Circling The Drain

Gradually Then Suddenly It's Probably Nothing New Governor Shiny Pony 20 Comments

The problem with the technical recession label is that it obscures the fact that Canada has already been in an effective recession for about ten years.

Whether or not Canada’s quarterly GDP grew or shrank fractionally over the past six months is of trivial importance compared with the inarguable fact that per capita growth has stalled since 2015. Our economy has not just had a bad couple of quarters, it has faltered for a decade, mostly because of persistently weak business investment.

20 Replies to “Circling The Drain”

  1. No problem, they will invent ‘technical GDP’ which will be through the roof, best in G20.

    1. Bought-and-paid-for Legacy media have to protect the gravy train.
      Orwell’s essay on NewSpeak (appendix to 1984) explains how language is used to manipulate. Calling it technical helps Carnage. If Harper had the same circumstances, it would be called depression.

    2. no no no no no. ‘technical’ is newspeak. and newspeak is all in vogue now.
      ‘read between the lines’ if the individual so chooses, but the ‘technical’ qualifier is
      the official stamp of the Liberal party that says ‘hey Canaduh !!! youse can keep voting for us,
      because ‘technically’ we’re a democracy’.

  3. (Took him till the last paragraph to make the only point worth reading.)
    The place has been shitting the bed since Blackie McBlackface and the High School Student Council got elected in 2015.
    But Canadians – mostly Retardians – could be told by Carnage that they’re the richest people on the planet and they’d believe him.

    Clown World Shithole.

  5. Meanwhile … here in the USofA … Janet Yellen’s “transitory” Biden-flation continues unabated since 2021 …

  6. It’s not a technical recession. It’s a full recession that started in 2015 thanks to the Liberals and their meddling.

    A full recession is generally defined as a more persistent and widespread decline in economic activity, lasting longer than two quarters and affecting multiple sectors significantly.

    In contrast, a technical recession may be shallow, short-lived, and sometimes revised as GDP data is updated

  7. Capital goes where it is valued and appreciated.
    There is therefore no reason to invest in Canada.
    Six major international oil companies have left entirely or divested from the oilsands in the last ten years.

    1. Canada is uninvestable. And when the USMCA blows up in Carney’s face, the toilet will be flushed.

  8. “…Canada has already been in an effective recession for about ten years.”

    It’s been a damn sight more than ten years. If you look at take-home wages adjusted for inflation, we’ve all been losing ground since the 1980s.

    We’ve been getting -crushed- for the last 10 years. Wonder when the tax revolt is going to come? Before or after the Canadian anti-beheading riots?

  10. If there were 1000 of the mostly experienced journalists in Canada together, and they were tasked without having access to their electronic devices, to explain what exactly is a recession, then further tasked with explaining the difference between a “technical recession” and a recession.
    I’d expect the majority to fail, much more than 50% of them would have no real idea.

    1. Make that 99.99% would not have a clue. Terrence Corcoran might but suffers TDS. He cannot discuss the subject intelligently.

  12. How much of the “technical recession” was papered over by increase government spending, including on the temporary hires to harass you to complete the census?

  13. It doesn’t matter if they have a recession in Canada, because they get FREE health care!

    In the USA, we have people dropping dead in the streets because we don’t have universal health care.
    /s

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