CDN Gov. says recession is over. (Lies)

[Goldmoon]

The Canadian government has just announced again that the recession has come to an end (for the third time) If they were wrong the first 2 times, so do they really expect us to believe them for the third.

I think its just a ploy to stall the chaos, and get at least some people buying. If only people would stop buying into their lies.

[Justin19]

Of course, anything to keep the people hopeful before the end, anything to get their moral up

[ryangti]

Yeah so that we keep spending money to keep the economy afloat.
We seem to be screwed either way now anyway it can only get worse.
Life is becoming mundane already with not going out much as we cannot afford it.
Back to listening to the radio like in the old days cannot even afford tvs now or constant repeats.

We are not stupid or so they think we are more like brainwashing.
We shall just be taxed more it seems here is one example.

PUBLIC money could be used to save hundreds of jobs being axed in Scotland by drinks giant Diageo, despite its multi-billion-pound balance sheet, First Minister Alex Salmond has said.
As for the swine flu breakout as the healthcare has come under strain even before the outbreak, we shall no doubt have to cough up for that as well.


http://thescotsman.scotsman.com/poli...he-.5485865.jp

[Nasik]

Things are rosey, apparently?

OTTAWA (Reuters) - The Bank of Canada declared Canada's recession to be virtually over on Thursday and raced ahead of a cautious central banker pack with a mostly upbeat view on the world economy.

The worst-case scenario of global financial disaster has been "taken off the table", Governor Mark Carney said after the central bank released a surprisingly rosy quarterly outlook.

Carney predicted a turnaround in Canada's economy this quarter, an earlier-than-expected recovery from the worst recession since the 1990s.

But he warned of a long, drawn-out healing process with continued job losses. The bank stands ready to take further action to stimulate the economy, especially if a stronger dollar threatens to choke growth, he said.

"We're on track for the recovery, both in Canada and globally ... But it's early days. I mean, it's a long road," Carney told reporters.

One thing we're not doing is "printing money" (good to know):

The Bank of Canada has been reluctant to resort to unconventional policies, like printing money

http://ca.reuters.com/article/topNew...BrandChannel=0

The consumer confidence index is up and our last quarter didn't do as badly as forecast - they think we've hit bottom and are on the upswing. Time will tell of course, the last thing you want to do is advertise doom and gloom. But our banking systems are subject to comprehensive oversight, which spared us some of the most egregrious debacles that were evidenced elsewhere.

[olddragon]

Wonder how long it will be before Obama hits you up for a loan?

[Mezurashi]

the apparant rosines of the Canadian Economy can be explained in terms so simple that even Goldmoon might comprehend without resorting to wiki or google or the bible ...

WE HAVE A TINY LITTLE FUCKING ECONOMY.

numbers are shit - truth is in the reality of how long we would last if the Huge economies around us tanked big time.

Of COURSE we would show the first signs of upswing amongst the Giants - there is SO MUCH LESS INERTIA because of our puny stature.

and this is not Sarcasm - for a change - but rather the POV of a Canuck who's watched Federal Spending trampoline based on ephemera like public opinion and the personal feelings of executive bean counters. no kidding, where I work three years ago we asked for an additional $50 000 to resurface three parking lots, including the one used by staff. we're talking Farside Of The Moon parking lots here, you could play Whack A Mole with two hundred people at once it was so crumbling.

the request was denied because, "The Corporation at this time does not feel that this issue requires immediate attention and the funds are simply unavailable until the next fiscal budget."

two weeks after the 'fuck you' letter came in the Head Bean Counter in my corner of paradise got out of her car one morning and sprained her ankle. of course if she didn't weigh three hundred pounds she might have been able to recover in time but there you are.

when the order came down from On High to repair the parking lots our department sent a copy of the 'fuck you' letter back to them and page two had 'Sorry, No Can Do' written on it in the biggest font that would fit.

ten days later we got the money plus an additional 25k for 'unforeseen expenses.'

so ... maybe our recession actually Is over - if say ten members of Parliament decided to forego their yearly expense allotment that would about cover it ...

Canada is not a Barometer of anything - we are the weird exception to reality that keeps on chuggin' along ...

[Nasik]

the apparant rosines of the Canadian Economy can be explained in terms so simple that even Goldmoon might comprehend without resorting to wiki or google or the bible ...

WE HAVE A TINY LITTLE FUCKING ECONOMY.

Canada has the 9th largest economy in the world and a G7 member. Dismiss that if you like, but considering our modest population, pound for pound, we're doing pretty damn good. Does our economy pale compared to the US - of course but whose doesn't?

Canada is not a Barometer of anything - we are the weird exception to reality that keeps on chuggin' along

I'm not sure where in GM's post, or the article I offered, it was suggested that Canadian's economy was supposed to acting as a barometer - in fact, the article expressly points out that the US economy continues to decline.

[Singularity]

Indicators are pointing today towards a recovery in the US economy. Of course trying to interpret economic data is a bit like reading tea leaves, but I think things might be about to turn around. I'm in one of my rare optimistic moods today.

[Mezurashi]

Canada has the 9th largest economy in the world and a G7 member. Dismiss that if you like, but considering our modest population, pound for pound, we're doing pretty damn good. Does our economy pale compared to the US - of course but whose doesn't?

I've always wondered about those numbers - and given that we're sitting on top of Uncle Sugar I don't doubt that they may be accurate, but really - think it through in terms of population/infrastructure and distances. we might Appear to have a powerful economy but we are in fact less a 'juggernaut in waiting' than a 'small town acting like a city.' we might have a perceived power, but peering beyond the Money it becomes apparent that we are only a few weeks of calamity away from reverting to a completely agrarian infrastructure (except for the most highly developed cities, three or four in Canada).

not that this is a bad thing - if the shit hits the fan in a big way we, at least, will not suffer the collapse as badly as those for whom the infrastructure as it stands is the Only thing that keeps them alive.

I'm not sure where in GM's post, or the article I offered, it was suggested that Canadian's economy was supposed to acting as a barometer - in fact, the article expressly points out that the US economy continues to decline.

my bad - it is always the case that such economic news is used as a barometer in the media for the immediate neighbourhood in terms of trading partners or political allies. perhaps I was just trying to give a precautionary word, or maybe I was just off my nut.

regardless, I know that you know that the media (and lots of people) tend to 'borrow' good or bad news when it comes to stuff like this and the whole barometer thing was coming from the POV of someone who's seen far too many people assume that because things are looking good/bad for their neighbour it automatically means the same thing for them. I see far too much of it - hence why I personally know two people who sold their Apple shares two months ago ($10 000 and 27 000 worth, respectively) thinking the rumours of collapse were true. After all, it was happening to every other computer and software company ...

Apple shares went up $5.00 per unit just the other day ...