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PostPosted: Fri May 01, 2020 10:26 am
 


Title: C.D. Howe's Business Cycle Council says Canada has entered a recession due to COVID-19 pandemic | CTV News
Category: Economics
Posted By: uwish
Date: 2020-05-01 06:12:36
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PostPosted: Fri May 01, 2020 10:26 am
 


God, I love people who state the obvious. Bad news for the Howie's though. Since it's world wide economic devastation along the lines of 1929 and since it's likely going to take years to fix the monetary issues, maybe they should have just skipped telling us we're in a recession and gone straight to:

Holy shit we're in a depression and just haven't figured it out yet.

Here's an interesting read about the difference between recession and depression that puts it into layman's terms so, even I could understand:

https://www.thebalance.com/recession-vs ... ts-3306048


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