Conditions here vastly different from those in the once spendthrift U.S.

[guelph]

Here is a link to a article by David Olive commenting on the current economic situation in Canada.

I don't always agree with him but this time it seems logical and well reasoned

http://www.thestar.com/Business/article/576540

What are your thoughts?

 

[onthebottom]

Here is a link to a article by David Olive commenting on the current economic situation in Canada.

I don't always agree with him but this time it seems logical and well reasoned

http://www.thestar.com/Business/article/576540

What are your thoughts?

I agree and disagree.

I agree that all the money about to be spent on stimulas won't impact the underlying problem.

I disagree in that I think as Canada's largest customer suffers so will Canada.

OTB

 

[FOOTSNIFFER]

I disagree with him.

Canada does well when commodity prices are high...and they're not likely to rise anytime soon given the state of most countries. I think he's being a little bit hasty when he states that our real estate market isn't frothy...affordability is still not what it should be in most major cities, and it's usually during recessions that housing gets knocked down to more reasonable valuations. I think there are going to be further declines, and that will affect our banks.