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Old 11-14-2008, 09:07 PM
bullish bullish is offline
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Quote:
Originally Posted by trent View Post
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.
If you think that the Canadian real estate will go downhill from here, then you are wrong. The Canadian economy is solid compared to US and in a few short months house prices will resume their upward march.
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