awake
07-24-2009, 04:27 AM
The central bankers and the Obama have saved us from the economic storm. With out them what ever would we have done? With their super excellent monetary policy tools and teleprompter addresses to the world they have rescued us all and made it clear that Supermen do exist . *record scratch*
WHAT A CROCK OF $&^t... look at the propaganda spewing from my side of the fence...
"The Bank of Canada has made it all but official – the Great Recession is over.
Bank Governor Mark Carney said yesterday Canada's economy will expand at an annual rate of 1.3 per cent in the July-September period.
That's a big improvement on the bank's forecast in April that output would drop by 1 per cent in the same period. By the final three months of the year, Carney said, the economy should be ticking along at a brisk3-per-cent growth rate.
If that turns out to be true, it would mean the sharpest recession since the Second World War – a duration of just nine months.
More than 370,000 Canadian jobs have been lost since last fall.
Carney cautioned that the recovery depends on massive government spending and record-low interest rates. And he warned Canadians should not expect employment to bounce back right away. "
WHAT A CROCK OF $&^t... look at the propaganda spewing from my side of the fence...
"The Bank of Canada has made it all but official – the Great Recession is over.
Bank Governor Mark Carney said yesterday Canada's economy will expand at an annual rate of 1.3 per cent in the July-September period.
That's a big improvement on the bank's forecast in April that output would drop by 1 per cent in the same period. By the final three months of the year, Carney said, the economy should be ticking along at a brisk3-per-cent growth rate.
If that turns out to be true, it would mean the sharpest recession since the Second World War – a duration of just nine months.
More than 370,000 Canadian jobs have been lost since last fall.
Carney cautioned that the recovery depends on massive government spending and record-low interest rates. And he warned Canadians should not expect employment to bounce back right away. "