Economic Armageddon
With the subprime mortgage meltdown happening in the U.S. and the recent nosedive by the stock markets on Wall Street and Bay Street, are you worried about our Economy? Do you think Canada is still in good shape or is it time to panic? Are you investing your money these days or saving it in case you need it sooner than planned?
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meltdown
Cheers,
Mike
September 17th, 2008 at 6:39 am
I recall the mortgage crisis of some years ago during the real estate crash… a lot of people were walking away from homes leaving the banks in a lurch.
After 9/11 there was a comment on the crash in the markets and with almost disbelief a coworked expressed concern - hadn’t people read the papers in the last three years when the bubble burst and tech stocks nose dived evaporating even more? Wasn’t the ENRON crash more significant than what is happening now in total dollars? Have people forgotten the recession of the 80’s - reading history shows Microsoft a “struggling company trying to make a showing during a recession.”
There is always a catastrophe around the next corner. Really, there is. What I don’t see is our government building and repairing our infrastructure (roads and facilities) during the good times so that when they break in the bad times they whine and moan there is no budget.
Enough whining and moaning for the morning… I think I’ve just given myself a headache.
September 18th, 2008 at 6:04 am
I’m investing, but am beginning to think the whole RRSP is a rip-off. They tax the bejesus out of you when you cash them, so I’m thinking about other ways to “save my money”. They’ll tax you now, or they’ll tax you later. Some democracy, we’re taxed up the wazooo and we have zero say in what happens in this country. Free country, I say nyet.
September 18th, 2008 at 1:57 pm
Hi Mike: We’re here, please stay afloat. Have a great night. Janice