.....and if the recession is really over expect interest rates to rise and the government of the day raising taxes.Good times spell bad news for cautious Liberals
by James Travers
Jul 25, 2009 
(71)
(71) Recession over, jobs still at risk
Jul. 25, 2009
The recession is over, after just nine months. The Bank of Canada says it is,...
The recession is over, after just nine months. The Bank of Canada says it is,...
1 comment:
good times?
Where? Just because BoC made an announcement, it isn't going to stop the continued job losses.
The worst is yet to come. If they raise interest rates, people are so high in mortgage debt, the carnage will make both the 90s and 80s foreclosures and bankruptcies look like a cakewalk.
Brace yourselves, and don't make any rash debt decisions (other than to reduce).
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