- "Debt Men - and Women - Walking" - How is China's exports rising good news for Canada

Fresh data fuel hopes for global recovery, Martin Crutsinger, The Associated Press, Dec. 11, 2009
http://www.theglobeandmail.com/report-on-business/fresh-data-fuel-hopes-for-global-recovery/article1396875/ Tab 3


With interest rates about to jump in the US in January and in Canada a few months later. And with individuals' debt, company debts, all levels of Government debts at the highest level, by far.

The fact that retail sales has increased during what is traditionally the big retail season, compared to the worst X'mas season imaginable last year can hardly be conclusive evidence of a recovering economy either in the US or Canada.

Also the key here is that China's exports are increasing. How is that good news for Canada's economics.

Interest rates will increase. Most economists in other countries are already pointing to the economic tsunami that awaits us when this happens.

This is a serious concern, more immediate than Global Warming, more far reaching than Afghan transferees being tortured.

When you look at the huge deficit Harper, Flaherty and the Con's are racking up, and you look at the "do-nothing" approach to Global Warming - one can only wonder, just what does Harper and the Con's have against our children and our children's children anyway.
When the Federal Government finances start to collapse under the weight of the debt and when the personal and company bankruptcies start to exponentiate, what will Harper have to say then - "we saved the Canadian economy", "steady as she goes", "even hand on the keel", "let the market forces prevail", "minimize Federal Government interference", "it's the Laissez faire  way or the highway".

It will be interesting to see who Harper blames - I've noticed that Harper and his Con's always seem to have someone else to blame for their mistakes.

If Canadians were told the truth by Harper, Flaherty, Baird, Prentice, Van Loan and the Con's I would be very surprised if they still though that Canada was on the right track.

Lloyd MacIlquham cicblog.com/comments.html