Recession? What Recession? Let’s hear you say Recovery!

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.