When the hell will the recession be over?
- Thread starter La Roche
- Start date
I would guess that it will be at least this time next year before we are dragged out of this recession. Canada has to find new trading partners as I think we are seeing the US about to enter into a very protectionist cycle.
Compromised said:
Didn't we just do the same? A "buy canadian" campaign in retaliation to the US's "buy american"?
Not a bad idea even at the best of times.....
pencilneckgeek2 said:
Travelling within the country is always a good thing. This is a beautiful country and there is no better time than in the summer to do it. The hospitality industry is suffering and for people that need a little bit of a getaway, you can certainly see first hand at this great land of ours.
Some people will say that they can go away for cheaper somewhere else and I certainly agree with that but you can't look at price all the time. There are many great places in our city to visit as well. At times, I have seen the Royal York and Westin Harbour Castle have weekend rates of $99 plus taxes and these hotels are quite nice. Going out East this time of year is great as well.
It's tough to predict when we will come out of this and even though I am positive by nature, I can't see a recovery for a minimum of one year but no more than three.
lawyerman said:
That's the thing that used to kill me about vacationing in Canada. You could FLY to mexico or somewhere in the Carribean, stay at a 4 star all inclusive resort, drink and party like there's no tomorrow, and with taxes and transfers you'd still end up paying about half of what it would cost to rent a bare bones cottage in Gravenhurst.
Even with the difference in money it used to be cheaper to fly and stay for a week on a beach in Florida than go to Montreal for a weekend. At least now with Westjet prices to fly somewhere have become more competitive.
But if anyone is looking for a great place to spend a weekend, Montreal is freaking awesome. Go for the Just for Laughs comedy fest or just go for the bevy of cheap hot french escorts lol.....
GM and Chrysler are going to be a rock chained to our necks, this is going to last a while, might get real bad when peoples pogey starts running out.
Everything is changing like it never has before, environmental restrictions like never before and moves to alternative energy.......... this crash was inevitable.
Everything is changing like it never has before, environmental restrictions like never before and moves to alternative energy.......... this crash was inevitable.
tboy said:
Montreal is a great example of a place to spend the weekend and if you do have some time, you can drive or even take the train there.
I am a firm believer of spending money here and travelling is a good way to do it. I am not saying that you shouldn't go away anywhere else but the first choice should be here. Just my opinion.
lawyerman said:
Oh I agree, best to spend the money where it will give the best return. One reccommendation though if you're taking the train to Montreal: make sure you get the express. If you get on the milk run it stops at every two bit town and village between here and there and it takes FOREVER. I took a train once to Quebec City and it took something like 7 hrs to get to Montreal with all the stops.
I was thinking of taking the Canadiana Train ride from BC to Toronto but when I looked at the price, screw that! Plus NO smoking anywhere on the train ever and for the same money I could spend a week in Europe complete with car rental and hot EEs on call lol...
preciate it said:
We haven't even begun to experience the fallout of the auto company restructuring plans. Tons more jobs across a wide swathe of industries (everything from metals to plastics) are going to be lost.
I agree with the guy who projects this will last a decade.
Until there is news of people getting jobs rather than losing them by the hundreds of thousands every month, things haven't even started to get better. It's still in free fall.
I Told You So
Dear Terbites:
I told you Obama had never managed anything in his life. Bush's 200 to 300 billion dollar deficits don't look too bad alongside the Trillions Obama just ladles out to the cronycapitalists on Wall Street.
Very truly yours,
Sarah Palin
Dear Terbites:
I told you Obama had never managed anything in his life. Bush's 200 to 300 billion dollar deficits don't look too bad alongside the Trillions Obama just ladles out to the cronycapitalists on Wall Street.
Very truly yours,
Sarah Palin
Well, no, that's not how the end of a recession is defined. It's defined by positive economic growth over the period of one quarter, not by full employment.Compromised said:
In most economic recoveries, unemployment continues to rise after the recession is over. Most experts expect the same this time around.
As for the Liberals who want more government spending in order to spur job growth, Iggy has to explain this little bit of data, which shows a strong drag effect on the U.S. (un)employment situation under Obama's trillion+ dollar stimulus package in the U.S.: http://michaelscomments.wordpress.com/2009/06/08/correction-to-the-may-unemployment-chart/
When's the recession going to be over?
....when the fat lady sings, of course.
The average one post-war has lasted 18 months, so we're now in extra innings.
....when the fat lady sings, of course.
The average one post-war has lasted 18 months, so we're now in extra innings.
