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(Toronto Star)   "Canadian Economy Saunters When It Could Lope." As long as it doesn't mosey when it could gallivant. A meander would be more worrisome than a beeline -- and prancing is right out   (thestar.com) divider line
    More: Silly, Economy of Canada, headwinds, discouraged workers, United States Public Debt, high school diplomas  
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444 clicks; posted to Business » on 14 Sep 2010 at 6:57 AM (10 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



18 Comments     (+0 »)
 
 
2010-09-14 3:26:03 AM  
static.tvtropes.orgView Full Size
 
2010-09-14 7:02:55 AM  
Looks like we're done here. I'll get the lights.
 
2010-09-14 7:25:13 AM  
The problem for the Canadian economy now is that we avoided the massive devaluation of housing. Which is already as massively unaffordable levels. There was some pullback but only around the 10-20% range instead of the 70-90% the USA had.

This could prove to be a problem in the future as Canada now might be in line for a recession down the road while other countries enjoy growth. Or perhaps just really slow growth over a longer period of time than its peers.

Housing in Canadas major cities are 7-10 times household incomes for those who dont know. 3-4 is considered "normal".
 
2010-09-14 7:46:23 AM  

poisonedpawn78: major cities


It's cute how you made that plural.
 
2010-09-14 7:52:25 AM  

poisonedpawn78: There was some pullback but only around the 10-20% range instead of the 70-90% the USA had.


I can't think of anywhere in the States that dropped 70-90%. The worst parts of Vegas, Riverside County, and Southern Florida have been closer to 70%, and could fall more, but there's a whole lot more that have fallen 10-20% or so, and some major cities (Dallas and Houston) that haven't done that.

Of course, I don't know if anywhere in the US went quite as batshiat insane as the YVR market.
 
2010-09-14 8:24:08 AM  
What do you call it when all the dancers on Soul Train form two lines and you go between them doing your funkiest dance? I'd like to see the economy do that.
 
2010-09-14 9:18:42 AM  

Lawnchair: poisonedpawn78: There was some pullback but only around the 10-20% range instead of the 70-90% the USA had.

I can't think of anywhere in the States that dropped 70-90%. The worst parts of Vegas, Riverside County, and Southern Florida have been closer to 70%, and could fall more, but there's a whole lot more that have fallen 10-20% or so, and some major cities (Dallas and Houston) that haven't done that.

Of course, I don't know if anywhere in the US went quite as batshiat insane as the YVR market.


I was using a broad brush. I saw some houses in Cali go from 600k to 50k and cant sell. While other parts of the country either stagnated or even went up over the same period. Your mileage may vary as usual.
 
2010-09-14 11:29:34 AM  
Indeed subby - prancing in snowshoes is damn near impossible.

/Canucklehead
 
2010-09-14 12:48:01 PM  
Loping you could easily slip and crack your head on the ice.

Sauntering is much safer and you don't need to move fast anyway, the baby seals just sit there waiting to be clubbed.
 
2010-09-14 2:03:51 PM  

poisonedpawn78: Or perhaps just really slow growth over a longer period of time than its peers.


that's not a bad thing you know ....
 
2010-09-14 2:10:43 PM  
If the Conservatives or the Reform Party / Canadian Alliance had been in power during the late-90s and early 2000s, Canada would have been as screwed as the US. They would have approved the big bank mergers and deregulated the mortgage lending market, and the crash in 2008 would have been as spectacular as south of the border.

Here's something you won't read in Canada's media even if it's true: thank God for Jean Chretien.
 
2010-09-14 2:25:13 PM  

Brokenseas: If the Conservatives or the Reform Party / Canadian Alliance had been in power during the late-90s and early 2000s, Canada would have been as screwed as the US. They would have approved the big bank mergers and deregulated the mortgage lending market, and the crash in 2008 would have been as spectacular as south of the border.

Here's something you won't read in Canada's media even if it's true: thank God for Jean Chretien.


You forgot the costs of Afghanistan/Iraq wars on top of that.
 
2010-09-14 3:40:59 PM  

Brokenseas: If the Conservatives or the Reform Party / Canadian Alliance had been in power during the late-90s and early 2000s, Canada would have been as screwed as the US. They would have approved the big bank mergers and deregulated the mortgage lending market, and the crash in 2008 would have been as spectacular as south of the border.

Here's something you won't read in Canada's media even if it's true: thank God for Jean Chretien.


The Canadian media generally does not not print information generated within your ass.
 
2010-09-14 4:23:55 PM  

Brokenseas: Here's something you won't read in Canada's media even if it's true: thank God for Jean Chretien.


This is true, they ran a very tight economic ship during their reign, eliminated the deficit and tackled the debt. Of course thanks to the 7% GST that he vowed to eliminate, but credit where it's due.

And as mentioned Harper would have put us in Iraq too.
 
2010-09-14 4:48:41 PM  
Wake me when it sashays
 
2010-09-14 4:51:34 PM  

thedeathknell: Brokenseas: If the Conservatives or the Reform Party / Canadian Alliance had been in power during the late-90s and early 2000s, Canada would have been as screwed as the US. They would have approved the big bank mergers and deregulated the mortgage lending market, and the crash in 2008 would have been as spectacular as south of the border.

Here's something you won't read in Canada's media even if it's true: thank God for Jean Chretien.

You forgot the costs of Afghanistan/Iraq wars on top of that.


Sure, sure deficit blah blah. What about the failure to build enough prisons?
What about .... UNREPORTED CRIME!!!!
 
2010-09-14 4:55:35 PM  

Handsome B. Wonderful: The Canadian media generally does not not print information generated within your ass.


i agree,
 
2010-09-15 1:09:32 AM  
I don't regret laughing at this headline. But I both rue and lament it.
 
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