I wouldn't be saying blah, blah, blah too much. You seem very blaze about a situation that is within 120 or 360 days of something not seen since 1930.
You think living through the '30s deserves a 'blah, blah, blah?'
International trade is high, and so is production. Employment is holding steady. The worst thing that could happen is to save the lenders who made bad and risky decisions. Let them die off and let the stronger ones survive.
For my money, I question the motives of opposition party leaders who use a debate to sow seeds of uncertainty about the Canadian economy.
That having been said, we are a resource producing, net exporting country. If the world economy goes into the crapper, we had best all bend over and kiss our economic asses good bye for the next several years.
It matters not a whit who is in power in Ottawa when the **** storm comes over the market horizon. We'll all be engulfed in ****. I do however have serious questions about national political leaders who try to create uncertainty where none existed yesterday, and when the victims of uncertainty would be our banks.
Housing demand over the long run is going to drop, so a decline in housing prices is the natural result. The oversupply has simply exacerbated this position. It won't be until all the houses are cleared that the recovery will start again.
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