Quote:
Originally Posted by chassis
Thanks Alfisti. What do you recommend that you, anyone reading this thread, or your/our governments do? What action needs taken?
Please try to frame the reply in the context of the original post on this thread.
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From an economic perspective, the horse has bolted. In Canada and the US the spending and deficits in boom times was an appalling lack of spine and means there is no war chest, so we are now adding monumental debt to monumental debt to try and keep everyone afloat.
I am not saying I have answers, i am saying the damage is going to be of epic proportions and folks are deluding themselves if they think this all goes back to normal in a hurry. We are seriously, seriously looking down the barrel of 20% unemployment, the consequences of that are near unimaginable.