding the real estate market here, even the BBC was talking about housing in Toronto….
To use a weather analogy – Is this a stretch of late summer heat before the leaves turn, or did we just have a mild winter and this is spring?
Either way…. it is always good to be prepared and plan, whilst hoping for the best.