Broadcastthis's Weblog

First of all…it’s important to note that while the banks are still losing billions each and every quarter (since the sub-prime tsunami washed ashore), they’re still making profits. Man….to be in an industry where losing a billion was still profitable…

So….

Canadian Finance Minister, Jim Flaherty, said that he’s optimistic about the Canadian economy and:

“I encourage Canadians to look at home here at how well we’re doing with our solid economic fundamentals and have confidence in our economy here in Canada,” Flaherty told CTV’s Canada AM on Thursday.

That’s fantastic…”go look for yourselves”….never mind the fact that *you*, Mr. Flaherty, (the Minister of Finance) are already on air, make-up’d, mic’d and ready to go and give us an example of “our solid economic fundamentals”….instead, you’re teaching us to fly by pushing us out of the nest.

“I encourage you to look”

I encourage you to go f*** yourself, Mr. Minister. I’m looking – believe me – and I ain’t coming up with a whole helluva lot to back up your bullshit claim.

May I quickly refer you to a previous post (“It Can’t Happen in Canada, Can It?)

Our “strong dollar”…

I’m going to keep posing this question: How is it that the Canadian dollar can be considered “strong” when it’s “at par” the U.S. dollar?

If the U.S. dollar is sinking like a stone, and we’re at a 1:1 ratio with them…..how can ours be considered “stronger”?

Stronger than it *was* perhaps….but is it really strong enough to get us through the coming storm?