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Old 11-11-2008, 05:56 PM
trent trent is offline
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Join Date: Jun 2008
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Quote:
Originally Posted by bullish View Post
The wors that can happen is a mild recession, and we are not even there yet.
I think we've been in recession for quite a while now, although everybody is afraid to admit it. Look at the stock market, almost all sectors have lower earnings and the future looks bleak. The next thing to hit Canada hard is rapidly falling housing prices, which will translate in lower consumer spending (bad news for a consumer driven economy) and will create huge proiblems for most Canadian banks.
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