Oh s**t , the new recession is coming. The markets are crushing. Today, Canadian Government published the inflation rate of 1.9%, which according to them was not bad. However, the gas price is still high. Don't forget, everything is about the energy. If the oil price keep up in Canada, the market is going to respond greatly in the near future due to the fear of the economic crisis in our south neighbour country. Two years ago, the market was unstable, US government secretly "help" major banks within US and Canada. It is different this time, they are now in debt, of course the decrease of their credit rating will not affect them to borrow more money, but if President Obama do not have a plan to reduce the expense, which may include all kind of financial aids to foreign countries (they will save their own ship before saving other people's ship), he may have troubles to find a job at 2013. We are still one year away from the election, but the US debt will not have a significant change until 2012. Consequently, US may not have the power to "bail" Canada out this time. Point is this recession is going to be hell worse than last one. Don't believe me, go to http://ca.finance.yahoo.com/ and check US, Europe, and Asia stock market, and tell me how much have been evaporated since May 2011.
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