The Progressive Economics Forum » Denial About the Recession
Posted by Graham on June 4th, 2008
–This is a couple of days old, and came out before the OECD stated that Canada will avoid recession, but it is an interesting look at the state of the Canadian economy. Jim Stanford, for all his bad judgment when it comes to picking alliances in the CAW, can still sum it all up quite well.
Here is what should strike anyone thinking about the future of the Canadian economy:
Another tidbit: StatsCan also reported last week that there are now more Canadians working in retail trade than in manufacturing. In other words, more Canadians sell stuff, than make it. Does anyone remotely believe that that is a sustainable role for a national economy? And today the Conference Board has indicated that consumer confidence has hit a 7-year low. So much for the happy shoppers.
