Agreed. I think with all the easy money the last few years (shades of 2003-2007), the consumer may be maxed and I don't think China will be available to save the world this time.
Yes, layoffs are a sure sign that a recession is not far away. Be nice to your boss if you haven't already been laid off.
Selling-no, unless some of the multi millionaires buy.
Like when they propped up the banksters in 2008/2009? Destructive Capitalism sure would have worked well then.
As the old saying goes:
I'm experiencing some guilty pleasure reading that Goldman Sachs is laying off a few thousand banksters, and the ones who remain aren't getting 6 figure bonuses this year.
The boat has already sailed on a recession. We are on a cruise missile towards a drama teacher orchestrated depression.
The banks never got any money from the governments without giving fair consideration in return.
www.bnnbloomberg.ca
Oh I agree. Canada was well insulated from the disaster of the financial meltdown. Mainly through good regulation and public policy which forced them to pay much closer attention to their exposure to the biggest excesses of the sub-prime fiasco and forced banks to have much higher reserves than their American cousins.
