Canadian economy heading for recession
- Thread starter mentalfloss
- Start date
The next tanker from Newfoundland sails into Burnaby any day now depending on traffic in the Panama Canal.
Graphics alwayz have the facts eh? Did you bother to verify? What does it matter to you? You are part of the debt as someone who doesn't contribute and a huge liability thanks to piss poor lifestyle.
If you make a donation to WWF they'll send you a stuffed spirit bear made from petrochemical synthetic fabrics and fibres.
Canadian recession will go beyond 1st half of 2015
'Let's not fool ourselves into thinking this is a mild recession,' writes Louis-Philippe Rochon
With news of economic turmoil in China and other emerging economies, repercussions for Canada will be significant. Expect the recession to continue beyond the second quarter of 2015.
This raises questions about the supposed recovery in the second half of 2015. Currently, Canada is in recession. Most pundits are predicting that it is a mild recession, and that Canada will fully recover in the third and fourth quarters of 2015. But those predictions are surely wrong and are based on faulty economic logic.
The macroeconomics are just not adding up for a recovery in the third quarter of this year.
For the record, this is not a mild recession. Some pundits say it is, although the economic logic of such a statement is grotesquely flawed. They claim labour markets are not showing signs of a recession.
This is wrong. We know that large parts of manufacturing are badly reeling, in addition to the oil sector. Labour market participation is falling, leading to false readings with respect to the unemployment rate. Once you factor in the fact that thousands of Canadians withdrew from the labour market, you end up with a much higher unemployment rate.
....more...
http://www.cbc.ca/m/news/canada/man...ion-will-go-beyond-1st-half-of-2015-1.3201171
'Let's not fool ourselves into thinking this is a mild recession,' writes Louis-Philippe Rochon
With news of economic turmoil in China and other emerging economies, repercussions for Canada will be significant. Expect the recession to continue beyond the second quarter of 2015.
This raises questions about the supposed recovery in the second half of 2015. Currently, Canada is in recession. Most pundits are predicting that it is a mild recession, and that Canada will fully recover in the third and fourth quarters of 2015. But those predictions are surely wrong and are based on faulty economic logic.
The macroeconomics are just not adding up for a recovery in the third quarter of this year.
For the record, this is not a mild recession. Some pundits say it is, although the economic logic of such a statement is grotesquely flawed. They claim labour markets are not showing signs of a recession.
This is wrong. We know that large parts of manufacturing are badly reeling, in addition to the oil sector. Labour market participation is falling, leading to false readings with respect to the unemployment rate. Once you factor in the fact that thousands of Canadians withdrew from the labour market, you end up with a much higher unemployment rate.
....more...
http://www.cbc.ca/m/news/canada/man...ion-will-go-beyond-1st-half-of-2015-1.3201171
I have two things to say about that. The people who have put money aside during the boom years (2010 - 2014) won't have too much trouble. Squirrels even have enough brains to do that! A lot of the trouble can be attributed to the bankers and loan sharks. Look at the f**king houses people are charging up on a shoe string. Many right in the heart of Vancouver! In f**king sanity. And right behind the bankers are the Joneses, who are generally stupid anyway. Anyway watch the sky doesn't hit you on the head, there Flossy!
Nice article of obscure babbling with nothing to back it up.
Yellow froot loops are better than green with no shoes protruding from the outer space lawn mower bubble bath.
Yellow froot loops are better than green with no shoes protruding from the outer space lawn mower bubble bath.
I'm not panicking anyway. The pensions are still supposedly safe and if they aren't we've got lots of company. The ones I'm concerned about are those depending on these potential $15 an hour jobs. Likely won't happen!
What the f**k are you nattering about, Petros?
You better take an ulcer pill, Flossie- just heard on C.B.C. radio that Asian markets are way down in early trading and headed for another blood bath today. Might be a good day to buy Chinese penny stocks!
There is nothing to panic over unless, like you say you are in over your head and have no nuts tucked away recession or not.
Compared to the late 70s and early 80s, we are living on easy street.
Just like the article, it was just babble with no substance.
Compared to the late 70s and early 80s, we are living on easy street.
Just like the article, it was just babble with no substance.