Quote:
Originally Posted by ilovebacon
What should we do and are you going to be affected by this?
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Everyone will be affected. Those who weren't over leveraged, held cash, or got out of the markets before the record crashes are the only ones who will be treading water.
The Liberal government was spending like a drunken sailor for the past five years while not producing economic growth to match it. They added tens of billions in debt and still had only a 0.3% GDP growth in Q4 2019. I'm sure that will be audited to flat and Q1 2020 was already going to be 0 or negative GDP growth as a result of the blockades. All of this during the greatest global economic prosperity we'd ever seen; the markets were juiced. Canada was entering a recession before COVID-19 hit, plus OPEC decided to kill the energy industry to say 'fuck you' to Russia and their pricing games. Canada is now in big, big trouble. Harvey is putting it nicely saying we'll be worse off than the US.