Bank of Canada Governor says US economy will never recover.
 

The respected Governor of The Bank of Canada, Mark Carney, just went on TV today and said he thought that the US economy will never fully recover.

"It's going to take a number of years before they get back to the U.S. that we used to know — in fact, they are not, in our opinion, ultimately going to get back to the U.S. that we used to know," he said.

Article is here:

http://www.canadianbusiness.com/arti...-fully-recover

Sad news.

He's prolly right.

It's good to hear from you again Sandy.

Chas

Welcome back old friend!

Meh. I think we'll be alright, eventually.

Dave

We may if we can eliminate all lobbyists and set political contributions to no more than $100 from any individual or PAC. Finally wrest the government back from the financial sector. Oh yeah, and while we are at it do away with quarterly reporting, that is what turned Wall Street into a casino in the first place.

Mark Carney will be right just as long as the powers that be ignore what is going on. More worried about keeping the money for their re-election campaigns coming in. Letting the lobbyists write the bills regulating their masters, I afraid it will be more of the same.

Learned a new term for the government we have now yesterday, Crony Capitalism. Hear it used before but not explained so well as on Bill Moyers new show.
http://billmoyers.com/episode/crony-capitalism/





Barney

Welcome Sandy! :)

Concur.

"Never," is a LONG time: which is an idea helping me personally right now, too. :cool:

I think anyone other than the crazies on the far right know this. I am not sure why this is news.??:rolleyes:

Oh yeah, this is news to the nuts on the far right.

What is that they say, they are the chosen people, the extraordinary people, the exceptional people? Something like that. :p