Monday, 27 October 2008

Riddle Me This

The experts say that "Canada will avoid a recession"

OK. But the US is our largest trading partner. And its facing a major recession. Which means we will be selling less and less to them.

Jobs are being lost and consumer confidence is down.

Stocks are plunging, pension funds and retirement savings are being hit hard.
And now we're being told wages will tighten.

Exactly how are we going to avoid a recession?

Better yet, how is the market going to recover?

Wasn't the last boom purchased with ever increasing debt levels?

Isn't that why we're in this mess now? So.... How do we get out of this mess without encouraging people to borrow more and more again?

Oh wait, that's what we aren't doing.

*SIGH*

1 comment:

Ken Breadner said...

Catelli,

If you look hard enough you'll still find some economists saying the U.S. recession's going to be a "blip" and then it's happy times again.
I know it's silly of me, but at this point I discount anything positive I hear until I hear it from about ten different places.
This one's global, baby.