Comments on: The recession is over in Canada! http://www.p2pnet.net/story/25666 p2pnet.net - reader powered Wed, 01 Feb 2012 15:11:09 -0300 http://wordpress.org/?v=2.8.4 hourly 1 By: naudia nyce http://www.p2pnet.net/story/25666/comment-page-1#comment-987842 naudia nyce Sun, 25 Oct 2009 20:23:21 +0000 http://www.p2pnet.net/?p=25666#comment-987842 Surprisingly the uk economy shrank a further 0.4% between July and September (the last quarter that there are figures for), so the end of the downturn is a long way off yet - another 6 months at least i reckon, its the longest recession since records began 50 years ago and it wont be till years later the economy and property market recovers, it was'nt until the late 90's that the property market recovered after the 89/90 recession. Surprisingly the uk economy shrank a further 0.4% between July and September (the last quarter that there are figures for), so the end of the downturn is a long way off yet – another 6 months at least i reckon, its the longest recession since records began 50 years ago and it wont be till years later the economy and property market recovers, it was’nt until the late 90’s that the property market recovered after the 89/90 recession.

]]> By: Reader's Write http://www.p2pnet.net/story/25666/comment-page-1#comment-979848 Reader's Write Sun, 26 Jul 2009 00:45:35 +0000 http://www.p2pnet.net/?p=25666#comment-979848 For me, there was no recession in Canada, or anywhere else. For me, there was no recession in Canada, or anywhere else.

]]> By: Devil's Advocate http://www.p2pnet.net/story/25666/comment-page-1#comment-979628 Devil's Advocate Thu, 23 Jul 2009 17:58:48 +0000 http://www.p2pnet.net/?p=25666#comment-979628 I love the way they try to use the Media as some sort of "placebo" intended to miraculously cause all the markets to start moving again. If I didn't know where these feeble "predictions" came from, I might even say it was kind of a "noble" attempt. But, what markets do they hope to dupe??... Nobody's hiring. Nobody's spending globs of cash. Very few actually have any money left in the bank. People are giving up on things like smoking, driving, family outings, renovating, etc., because they simply can't afford to think about them anymore. We haven't even got the stability to prevent all kinds of losses we're now incurring because of a city garbage strike. These types of statements made by the Bank of Canada are nothing but an insult to the human intelligence. We are one of maybe 2 or 3 countries remaining in the world that still own their central bank. If our government and the BoC jointly desired, they have the means to cure all our financial woes at no loss to the Bank. I'll leave you to ask yourself, why don't they? I love the way they try to use the Media as some sort of “placebo” intended to miraculously cause all the markets to start moving again. If I didn’t know where these feeble “predictions” came from, I might even say it was kind of a “noble” attempt.

But, what markets do they hope to dupe??…
Nobody’s hiring. Nobody’s spending globs of cash. Very few actually have any money left in the bank. People are giving up on things like smoking, driving, family outings, renovating, etc., because they simply can’t afford to think about them anymore. We haven’t even got the stability to prevent all kinds of losses we’re now incurring because of a city garbage strike.

These types of statements made by the Bank of Canada are nothing but an insult to the human intelligence.
We are one of maybe 2 or 3 countries remaining in the world that still own their central bank. If our government and the BoC jointly desired, they have the means to cure all our financial woes at no loss to the Bank.

I’ll leave you to ask yourself, why don’t they?

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