XPost: can.general, can.politics, can.taxes   
   From: me@eatmoose.yum   
      
   On 1/30/2010 10:14 AM, Canuck57 wrote:   
   > On 30/01/2010 11:07 AM, abc wrote:   
   >>   
   >> Canada's economy picks up speed in November   
   >   
   > But no jobs. A jobless recovery is in fact inflation and not recovery.   
   > If GDP goes up but peoples net incomes decrease and no jobs then it is   
   > inflation.   
   >   
   > To properly calculate the end of the depression you need net income to   
   > increase at or higher than GDP growth, then you know you have hit real   
   > bottom.   
   >   
   > The next issue is once the huge government debt-spend decreases, and it   
   > will have to as governments are broke, will GDP growth shrink? Probably   
   > will as people with less money will spend less and spend less means less   
   > GDP.   
   >   
   > Finally, the amount of debt slapped on us in both real government debt   
   > and currency print isn't good at all for the long term. Even if a   
   > recovery did occur, it will take 10 years or more to be realized.   
   > Recovery will be so slow you would think you were watching a snail.   
      
   Of course there are no jobs, those were exported offshore by previous   
   "conservative" governments.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)