[oranowdenda]

More American whining...

[evalayCap]

Originally posted by Oerdin
Drake's case of Boring Midwestern Town Delirium continues. He still believes pretending to be French is better then admitting he comes from a boring hick town.
You got something against Midwesterners boy!?

[Teligacio]

You are the resident expert on boring retorts.

[wrenjmerg]

So is the world going to catch a cold?

[eocavrWM]

No, they've always been like that.

[wheettebott]

Originally posted by DaShi
http://www.nytimes.com/2007/06/01/bu...gewanted=print
Why isn't DanS keeping us updated? The economy is only so-so. If you wish to keep us updated on the intricate details of a so-so economy, feel free. I'll probably even read it.

[vvxtiopmx]

Well, our economy is directly related to how willing the consumer is to go more into debt.

JM

[Msrwbdas]

Originally posted by Jon Miller
Well, our economy is directly related to how willing the consumer is to go more into debt.

JM The standard quip was that when the US comes down with a cold Canada comes down with the flu. It happened in 1991, but not in 2001. What changed?

[jokilewqs]

That was my first thought, but IIRC commodity prices were pretty low in 2001. The runup began in 2002/2003

[kesFockplek]

Originally posted by KrazyHorse
I find it very odd that the US economy has displayed more volatility than the the Canadian economy over the past decade or so. Usually you would assume that a small country dependent on exports and resource prices would be more volatile. The US is far more volatile than Europe also. My (somewhat speculative) explanation is that this is due to the relatively sluggish rate moves of the ECB. You may not accept that rate moves itself can be cause of volatility, but consider that a rigid ECB policy is pretty much a given because it tends to decide by consensus. Greenspans' policy has tended to be reactive rather than anticipatory. It also was asymmetric, lowering rates far quicker in the face of a downturn, than raising them in the face of an upturn. In any case, the explanation may lie with the US rather than Canada.

[Gerribase]

Originally posted by DanS


The economy is only so-so. If you wish to keep us updated on the intricate details of a so-so economy, feel free. I'll probably even read it. The economy is great if you are one of the Haves and/or Have-Mores. It sucks for everyone else.

[Zdmlscid]

Originally posted by Kuciwalker
Duh? http://en.wikipedia.org/wiki/Jobless_recovery