Bank of Nova Scotia economists Derek Holt and Gorica Djeric claim that fears of a double dip recession may be exagerrated because US consumer spending is still growing. A reasonable claim given that most of the US economy is driven by regular citizens buying stupid shit like the slap chop.
But these are just details. Fuck the banks!
Max Power69 wrote:Posted 2010/07/05
at 4:09 PM ET
I see so a Bank is telling us everything is Rosy and to borrow more money….BOY am I shocked…lets face it, no one really knows the future of the world economies. Obviously the banking sector wants to push consumer confidence, but that’s for their gain, not ours. The sooner people open their minds to this; the easier it will be for all
No moron. Read the (short) article.
Pakochan wrote:Posted 2010/07/05
at 4:41 PM ET
Of course they always tell us the sky is blue and nothing to fear.
They denied we were in recession until the last minute last time.
It would just make the recession worst if they said otherwise.