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Old 06-12-2009, 01:40 PM
bullish bullish is offline
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Join Date: Jul 2008
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Quote:
Originally Posted by trent View Post
The real problems are yet to start in Canada. Once the employment insurance runs out for the recently laid off, foreclosures will pickup, spending will slow, banks will start feeling the pain of defaulting loans (mortgages, car loans, credit lines, credit cards). At this point you are not looking at recovery, but at economic collapse.
I don't think we'll ever see problems comparable to the US ones.
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