The Bank of Canada maintained it's benchmark rate at 1% today, but lowered it's GDP forecast citing a "weakening" of the global economy.  Coach Z disagrees with this forecast.  I don't believe that there is a weakening of the global economy, what we are going to see is a consolidation.  With so many things going wrong around the world, it is a given fact that it will take time before a return to full health is possible.  This does not mean that we are off track.  I believe that the world economy is on it's way to recovery, it just isn't there yet.  It's like coming out of a chronic illness, you have your good days and your bad days and as long as you can count more good days than bad days you are pretty much on the road to recovery, just not well enough to go out and ride a bike or go to school/work, party...you get the point.  It will be another three years before we get to party, but the process of putting that party together has already started.



Leave a Reply.

    Disclaimer: MoneyCoach and the managers of the site Investment Opinion.net take no responsibility for the actions of any visitors to this site.  All information on this site is representative of the perspective of the contributing authors and may not reflect facts. All visitors are cautioned to obtain qualified financial advice from licensed individuals.

    Categories

    All
    Broke
    Credit
    Debit Cards
    Debt
    Economy
    Estate Planning
    Etf
    Europe
    Investments
    Mutual Funds
    On Line Trading
    Opg
    Politics
    Recession
    Relationships
    Retirement
    Spending
    Tsx