The media reporting on the state of the TSX is pitiful. Daily we hear either that it is rallying, or that some commodity or other is to blame for a slump. And every day, the pundits are able to tell another story, spin out another reason to bet your savings against the promise of growth. But the general feeling in the news rooms seems to be that the recession is over – don’t mix this up with unbridled optimism in the general public though. Governments would have to be getting nervous as their budgets show red for years to come, and the need to spend our way out of this mess is ingrained deeper with every cheque that is signed.
Tag Archives: Recession
Obama Predicts Trillion Dollar Deficit
I try my hardest not to be all doom and gloom here at UrbanWorkbench, but someone tell me who is going to lend the US Federal Government a Trillion dollars a year? Analysts predict that the federal deficit will hit a new record of at least $1 trillion this year, which would be not only …
The Economy – Is it as bad as it looks?
[ad#200-left]People have argued with me as to the severity of the current economic situation. Browsing the business pages of the New York Times today, it is evident that there is a global scare on right now. This by itself does not suggest that things can’t return to “normal”, but when taken in concert with other …
Who Will Look After the Workers?
I’m sure there are lots of stories like this one out there: After Layoffs, Workers Stay at a Factory in Protest – NYTimes.com Scores of workers laid off from a factory here [Chicago] that makes windows and doors have refused to leave, deciding to stage a “peaceful occupation” of the plant around the clock this …