The bank of Canada, which had such a bright and cheerful prediction last fall, saying that Canada would see an upturn in the economy by spring, now has a much darker view. They have announced that the recession is worse than they anticipated and believe the economy will fall 1.30% this year.They also say we won't see signs of recovery until mid 2011.
In order to ease the pain of the economic chrisis they have lowered the key interest rate to 0.25% which is so close to zero,we may as well be there.In the last year the interest rate has fallen from 4%.This is good news for home buyers, especially if they can get a five year mortgage.However it spells disaster for people with disappearing investments and retirement funds.
If we continue to follow in the footsteps of the United States,I guess the next step is to print more money.I have a vague idea of what advantage that is supposed to give us,but I still have the feeling that it creates a false economy,which is even more fragile than the one that collapsed.At least they are also saying there will be Zero inflation this year And possibly next year.
It would be foolish to wish for a quick recovery now.It can't happen, but I wish the decline would slow to a stop and remain static until we could come up with better strategies.
We once had a stable economy,not anymore,the view is dark indeed..We will not be albe to get out of this hell-hole by printing more money...that's like throwing the baby out with the bath-water,it's gone down drain..it's a shame the last administration let it get this bad...It must be worst than we all realize,it's been reported the head of Freddie Mac.. David Kelleman commited suicide at 41..Ceo Moffett resigned...the United States needs to look at others countries like Canada and England,maybe we can get some pointers from them and we need stop being the know it alls..maybe we can learn something...but hey,thats just me...
ReplyDeleteHope everything went find today and Nana tests was great...I hope we have a turn arond soon..we would be in a sad state of affairs it the economy don't pick up soon,my day was great,some friends is in town visiting...they are from Queens,N.Y. met them once when we visit there,everything is going good with the garden and house..
ReplyDeleteHow is Brian?Do you think you will get your boat this weekend? I hope so...boy we are both going to have a wonderful spring/summer,fall also,I know you will have a great time enjoying your family on the lake,I know the family can't wait..I know you are tired and please get some rest...a good movie or TV show and snuggle up to your ever-ready rock....(GIGGLES) boy I am so bad...
ReplyDeleteNEE
The rock is pissed off tonight. He found out from his tax return that he owes the gov't another 5 thousand dollars.
ReplyDeleteI refuse to let it spoil my spring day.It was beautiful here,sunny and breezy.The daffodils are up .Dad always said to think of him when the daffodils bloom. I will write a post about him.
ReplyDeleteThe rock can go and be grumpy in the other room.He can stay out of the 'hidey hole'.If he doesn't smarten up I'll yank that damn thing so hard it'll be a foot longer.
ReplyDeleteDo Jaye look like you? The twins do,those are a couple of handsome boys...
ReplyDeleteOh yes,Dad asked sis how far was she now 6/7 months...dad is so silly...the gardeder said dad was a big help,he made dad his foreman,because dad love to give orders...dad don't give a shit ,he's enjoying his self,it's all he talks about..how he has to go and pick out the stuff for the barbeque pit..he's just like a kid in a toy store.hahahaha
I can't blame Brian,it's will get better..don't let it spoil your day..I am so glad to talk with you.
ReplyDeleteAnd pray tell ,what would you do with it a foot longer...(GIGGLES)
ReplyDeleteJaye looks something like me but more like her dad.The twins look more like me than Jaye does.
ReplyDeleteIsn't it fun to watch dad?He'll enjoy pretending he's a contractor.
You'll have the best damn barbeque that money can buy.
I would love to read a post about your dad...
ReplyDeleteIf it's a foot longer he'll have to tie it in a knot or he won't be able to walk.I'll swing him around with it if he doesn't cheer up.It's only money,not life and death.
ReplyDeleteDad thinks like Brian..you work your ass off and the gov't wants more...he says if they let the people keep some of what they have worked for and help the ones that needs it..and stop bialing out the ones that put us here.
ReplyDeleteWhat did sis say?She should tell him it's octuplets like Octomom.All girls.
ReplyDeleteDad has the right idea,but it will never happen.That would be too fair.The middle classes pay and pay
ReplyDeleteI agree,it's only money...you and I are on the same wave length..men march by a different drummer..they have worked hard to provide for their families...and the gov't wants more to flush down the toliet.
ReplyDeleteMaybe dad will turn into a country boy.It sounds like he's really taking to it.Don't forget the kids need a swing set or a jungle gym.JIll would love that jungle gym if she's a real tomboy.They have them with a kind of little tree house at the top only much safer.
ReplyDeleteSis told dad it was 4...they would be here in time for tax time..dad say he wasn't going to tell,the gov't might want them also.hahaha
ReplyDeleteGil says look as if they taxed him for having Gilly...Gil says he is going on welfare and food stamps.they gives them to the ones that don't need them.hahaha
Jill is a tomboy ...I looked at some gym sets...I like the idea with the tree house on top..
ReplyDeletePoor Gil.My heart bleeds for him.
ReplyDeleteBrian has to figure out how to give me some of his income so they won't tax him so much.Or, he can take a lot more time off which he should anyway with his heart.
But, he will do it his own way.
Are you sure it's quits with Brangela.
The jumping jolly is really making Gilly legs stronger...he pulls his little ass up..
ReplyDeleteGilly will be walking by the time he's a year old.The only problem with the jolly jumper is that even when you take them out they keep jumping,even while you're holding them.
ReplyDeleteI read that in the NE...they always have something in there about her /Brad...he left Jen for her..that's why Angelina and Julia Roberts are not friends ..Angela and Brad got together when they made a movie together.
ReplyDeleteI heard that the Mel Gibson divorce will be a real circus.She could ask for fifty million.
ReplyDeleteI know he is an active little bugger..
ReplyDeleteYes she did...what's wrong with these people...Morgan Freeman wife is asking for 80 million..Morgan's girlfriend was in the car with him when he had the accident..
ReplyDeleteMel Gibson is a loony tune..after a couple of drinks Mel hits on every woman he sees...They have 7 kids and she has forgiven him so many times.
ReplyDeleteThey get tired of the same old face and the same old sex.And, young women are always throwing themselves at rich old celebrities.It's hard to resist.
ReplyDeleteI tried to save mine,when I realize I was fighting a losing battle..I swallow my pride and move on.
ReplyDeleteYou can keep a spark in your sex life...I always have time for my man...as you say catch his dangle,there are a lot of weak men out there...in the spot light and trying to stay young...poking everything in sight will wear your ass out fast.Then what?
ReplyDeleteMel is not really my type but I liked him as the Road Warrior.He's just a little guy.He would fit in wth our family. We're all little except Peter and Steve.Justin is big but not too tall.Jason is taller but skinny.
ReplyDeleteI might still give Mel a ride if he begged me.
Do you think Mel will ever beg me.Brian will be useless with the rock tied in a knot.
ReplyDeleteWhen your garden is turning green,please send me a picture.I'll send you a picture of mine.
ReplyDeleteShit if Mel begged you,you would say HA!! sorry old fellow ,you have had two many...I like his movies...You will be trying to figure out how to get Brian out of a knot...Come hell or high water,that choochie belongs to Brian..hahaha
ReplyDeleteI will sed you some,as soon as I get unpacked I will send you some of my family also...I have a lot of pictures to be developed,,I might have to take out a loan.hahaha
ReplyDeleteI don't know.Mel is obviously a horny man.I wonder if he makes the woman do all the work like DC.I have to admit I like the guy to be the mover and shaker.well I'll only say yes if I can't get the knot out of Brian's ...
ReplyDeleteWe can't get the boat till next weekend.Jeremy dropped his busted old car off at Brian's dealership to get it fixed and took our truck. He's kept the truck for over a week and won't bring it back .It's a hopped up truck,very powerful ,twin pipes.It really roars so all his friends think he's really cool.
ReplyDeleteI guess Jer will be the next one to get a car.
Well I think I'll go write a post now.Maybe I can write about my dad. I don't know.If not I'll do some jokes.I can always find them.
ReplyDeleteall the best sweetie.Have a good night
Goodnite sweetie see you tomorrow,have a great nite cuddling.
ReplyDeleteLOL...LOL... NEE