Canada in recession?
#31
Re: Canada in recession?
heck lets all borrow and spend that will get us out of trouble. I will borrow money to build an extension on my garage and put in a wireless network out as far as the shed. I will also resurface the drive and replace all the windows.... see it is only sensible infrastructure spending surely that is not wrong ?
#33
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Location: 9 years in the canadian trucking industry... Niverville MB
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#34
Re: Canada in recession?
PS - I read that there were only 500 apartments to rent in Winnipeg in October (vacancy rate dropped to 1%) so God knows where we'll stay when we do get there!
#35
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Joined: Aug 2007
Posts: 1,782
Re: Canada in recession?
German ridicule for UK policies.....
http://news.bbc.co.uk/1/hi/business/7776462.stm
Looks like the Germans don't think much of the British Keynesian solution so Harper may not be out of step that much.
(I don't quite follow some of the figures at the end of the BBC article. Surely the German figures are millions not billions?)
http://news.bbc.co.uk/1/hi/business/7776462.stm
Looks like the Germans don't think much of the British Keynesian solution so Harper may not be out of step that much.
(I don't quite follow some of the figures at the end of the BBC article. Surely the German figures are millions not billions?)
#36
Re: Canada in recession?
And all the prudent, fiscally responsible Mr. Broown's "40% rule" financial jiggery pokery hasn't come to light yet. All the many tens of billions of pounds of PFI deals that do not appear on the government's books as liabilities will show up when the accounting rules change. They are trying to delay that evil day but it will come. Also, the blank cheque that they wrote to bail out Northern Wreck, said to be over 40 billion pounds. A done deal before the tax payers even knew about it and a lot of them still aren't aware of it. Ah well, it's only money ! Does anyone know what the Olymipic Games cost is yet ? Another financial gem to be sure.
#37
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Re: Canada in recession?
And all the prudent, fiscally responsible Mr. Broown's "40% rule" financial jiggery pokery hasn't come to light yet. All the many tens of billions of pounds of PFI deals that do not appear on the government's books as liabilities will show up when the accounting rules change. They are trying to delay that evil day but it will come. Also, the blank cheque that they wrote to bail out Northern Wreck, said to be over 40 billion pounds. A done deal before the tax payers even knew about it and a lot of them still aren't aware of it. Ah well, it's only money ! Does anyone know what the Olymipic Games cost is yet ? Another financial gem to be sure.
Last edited by johnh009; Dec 12th 2008 at 4:05 pm.
#38
Re: Canada in recession?
Its been reported that what Germany doesn't really want is for this UK type injection of money to set a precedent for the EU as they, being the largest and most successful economy by some distance, will end up paying for it disproportionately as usual. It may well be that the riots in Greece right now are just the first signs of trouble in the weaker european economies which are bound into a currency kept high by the strength of the German economy. For better or worse the UK is able (or the markets force it) to devalue at times like this.
#39
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Joined: Jun 2008
Location: Victoria, BC
Posts: 63
Re: Canada in recession?
Over in Victoria we had one article in the paper saying it was official, the government may go overdrawn a bit next year sometime, there was no plans to sink any money in and don't worry about it unless you have a lot of overseas investments. The banks here seem to be quite self sufficient.
I don't think the version of recession here is quite the same as in England where they wait till the country in bankrupt until announcing there might be a problem.
I don't think the version of recession here is quite the same as in England where they wait till the country in bankrupt until announcing there might be a problem.
#40
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Joined: Aug 2007
Posts: 1,782
Re: Canada in recession?
Although the Germans have a good positive balance of trade I think they have a fair old budget defict already. (I'd have to check out actual figures though.)
Its been reported that what Germany doesn't really want is for this UK type injection of money to set a precedent for the EU as they, being the largest and most successful economy by some distance, will end up paying for it disproportionately as usual. It may well be that the riots in Greece right now are just the first signs of trouble in the weaker european economies which are bound into a currency kept high by the strength of the German economy. For better or worse the UK is able (or the markets force it) to devalue at times like this.
Its been reported that what Germany doesn't really want is for this UK type injection of money to set a precedent for the EU as they, being the largest and most successful economy by some distance, will end up paying for it disproportionately as usual. It may well be that the riots in Greece right now are just the first signs of trouble in the weaker european economies which are bound into a currency kept high by the strength of the German economy. For better or worse the UK is able (or the markets force it) to devalue at times like this.
#41
Re: Canada in recession?
And all the prudent, fiscally responsible Mr. Broown's "40% rule" financial jiggery pokery hasn't come to light yet. All the many tens of billions of pounds of PFI deals that do not appear on the government's books as liabilities will show up when the accounting rules change. They are trying to delay that evil day but it will come. Also, the blank cheque that they wrote to bail out Northern Wreck, said to be over 40 billion pounds. A done deal before the tax payers even knew about it and a lot of them still aren't aware of it. Ah well, it's only money ! Does anyone know what the Olymipic Games cost is yet ? Another financial gem to be sure.
"The Millenium Dome"
Only good for attempted diamond heists - as I recall!
Yogi
#42
Re: Canada in recession?
In my humble opinion Canada should be careful not to throw its lot in with the rest (Perhaps look to Germany for your inspiration on the path to take)
#43
Re: Canada in recession?
...from the bbc article cited above.
#44
Re: Canada in recession?
About 50% of Canadian foreign trade is with the US. When they go down, we will go down too. Harper is full of it.