Saturday, January 03, 2009
There's reason for hope in the economy
An analysis of why worst may be behind us
If you're a born pessimist of the Damon Runyan school ("All life is six to five against"), it's tough to resist the consensus view that 2009 will bring economic shocks even more painful than those we've just endured, including the worst panic in global finance since the Great Depression and a sudden, stomach-churning 40 per cent plunge in Canadian and U.S. stock markets.
But there's ample reason to bet that by this time next year conditions will have improved, even if Prime Minister Stephen Harper has mused that a depression, while unlikely, is possible. And Barack Obama has warned, "Things will get worse before they get better."
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Posted by MITCH TV at 9:40 PM