Sunday, November 23, 2008

Entering a "technical" recession

Relevant Link

Harper is saying we are heading towards a "technical" recession.  Well, there is no pussyfooting around this, times are going to be bad.  Oil has plummeted nearly $100 since the summer, an other natural resources have had similar plunges.  The auto manufacturing sector is finished.  Tourism will continue to be poor.  No matter how much Harper wants to sugar coat it, the economy is going to be poor during the next year or two at least.  I work for the second largest mining company in the world, and they have implemented a hiring freeze.  That should tell you how bad it is.  This Conservative government is a joke.

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