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The Recssion is Over!! For Canadians at least

5 durable postsStarted 2009-07-27Latest 2009-07-29

#73271Post 1 of 52009-07-27

The Bank of Canada has told Canadians that the recession is over for Canada!!!

[URL]http://www.thestar.com/comment/article/671652[/URL]

Quote:

"Don't worry about unemployment numbers because it is always a lagging indicator."

Too Bad I don't believe one word of it.. :lol: Let the major lying begin!!

#1249784Post 2 of 52009-07-27

Re: The Recssion is Over!! For Canadians at least

I wished Brian Cowen was Canadian, the fucking muppet like him

#1249790Post 3 of 52009-07-27

Re: The Recssion is Over!! For Canadians at least

End of recession = GDP is growing, even if slightly.

Positive GDP growth does not mean that everyone is employed and dancing in the streets. The correlation between the two is positive but not 100%.

#1250067Post 4 of 52009-07-28

Re: The Recssion is Over!! For Canadians at least

a jobless recovery is not a recovery at all.

#1250153Post 5 of 52009-07-29

Re: The Recssion is Over!! For Canadians at least

maybe not...it certainly doesn't help the jobless folks. just saying how the academic eggheads define it :-)